8-K filed November 7, 2022, 6:59 PM ET ticker DCGO CIK 0001822359

earnings confidence high sentiment positive materiality 0.75

DocGo Q3 revenue $104.3M (+22% YoY), net income up 213%; raises FY guidance, CEO retiring

DocGo Inc.

2022-Q3 EPS reported $0.24 revenue$331,730,750

Q3 revenue $104.3M (up 22% YoY); net income $2.5M vs $0.8M (up 213%); adj. EBITDA $8.4M vs $4.0M (up 110%).
FY2022 revenue guidance raised to $430-440M (prior $425-435M); adj. EBITDA guidance raised to $41-46M (prior $40-45M).
Co-founder & CEO Stan Vashovsky retiring Dec 31, 2022; President Anthony Capone appointed as new CEO, effective same date.
Mobile Health revenue $76.6M (+12.9%); Transportation revenue $27.7M (+55%). Cash $179.4M plus undrawn $90M Citi credit line.
Mass COVID testing fell to mid-single-digit % of revenue vs 35% in Q3 2021; last contracts ended September 2022.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Stan Vashovsky

Chief Executive Officer

DCGO · DocGo Inc.

Effective: 2022-12-31
Successor: Anthony Capone
Filed: November 7, 2022, 6:59 PM ET

Stan Vashovsky notified the Board of Directors of the Company (the “Board”) that he intends to retire from the Company and step down as the Company’s Chief Executive Officer, director and Chairman of the Board, effective as of December 31, 2022

Role change

Anthony Capone

Chief Executive Officer

DCGO · DocGo Inc.

Effective: 2022-12-31
Filed: November 7, 2022, 6:59 PM ET

the Board appointed Anthony Capone, the Company’s current President, to succeed Mr. Vashovsky as the Chief Executive Officer of the Company, effective upon the Effective Time.

Appointed

Ira Smedra

Chairman of the Board

DCGO · DocGo Inc.

Effective: 2022-12-31
Filed: November 7, 2022, 6:59 PM ET

the Board also appointed Ira Smedra, an independent Class I director of the Board, to succeed Mr. Vashovsky as Chairman of the Board, effective upon the Effective Time.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DocGo Inc. reported the third quarter ending September 30, 2022 results: revenue $104.3 million, net income $2.5 million. Guidance raised.

Period: the third quarter ending September 30, 2022
Revenue: $104.3 million
Net income: $2.5 million
Guidance: raised
Result: reported results

Exact text from the filing

2022) --- EX-99.1 2 ea168126ex99-1_docgoinc.htm PRESS RELEASE OF DOCGO INC. DATED NOVEMBER 7, 2022 Exhibit 99.1 DocGo Announces Strong Third Quarter 2022 Results Q3 Revenue of $104.3 Million Up 22% Year-Over-Year; Company Raises Full-Year 2022 Revenue and Adjusted EBITDA Guidance Co-founder and CEO Stan Vashovsky announces his retirement effective December 31st;

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Stan Vashovsky retired as Chief Executive Officer at DocGo Inc..

Action: retired
Role: Chief Executive Officer

Exact text from the filing

Stan Vashovsky notified the Board of Directors of the Company (the “Board”) that he intends to retire from the Company and step down as the Company’s Chief Executive Officer, director and Chairman of the Board, effective as of December 31, 2022

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Anthony Capone was appointed as Chief Executive Officer at DocGo Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

the Board appointed Anthony Capone, the Company’s current President, to succeed Mr. Vashovsky as the Chief Executive Officer of the Company, effective upon the Effective Time.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ira Smedra was appointed as Chairman of the Board at DocGo Inc..

Action: appointed
Role: Chairman of the Board

Exact text from the filing

the Board also appointed Ira Smedra, an independent Class I director of the Board, to succeed Mr. Vashovsky as Chairman of the Board, effective upon the Effective Time.

View on SEC.gov

168 earnings releases filed in the last 30 days. Browse all earnings releases →

DocGo Inc. filing history →

Source: SEC EDGAR

accession 0001213900-22-069776

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