DocGo Q2 revenue $125.5M, raises FY2023 revenue guidance to $540-550M

DocGo Inc.

2023-Q2 EPS reported -$0.05 revenue$238,489,463

Total revenue $125.5M, up 15% sequentially; net income $1.3M vs net loss $3.9M in Q1.
Excluding mass COVID-testing (under $1M), core revenue grew 53% YoY.
FY2023 revenue guidance raised to $540-550M, Adjusted EBITDA guidance to $48-53M.
Backlog increased to $325M from $205M as of May 8, driven by Mobile Health wins.
Cash $123.8M, no material debt, $90M undrawn credit line.

item 2.02 item 9.01

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 quarter ended June 30, 2023 results: revenue $125.5 million, net income $1.3 million. Guidance raised.

Period: the quarter ended June 30, 2023
Revenue: $125.5 million
Net income: $1.3 million
Guidance: raised
Result: reported results

Exact text from the filing

services today announced financial and operating results for the quarter ended June 30, 2023. Q2 2023 Financial Highlights ● Total revenue for the second quarter of 2023 was $125.5 million, up from $113.0 million in the first quarter of 2023 and $109.5 million in the second quarter of 2022. Mass COVID-testing revenues during each of the first two quarters of 2023

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Source: SEC EDGAR

accession 0001213900-23-064067

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