secwatch.observer — SEC 8-K summary
======================================

Issuer:     InnovAge Holding Corp. (INNV)
CIK:        0001834376
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001834376-23-000007
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1834376/000183437623000007/0001834376-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1834376/000183437623000007/innv-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001834376-23-000007

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