ModivCare Inc. (MODV) Tops Q4 EPS by 55c; Guides FY23

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Go back to ModivCare Inc. (MODV) Tops Q4 EPS by 55c; Guides FY23

Modivcare Reports Fourth Quarter and Full Year 2022 Financial Results; Issues 2023 Guidance

February 23, 2023 6:00 AM EST

DENVER--(BUSINESS WIRE)-- Modivcare Inc. (the Company or Modivcare) (Nasdaq: MODV), a technology-enabled healthcare services company that provides a suite of integrated supportive care solutions focused on improving patient outcomes, today reported financial results for the three months and full year ended December 31, 2022.

Fourth Quarter 2022 Highlights:

Service revenue of $653.9 million, a 14% increase as compared to $575.8 million in the fourth quarter of 2021 Net loss of $6.9 million, or $0.49 per diluted common share Adjusted EBITDA of $59.7 million, adjusted net income of $29.8 million and adjusted... More