ModivCare Inc. (MODV) Misses Q1 EPS by 7c; Guides In-Line

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Go back to ModivCare Inc. (MODV) Misses Q1 EPS by 7c; Guides In-Line

Modivcare Reports First Quarter 2023 Financial Results

May 4, 2023 6:00 AM EDT

DENVER--(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 months ended March 31, 2023.

First Quarter 2023 Highlights:

Service revenue of $662.3 million, a 15.3% increase as compared to $574.5 million in Q1 2022 Net loss of $4.0 million or $0.28 per diluted common share Adjusted EBITDA(1) of $50.2 million, adjusted net income(1) of $20.2 million and adjusted EPS(1) of $1.42 per diluted common... More