MODV Q1 2024 Earnings — ModivCare Inc. Revenue & Financial Results | Market Cap Arena

MODVModivCare Inc.

$6M

Q1 2024 Earnings

Healthcare Medical - Care Facilities

Income Statement

Revenue

$684M+3.3% YoY

Gross Profit

$101M14.7% margin

Operating Income

-$3M-0.5% margin

Net Income

-$22M-3.3% margin

EPS (Diluted)

$-1.57

QoQ Revenue Growth

-2.6%

Cash Flow

Operating Cash Flow

$9M

Free Cash Flow

$948,000

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.8B

Total Liabilities

$1.6B

Stockholders' Equity

$136M

Cash & Equivalents

$11M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$684M	$662M	+3.3%
Gross Profit	$101M	$112M	-10.0%
Operating Income	-$3M	$8M	-141.9%
Net Income	-$22M	-$4M	-462.8%

Revenue Segments

Service

$15M52%

Grant

$14M48%