InnovAge Q1 FY23 net loss of $13.7M vs prior-year profit; revenue down 1.1%

InnovAge Holding Corp.

2023-Q1 EPS reported -$0.10 revenue$171,218,000

Total revenue $171.2M (-1.1% YoY); net loss $13.7M vs net income $7.6M in prior year.
GAAP diluted EPS -$0.10 vs +$0.06; adjusted EBITDA -$3.8M vs +$18.2M.
Center-level Contribution Margin $21.4M (12.5% of revenue) vs $42.3M (24.5%) a year ago.
Participant census 6,540, down 6.4% from 6,990 in Q1 FY22.
Cash and equivalents $188.2M; debt $84.8M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

InnovAge Holding Corp. reported the fiscal quarter ended September 30, 2022 results: revenue $171,218 thousand, net income $ (13,699) thousand, EPS $ (0.10) per share - basic and diluted.

Period: the fiscal quarter ended September 30, 2022
Revenue: $171,218 thousand
Net income: $ (13,699) thousand
EPS: $ (0.10) per share - basic and diluted
Result: reported results

Exact text from the filing

Adjusted EBITDA (1) $ (3,815) $ 18,212 Adjusted EBITDA margin (1) (2.2) % 10.5 % Fiscal First Quarter 2023 Financial Performance ● Total revenue of $171.2 million, decreased approximately 1.1% compared to $173.1 million in the first quarter of fiscal 2022 ● Center-level Contribution Margin (1) of $21.4 million, decreased 49.4% compared to

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Source: SEC EDGAR

accession 0001558370-22-016862

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