secwatch.observer — SEC 8-K summary
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Issuer:     InnovAge Holding Corp. (INNV)
CIK:        0001834376
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001558370-22-008116
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

InnovAge Q3 revenue up 13.5% to $177.4M; net loss narrows but adjusted EBITDA drops 90%
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- Net loss $3.2M, EPS -$0.02 diluted vs -$0.09 a year ago; adjusted EBITDA $1.9M vs $20.3M.
- Center-level contribution margin fell 32.3% to $28.0M; margin rate down 10.7 ppt to 15.8%.
- Census ~6,800 participants, up 2.1% YoY; revenue growth driven by higher per-member rates.
- CMO Dr. Melissa Welch leaving mid-June; Dr. Ann M. Wells named interim CMO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1834376/000155837022008116/0001558370-22-008116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1834376/000155837022008116/tmb-20220510x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-008116

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