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Stock impact report

DocGo Announces Third Quarter 2024 Results [Yahoo! Finance]

DocGo Inc. (DCGO) 
Company Research Source: Yahoo! Finance
Management to Host Conference Call and Webcast Today at 5:00 PM Eastern Time NEW YORK, November 07, 2024 BUSINESS WIRE )--DocGo Inc. (Nasdaq: DCGO) ("DocGo" or the "Company"), a leading provider of technology-enabled mobile health services, today announced financial and operating results for the quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Total revenue for the third quarter of 2024 was $138.7 million, compared to $186.6 million in the third quarter of 2023, a decrease of 26%. The decline was primarily due to the planned wind down of migrant-related programs. For the first nine months of 2024, total revenue was $495.7 million, compared to $425.0 for the first nine months of 2023, an increase of 17%. GAAP gross margin (which includes non-cash depreciation expenses) for the third quarter of 2024 was 33.0%, compared to 27.2% in the third quarter of 2023. Adjusted gross margin for the third quarter of 2024 was 36.0%, compared to 29.5% in the third q Show less Read more
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