secwatch.observer — SEC 8-K summary
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Issuer:     InnovAge Holding Corp. (INNV)
CIK:        0001834376
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001834376-24-000021
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

InnovAge reports Q3 fiscal 2024 revenue up 12% YoY to $193.1M; net loss narrows to $0.04 EPS
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- Total revenue $193.1M, up 11.9% YoY from $172.5M; participant census 6,820 vs 6,310 (+8%).
- Net loss $6.2M vs $7.3M YoY; loss per share ($0.04) vs ($0.05), improvement of $0.01.
- Center-level contribution margin $34.0M, up 18.1% YoY; margin rate 17.6% vs 16.7%.
- Adjusted EBITDA $3.6M vs $3.8M YoY; margin 1.9% vs 2.2%, slight decrease.
- Cash & short-term investments $99.3M, debt $81.3M; ended Q3 with $54.1M cash + $45.2M ST investments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1834376/000183437624000021/0001834376-24-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1834376/000183437624000021/innv-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001834376-24-000021

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