secwatch.observer — SEC 8-K summary
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Issuer:     InnovAge Holding Corp. (INNV)
CIK:        0001834376
Form:       8-K
Filed at:   2023-02-07T23:59:59+00:00
Accession:  0001558370-23-000971
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

InnovAge Q2 FY2023 net loss $10.5M; revenue down 4.5%, Adjusted EBITDA negative $2.0M
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- Net loss of $10.5M ($0.07 loss per share) vs net income of $1.1M in Q2 FY2022.
- Revenue $167.5M, down 4.5% YoY; participant census fell to ~6,460 from 7,050.
- Adjusted EBITDA negative $2.0M, down from $14.8M; margin negative 1.2%.
- Center-level Contribution Margin $22.6M, down 45.4% YoY; margin 13.5% vs 23.6%.
- Ended quarter with $99.5M cash and $84.6M in debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1834376/000155837023000971/0001558370-23-000971-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1834376/000155837023000971/tmb-20230207x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-000971

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