ModivCare reports Q4 2024 net loss of $23.5M, appoints two new board members, amends credit agreement

ModivCare Inc

Q4 2024 service revenue $702.8M (flat YoY); net loss $23.5M ($1.64 loss per diluted share).
Adjusted EPS of $0.19; full-year 2024 net loss $201.3M ($14.14 loss per diluted share).
Board appoints Alec Cunningham (former WellCare CEO) and David Mounts Gonzales (AI Catalyst Fund partner) effective March 7, 2025.
Credit agreement amended in early 2025: covenant holiday Q4 2024 through Q2 2025; $75M incremental term loan issued.
Full-year revenue $2,787.6M (+1.3% YoY); adjusted EBITDA $161.1M; free cash flow negative $34.0M.

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Executive movements

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

Appointed

David Mounts Gonzales

Director

ModivCare Inc

Effective: 2025-03-07
Filed: March 6, 2025, 6:59 PM ET

On March 6, 2025, the board of directors (the “Board”) of the Company appointed Alec Cunningham and David Mounts Gonzales as members of the Board, effective March 7, 2025.

Appointed

Alec Cunningham

Director

ModivCare Inc

Effective: 2025-03-07
Filed: March 6, 2025, 6:59 PM ET

On March 6, 2025, the board of directors (the “Board”) of the Company appointed Alec Cunningham and David Mounts Gonzales as members of the Board, effective March 7, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

David Mounts Gonzales was appointed as Director at ModivCare Inc.

Action: appointed
Role: Director

Exact text from the filing

On March 6, 2025, the board of directors (the “Board”) of the Company appointed Alec Cunningham and David Mounts Gonzales as members of the Board, effective March 7, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Alec Cunningham was appointed as Director at ModivCare Inc.

Action: appointed
Role: Director

Exact text from the filing

On March 6, 2025, the board of directors (the “Board”) of the Company appointed Alec Cunningham and David Mounts Gonzales as members of the Board, effective March 7, 2025.

View on SEC.gov

Source: SEC EDGAR

accession 0001220754-25-000005

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