RTTNews | Aug 13, 2021 11:51AM EDT

11:50 Friday, August 13, 2021 (RTTNews.com) - Florida-based healthcare company, UpHealth, Inc. (UPH), is trading 8% higher in the market on Friday after reporting its second-quarter results. The company reported a net loss that widened to $32.78 million or $0.35 loss per share, from $0.33 million or $0.01 loss per share last year. On an adjusted basis, the net loss was $36.18 million. The revenue for the quarter was $31.88 million. Due to the timing of the various business combinations, there are no previous year revenues for comparison. Excluding special items, the revenue was $39.20 million. UpHealth said that the company served 15.5 million digital clinics worldwide in the second quarter, up from 4.5 million last year. After plummeting 20% in the last five days, the shares have recovered to some extent since the earnings call. The shares are currently trading at $5.44, up $0.39 or 7.72% from their previous close at $5.05. The stock opened at $4.98 and in the 52-week period, the shares have ranged between $4.80 and $12.12

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