InnovAge Q3 FY2023 revenue down 2.7% to $172.5M; net loss widens to $0.05/share

InnovAge Holding Corp.

2023-Q3 EPS reported -$0.22 revenue$511,213,000

Total revenue $172.5M, down 2.7% YoY; participant census fell to 6,310 from 6,800.
Net loss of $7.3M ($0.05/share) vs loss of $3.2M ($0.02/share) in prior-year quarter.
Adjusted EBITDA improved to $3.8M from $1.9M; margin 2.2% vs 1.1%.
Ended quarter with $121.7M cash, $89.1M debt; released from Sacramento sanction on May 1.
Center-level contribution margin $28.8M, up 2.8% YoY; as % of revenue improved to 16.7%.

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 0.9

InnovAge Holding Corp. reported the fiscal third quarter ended March 31, 2023 results: revenue $172.5 million, net income $7.3 million, EPS loss of $0.05 per share.

Period: the fiscal third quarter ended March 31, 2023
Revenue: $172.5 million
Net income: $7.3 million
EPS: loss of $0.05 per share
Result: reported results

Exact text from the filing

Adjusted EBITDA (1) $ 3,789 $ 1,931 $ (1,977) $ 34,895 Adjusted EBITDA margin (1) 2.2 % 1.1 % (0.4) % 6.6 % Fiscal Third Quarter 2023 Financial Performance • Total revenue of $172.5 million, decreased approximately 2.7% compared to $177.4 million in the third quarter of fiscal 2022 • Center-level Contribution Margin (1) of $28.8 million, increased 2.8% compared to

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Source: SEC EDGAR

accession 0001834376-23-000007

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