secwatch.observer — SEC 8-K summary
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Issuer:     InnovAge Holding Corp. (INNV)
CIK:        0001834376
Form:       8-K
Filed at:   2022-09-13T23:59:59+00:00
Accession:  0001558370-22-014364
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1834376/000155837022014364/0001558370-22-014364-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1834376/000155837022014364/tmb-20220913x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-014364

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer