CorVel Q2 revenue up 12% to $177M; EPS $0.83 vs $0.88 YoY

CORVEL CORP

2022-Q2 EPS reported $1.77 revenue$353,733,000

Revenue $177M for quarter ended Sep 30, 2022, up from $158M YoY; six-month revenue $354M vs $310M.
EPS $0.83 for quarter ($1.77 six months) down from $0.88 ($1.81 prior year) due to continued investment.
Invested in CERiS platform, SaaS R&D, and new payment integrity services; implemented workflow management and automated medical record review.
Achieved 97% customer retention rate; management expects labor market challenges to ease.
No guidance provided; company cites proactive hiring and retention to offset Great Resignation impacts.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CORVEL CORP reported the quarter ended September 30, 2022 results: revenue $177 million, EPS $0.83.

Period: the quarter ended September 30, 2022
Revenue: $177 million
EPS: $0.83
Result: reported results

Exact text from the filing

CorVel Corporation (NASDAQ: CRVL) announced the results for the quarter ended September 30, 2022. Revenues for the quarter were $177 million, an increase from $158 million in the same quarter of the previous year. Earnings per share for the quarter were $0.83, compared to $0.88 in the same quarter of the prior year.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CORVEL CORP reported the six months ended September 30, 2022 results: revenue $354 million, EPS $1.77.

Period: the six months ended September 30, 2022
Revenue: $354 million
EPS: $1.77
Result: reported results

Exact text from the filing

Revenues for the six months ended September 30, 2022 were $354 million, compared to $310 million for the six months ended September 30, 2021. Earnings per share for the six months ended September 30, 2022 were $1.77, compared to $1.81 for the six months ended September 30, 2021.

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Source: SEC EDGAR

accession 0000950170-22-020665

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