DocGo Q1 revenue $117.9M (up 137% YoY), net income $9.4M vs loss; reaffirms FY22 guidance $400-420M

DocGo Inc.

2022-Q1 EPS reported $0.09 revenue$117,891,552

Q1 revenue $117.9M (up 137% YoY); net income $9.4M vs net loss $2.0M in Q1 2021.
Adjusted EBITDA $13.6M vs $0.4M a year ago; Mobile Health revenue $90.1M, Medical Transport $27.8M.
Covid testing revenue ~$38M (32% of total), down from 41% in Q4 2021 as transition to non-Covid services.
FY2022 revenue guidance reaffirmed at $400-420M (25-32% growth); Adjusted EBITDA guidance $35-41M.
Hired Lee Bienstock as COO from Google; new contract with Aetna; launched EV ambulance initiative.

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