Sharecare, Inc.
sharecare.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q2 FY2024 10-Q, filed Aug 9, 2024. Its latest SEC filing is a 15-12G from Nov 4, 2024.
10-Q for Q2 FY2024, filed Aug 9, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Sells digital health and wellness programs to employers and health plans, data and information services to healthcare providers, and digital marketing services to life sciences companies.
10-K for FY2023, filed Mar 29, 2024Our enterprise solutions are based on a software-as-a-service (“SaaS”) model that allows enterprise customers to message, motivate and…View ↗
We generate revenue from serving requestors across the ecosystem of payors, life, legal, patient and government as well as in the work we…View ↗
To drive awareness, adoption and engagement on behalf of our partners, we have created a comprehensive strategy to reach the member through…View ↗
How Did They Make Money?
Employers and health plans pay monthly for eligible-member programs and platform access; providers and record requestors pay for fulfilled health-record requests and related services; life sciences clients pay for marketing, sponsorships and content as content or advertising views are delivered.
10-K for FY2023, filed Mar 29, 2024The Company provides employers and health plans with health management programs for their employee base or covered population, including…View ↗
Customers are generally billed monthly for the entire amount of the fees contractually due for the prior month’s enrollment, which…View ↗
We generate revenue from serving requestors across the ecosystem of payors, life, legal, patient and government as well as in the work we…View ↗
To drive awareness, adoption and engagement on behalf of our partners, we have created a comprehensive strategy to reach the member through…View ↗
The Company generates life sciences revenue mostly through ad sponsorships and content delivery. Content delivery revenue is recognized…View ↗
$445.3M
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10-K for FY2023, filed Mar 30, 2024
$445.3M ↗
Who Were Their Customers?
Employers, health plans and government agencies use its population health platform; healthcare providers and health systems use its records and data services; pharmaceutical and consumer brands buy marketing and content services.
10-K for FY2023, filed Mar 29, 2024Our enterprise solutions are based on a software-as-a-service (“SaaS”) model that allows enterprise customers to message, motivate and…View ↗
We generate revenue from serving requestors across the ecosystem of payors, life, legal, patient and government as well as in the work we…View ↗
Our life sciences offering is a robust platform and suite of digital products and medical expert knowledge that provides members with…View ↗
To drive awareness, adoption and engagement on behalf of our partners, we have created a comprehensive strategy to reach the member through…View ↗
Did Revenues Turn Into Profits?
No. It lost $128.5M in FY2023.
10-K for FY2023, filed Mar 30, 2024
−$136MView ↗
10-K for FY2023, filed Mar 30, 2024
−$128.5MView ↗
10-K for FY2023, filed Mar 30, 2024
−$15.6MView ↗
How Were They Changing?
- Net income
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Sources
10-Q for Q2 FY2024, filed Aug 9, 2024
−$42MView ↗
- ▲ +20% (Loss)
- vs −$35.1M in Q2 FY2023
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Oct 22, 2024
Altaris completed its acquisition of Sharecare
Sharecare's common stock ceased trading and was delisted from Nasdaq.
Sources
8-K, filed Oct 22, 2024
ATLANTA and NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Sharecare, the health tech company that helps to improve care quality, drive better…View ↗
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Jun 21, 2024
Sharecare agreed to be acquired by Altaris
Sources
8-K, filed Jun 21, 2024
On June 21, 2024, Sharecare, Inc. (“Sharecare” or the “Company”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) by…View ↗
Grew. Revenue grew 31% in 4 years, from $339.5M in FY2019 to $445.3M in FY2023, about 7% a year.
From blank-check company to digital health
The earlier report described a blank-check company seeking a business combination and no operations; the current business is a digital health platform serving employers, health plans, providers and people.
10-K for FY2020, filed Mar 30, 2021 10-K for FY2023, filed Mar 29, 2024We are a blank check company incorporated on June 5, 2020 as a Delaware corporation formed for the purpose of effecting a merger, capital…View ↗
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