MODV Q1 2023 Earnings — ModivCare Inc. Revenue & Financial Results | Market Cap Arena

MODVModivCare Inc.

$6M

Q1 2023 Earnings

Healthcare Medical - Care Facilities

Income Statement

Revenue

$662M+15.3% YoY

Gross Profit

$112M16.9% margin

Operating Income

$8M1.2% margin

Net Income

-$4M-0.6% margin

EPS (Diluted)

$-0.28

QoQ Revenue Growth

+1.3%

Cash Flow

Operating Cash Flow

-$3M

Free Cash Flow

-$16M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$1.9B

Total Liabilities

$1.6B

Stockholders' Equity

$351M

Cash & Equivalents

$13M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$662M	$574M	+15.3%
Gross Profit	$112M	$115M	-2.7%
Operating Income	$8M	$15M	-45.6%
Net Income	-$4M	-$165,000	-2301.2%

Revenue Segments

Grant

$2M100%