secwatch.observer — SEC 8-K summary
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Issuer:     DocGo Inc. (DCGO)
CIK:        0001822359
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0001213900-22-069776
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822359/000121390022069776/0001213900-22-069776-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822359/000121390022069776/ea168126-8k_docgoinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-069776

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