secwatch.observer — SEC 8-K summary
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Issuer:     CORVEL CORP (CRVL)
CIK:        0000874866
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0000950170-22-020665
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874866/000095017022020665/0000950170-22-020665-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874866/000095017022020665/crvl-20221101.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-020665

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer