Modivcare Reports Third Quarter 2024 Financial Results; Affirms 2024 Guidance
ModivCare Inc. (MODV)
Company Research
Source: Business Wire
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 health outcomes, today reported financial results for the three and nine months ended September 30, 2024.Third Quarter 2024 Summary:Service revenue of $702.0 million increased 2.2% from the third quarter of 2023Net loss of $26.6 million, or negative $1.87 per diluted common shareAdjusted EBITDA(1) of $43.2 million, adjusted net income(1) of $6.4 million and adjusted EPS(1) of $0.45 per diluted common shareCash provided by operating activities during the quarter of $9.3 million and free cash flow(2) of $1.5 millionContract receivables, net of contract payables, of $63.1 million as of September 30, 2024______________________________(1)Non-GAAP financial measure reconciliations and other related information about non-GAAP financial measures provided below.(2)Free ca
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MODV
Earnings
- 11/6/24 - Miss
MODV
Sec Filings
- 11/12/24 - Form 4
- 11/12/24 - Form SC
- 11/12/24 - Form SC
- MODV's page on the SEC website