LifeWallet, operating under MSP Recovery Inc. (LIFWW), is a healthcare recovery and data analytics company based in the United States and Puerto Rico. They provide services related to claims recovery and offer LifeWallet, a data ecosystem platform with various applications for hospitals, medical providers, laboratories, and government entities.

**Key Products and Services:**

* **Claims Recovery Services:** Assisting entities in pursuing claims recovery rights.

* **LifeWallet EHR:** Electronic health record storage for healthcare organizations.

* **Chase to Pay:** Real-time analytics platform for identifying primary payers.

* **LifeChain:** (In development) Tokenization of healthcare claims and records using blockchain technology.

* **LifeWallet 911:** (In development) Platform for emergency service organizations.

* **LifeWallet Legal, Health, Sports:** Tailored platforms for specific industries.

Analyzing LifeWallet's recent financial data reveals key insights into the company's performance and potential areas of growth.

Revenue and Net Income

Balance Sheet Highlights

* **Total Assets:** Show a decreasing trend from $3.55 billion in Q1 2023 to $3.04 billion in Q1 2024.

* **Total Liabilities:** Have decreased from $1.54 billion in Q1 2023 to $1.79 billion in Q1 2024.

* **Long-Term Debt:** Stands at $705.35 million as of Q1 2024.

* **Cash and Cash Equivalents:** $11.97 million as of Q1 2024.

Key Takeaways and Future Outlook

LifeWallet is in a phase of development and expansion, as indicated by its investments in new technologies like LifeChain and LifeWallet 911. However, the company is currently experiencing net losses, which require careful management of expenses and a focus on revenue generation.

"**Fun Fact:** LifeWallet's parent company, MSP Recovery Inc., went public via a SPAC merger in June 2022. SPACs (Special Purpose Acquisition Companies) have become a popular way for companies to go public in recent years."