CorVel Q1 FY2022 EPS $0.92 vs $0.46 YoY; revenue $153M up 18%

CORVEL CORP

2022-Q1 EPS reported $0.92 revenue$152,620,000

EPS $0.92 vs $0.46 in prior-year quarter; net income doubled YoY.
Revenue $153M, up from $130M a year ago (+18%).
Cash balance $139M, up $45M from June 30, 2020.
Company cites resumption of medical procedures, higher claims and bill volumes, and demand for managed care driving growth.
Building telehealth operations and analytic tools to improve outcomes.

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