ModivCare Inc. (MODV) Misses Q3 EPS by 1c; Raises FY Revenue Outlook
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Modivcare Reports Third Quarter 2022 Financial Results and Updates 2022 Guidance
November 3, 2022 6:00 AM EDTDENVER--(BUSINESS WIRE)-- Modivcare Inc., (the Company or Modivcare) (Nasdaq: MODV), a technology-enabled healthcare services company that provides a platform of integrated supportive care solutions focused on improving patient outcomes, today reported financial results for the three and nine months ended September 30, 2022.
Third Quarter 2022 Highlights:
Revenue of $647.8 million, a 31.4% increase as compared to $493.1 million in Q3 2021 Net loss of $28.5 million or $2.03 per diluted common share was primarily attributable to a goodwill impairment for Matrix Adjusted EBITDA of $51.8 million, Adjusted Net Income of... More