secwatch.observer — SEC 8-K summary
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Issuer:     ModivCare Inc (—)
CIK:        0001220754
Form:       8-K
Filed at:   2025-03-06T23:59:59+00:00
Accession:  0001220754-25-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1220754/000122075425000005/0001220754-25-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1220754/000122075425000005/prsc-20250306.htm
  HTML page:      https://secwatch.observer/filing/0001220754-25-000005

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