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Stock impact report

DocGo Inc (DCGO) Q3 2024 Earnings Call Highlights: Navigating Revenue Decline with Strategic ... [Yahoo! Finance]

DocGo Inc. (DCGO) 
Company Research Source: Yahoo! Finance
Net Income: $4.5 million in Q3 2024, compared to $4.6 million in Q3 2023. Gross Margin: 33% in Q3 2024, up from 27.2% in Q3 2023. Adjusted Gross Margin: 36% in Q3 2024, compared to 29.5% in Q3 2023. Cash and Cash Equivalents: $108.6 million as of September 30, 2024, up from $85.8 million at the end of Q2 2024. Cash Flow from Operations: Approximately $31 million generated in Q3 2024. Mobile Health Revenue: $90.7 million in Q3 2024, down 35% from Q3 2023. Transportation Services Revenue: $48 million in Q3 2024, a 2% increase from Q3 2023. 2024 Revenue Guidance: $620 million to $630 million. 2024 Adjusted EBITDA Guidance: $70 million to $75 million. 2024 Cash Flow from Operations Guidance: $90 million to $100 million. 2025 Revenue Guidance: $410 million to $450 million. Warning! GuruFocus has detected 3 Warning Signs with DCGO. Release Date: November 07, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Show less Read more
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