On January 05, Sharecare Inc. (SHCR) announced that its Ornish Lifestyle Medicine has been recognized as the No-1 heart-healthy diet of 2021. Consequently, shares of SHCR were trading at $4.78 apiece in the after-hours on Wednesday.
The stock traded in the red with a loss of 8.96% at its close of $4.37, in the regular session. Following the announcement, SHCR soared high in the after-hours to gain a huge 9.38% at 8.81K shares.
The digital healthcare company, Sharecare Inc. (SHCR) has a market capitalization of $1.63 billion with its 339.03 million shares outstanding.
SHCR’s Ornish Lifestyle Medicine
Ornish Lifestyle Medicine was developed by Dean Ornish, MD. It has been validated by extensive clinical studies spanning over 40 years. Moreover, Ornish Lifestyle Medicine is the first and only Intensive Cardiac Rehabilitation program. Scientifically proven in controlled trials, the program prevents and reverses various chronic diseases progression like cardiovascular disease. Further, this program consists of four key components that are nutrition, fitness, stress management, and love/support.
As per Wednesday’s announcement, SHCR’s Ornish diet has been named the year’s best heart-healthy diet plan by the U.S. News & World Report. It is the 11th consecutive time for the diet to receive this recognition since U.S. News started the ranking in 2011.
In addition to being ranked as 1st in the heart-healthy diet category, the Ornish diet is 4th in the plant-based diet category, 5th in weight-loss, and 8th in the diabetes category, for 2022.
Added to this, Dr. Ornish and Anne Ornish’s UnDo It! was published in a paperback edition this week.
Q3 Financial Report
On November 10, the company announced its financial results for the third quarter of 2021.
According to this, SHCR had revenue of $105.6 million in the third quarter of 2021. This shows an increase of 32% against $80.2 million in Q3 of 2020.
The company suffered from a net loss of $43.1 million in the third quarter of 2021, against $6.4 million in the year-ago period. Resultantly, the net loss per share was $0.13 and $0.10 in the third quarter of 2021 and 2020, respectively.
SHCR’s Financial Outlook
According to the financial guidance provided along with the Q3 results:
The company expects revenue between $120.3 million and $121.3 million for the upcoming fourth quarter of 2021.
In addition, for the full year 2021, the expected revenue range is $414 million to $415 million.
