InnovAge Q1 revenue up 6.6% to $182.5M; adjusted EBITDA turns positive at $2.2M

InnovAge Holding Corp.

2024-Q1 EPS reported -$0.08 revenue$182,485,000

Total revenue $182.5M, up 6.6% YoY; net loss narrowed to $11.0M from $13.7M.
Adjusted EBITDA of $2.2M vs -$3.8M in prior year; adjusted EBITDA margin 1.2%.
Center-level contribution margin $27.9M (+30.1% YoY); margin improved to 15.3% from 12.5%.
Census ~6,580 participants, up slightly from 6,540; cash & short-term investments $135.2M.
Net loss per share $0.08 vs $0.10; management cites continued improvement and momentum.

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 first quarter ended September 30, 2023 results: revenue $182,485, net income Net loss of $11.0 million, EPS Net loss per share - basic and diluted $0.08.

Period: the fiscal first quarter ended September 30, 2023
Revenue: $182,485
Net income: Net loss of $11.0 million
EPS: Net loss per share - basic and diluted $0.08
Result: reported results

Exact text from the filing

enable us to return to normalized margins.” Financial Results Three Months Ended September 30, 2023 2022 in thousands, except percentages and per share amounts Total revenues $ 182,485 $ 171,218 Loss Before Income Taxes 10,736 17,169 Net Loss 10,962 13,699 Net Loss margin 6.0 % 8.0 % Net Loss Attributable to InnovAge Holding Corp. 10,304 13,073 Net Loss per

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Source: SEC EDGAR

accession 0001834376-23-000025

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