secwatch.observer — SEC 8-K summary
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Issuer:     InnovAge Holding Corp. (INNV)
CIK:        0001834376
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001834376-24-000007
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1834376/000183437624000007/0001834376-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1834376/000183437624000007/innv-20240206.htm
  HTML page:      https://secwatch.observer/filing/0001834376-24-000007

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