InnovAge Q2 revenue up 12.8% to $188.9M; net loss narrows to $3.8M from $10.5M

InnovAge Holding Corp.

2024-Q2 EPS reported -$0.10 revenue$371,382,000

Revenue $188.9M (+12.8% YoY); participant census 6,780 (+320).
Net loss of $3.8M ($0.03 loss per share) vs $10.5M ($0.07) loss a year ago.
Adjusted EBITDA turned positive to $7.8M from -$2.0M; margin 4.1% vs -1.2%.
Center-level contribution margin $33.6M (17.8% of revenue) vs $22.6M (13.5%).
Ended quarter with $98.8M cash & investments and $83.7M debt.

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 0.95

InnovAge Holding Corp. reported the second fiscal quarter ended December 31, 2023 results: revenue $188,898, net income Net Loss $(3,821), EPS Net Loss per share - basic and diluted $(0.03).

Period: the second fiscal quarter ended December 31, 2023
Revenue: $188,898
Net income: Net Loss $(3,821)
EPS: Net Loss per share - basic and diluted $(0.03)
Result: reported results

Exact text from the filing

Financial Results Three Months Ended December 31, Six Months Ended December 31, 2023 2022 2023 2022 in thousands, except percentages and per share amounts Total revenues $ 188,898 $ 167,456 $ 371,382 $ 338,674 Loss Before Income Taxes (3,728) (13,459) (14,464) (30,630) Net Loss (3,821) (10,547) (14,783) (24,247) Net Loss margin (2.0) % (6.3) % (4.0) % (7.2)

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Source: SEC EDGAR

accession 0001834376-24-000007

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