DocGo FY2022 revenue $440.5M (+38% YoY); guides 2023 revenue $500-$510M, Adj. EBITDA $45-50M

DocGo Inc.

Full-year 2022 revenue $440.5M, up 38% YoY; net income $30.7M (+60%); Adjusted EBITDA $41.3M (+65%).
Q4 revenue $108.8M vs $121.3M (Q4 2021 had $50M COVID revenue); transport revenue up 98% to $37M.
2023 guidance: revenue $500-510M (14-16% as-reported, 36-40% ex-COVID); Adj. EBITDA $45-50M; gross margin ~35%.
Backlog of $180M over three years; 34 active RFPs totaling over $1B; $90M Citibank credit line unused.
Since Jan 2023, awarded over $180M in new business across US and UK, including health system contracts; hiring hundreds, adding 100+ vehicles.

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 fourth quarter ended December 31, 2022 results: revenue $108.8 million, net income $7.1 million.

Period: the fourth quarter ended December 31, 2022
Revenue: $108.8 million
Net income: $7.1 million
Result: reported results

Exact text from the filing

Total Q4 2022 revenue was $108.8 million, which includes approximately $1 million of COVID testing revenue, compared to $121.3 million in Q4 2021

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DocGo Inc. reported the year ended December 31, 2022 results: revenue $440.5 million, net income $30.7 million.

Period: the year ended December 31, 2022
Revenue: $440.5 million
Net income: $30.7 million
Result: reported results

Exact text from the filing

PRESS RELEASE OF DOCGO INC. DATED MARCH 13, 2023 ANNOUNCING EARNINGS RELEASE Exhibit 99.1 DocGo Announces Fourth Quarter and Full-Year 2022 Results 2022 Revenue Increased to $440.5 Million, Versus $318.7 Million in 2021, an Increase of 38% Full Year Revenue up 75% Year-Over-Year Excluding Mass Covid Testing Company introduces Full-Year 2023 Revenue and Adjusted

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DocGo Inc. updated its Full-Year 2023 guidance (initiated).

Period: Full-Year 2023
Guidance: initiated
Result: guidance update

Exact text from the filing

Company introduces Full-Year 2023 Revenue and Adjusted EBITDA 1 Guidance of $500-$510 million and $45-$50 million, respectively

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 0001213900-23-019594

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