secwatch.observer — SEC 8-K summary
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Issuer:     DocGo Inc. (DCGO)
CIK:        0001822359
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001822359-24-000043
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DocGo Q1 revenue up 70% to $192.1M; guides FY revenue down to $600-650M on migrant wind-down
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- Net income of $10.6M vs loss of $3.9M YoY; record adjusted EBITDA $24.1M, up 330%.
- Mobile Health revenue $143.9M (+97%); Transportation $48.2M (+20%); gross margin 35.0% vs 28.1%.
- FY 2024 revenue guidance cut to $600-650M (from $720-750M); adjusted EBITDA guidance $65-75M (from $80-85M).
- Base business (non-migrant) expected $280-300M in 2024, targeting >30% growth and >10% EBITDA margin in 2025.
- Repurchased 2.7M shares at avg $3.69 since Jan 30, 2024; $26M remaining in buyback plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822359/000182235924000043/0001822359-24-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822359/000182235924000043/dcgo-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001822359-24-000043

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