secwatch.observer — SEC 8-K summary
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Issuer:     InnovAge Holding Corp. (INNV)
CIK:        0001834376
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001834376-23-000025
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1834376/000183437623000025/0001834376-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1834376/000183437623000025/innv-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001834376-23-000025

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