DocGo Q1 revenue $113M, net loss $3.9M; reaffirms FY2023 guidance

DocGo Inc.

2023-Q1 EPS reported -$0.03 revenue$113,002,703

Q1 revenue $113.0M, down 4.2% YoY; ex-COVID testing, revenue up 40.2%.
Net loss of $3.9M vs. net income of $9.4M in Q1 2022; Adj. EBITDA $5.6M.
Gross margin 28.1% vs 33.9% YoY; cites startup costs from new project, expects recovery.
Backlog rose to $205M from $180M; active RFPs doubled to ~$1.5B lifetime value.
Reiterates FY2023 revenue guidance $500-$510M and Adj. EBITDA $45-$50M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DocGo Inc. reported quarter ended March 31, 2023 results: revenue $113.0 million, net income Net loss was $3.9 million. Guidance reaffirmed.

Period: quarter ended March 31, 2023
Revenue: $113.0 million
Net income: Net loss was $3.9 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

today announced financial and operating results for the quarter ended March 31, 2023. Q1 2023 Financial Highlights ● Total revenue, net for the first quarter of 2023 was $113.0 million, compared to $117.9 million in the first quarter of 2022, a decrease of 4.2%. Excluding mass COVID testing revenue from both periods, revenue increased 40.2% from year ago

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Source: SEC EDGAR

accession 0001213900-23-037346

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