MODV Q3 2023 Earnings — ModivCare Inc. Revenue & Financial Results | Market Cap Arena

MODVModivCare Inc.

$6M

Q3 2023 Earnings

Healthcare Medical - Care Facilities

Income Statement

Revenue

$687M+6.0% YoY

Gross Profit

$108M15.7% margin

Operating Income

$12M1.8% margin

Net Income

-$4M-0.6% margin

EPS (Diluted)

$-0.30

QoQ Revenue Growth

-1.7%

Cash Flow

Operating Cash Flow

$54M

Free Cash Flow

$45M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.8B

Total Liabilities

$1.6B

Stockholders' Equity

$159M

Cash & Equivalents

$8M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$687M	$648M	+6.0%
Gross Profit	$108M	$113M	-4.9%
Operating Income	$12M	$12M	-3.2%
Net Income	-$4M	-$2M	-109.1%

Revenue Segments

Grant

$7M100%