InnovAge FY2022 revenue $698.6M, net loss $8.0M; no FY2023 guidance

InnovAge Holding Corp.

Total revenue $698.6M (+9.5% YoY); net loss $8.0M vs $44.7M loss prior year.
Adjusted EBITDA $34.3M, down 60% from $85.3M; margin fell to 4.9% from 13.4%.
Census ~6,650 participants, down from ~6,850; center-level contribution margin $135.4M, down 22.2%.
Q4 net loss $13.5M vs $6.3M net income in Q4 2021; adjusted EBITDA -$0.6M vs $19.3M.
No FY2023 guidance due to uncertainty around sanction release timeline.

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