secwatch.observer — SEC 8-K summary
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Issuer:     InnovAge Holding Corp. (INNV)
CIK:        0001834376
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001558370-22-016862
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1834376/000155837022016862/0001558370-22-016862-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1834376/000155837022016862/tmb-20221108x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-016862

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