InnovAge Q1 revenue $173.1M (+13.4% YoY); net income $7.6M, EPS $0.06 vs loss $0.41

InnovAge Holding Corp.

2022-Q1 EPS reported $0.06 revenue$173,070,000

Total revenues $173.1M, up 13.4% from $152.6M in Q1 fiscal 2021.
Net income $7.6M vs net loss $49.8M; diluted EPS $0.06 vs ($0.41) YoY.
Adjusted EBITDA $18.2M (10.5% margin) vs $23.1M (15.1%) last year.
Census ~6,990 participants, up 7.2% YoY; FY2022 guidance reaffirmed: revenue $712-725M, adj EBITDA $60-72M.
Digital referrals up 65% QoQ; 89% of participants and 98% of employees vaccinated for COVID-19.

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