ModivCare Inc (MODV) Reports Mixed 2023 Financial Results and Provides 2024 Outlook [Yahoo! Finance]
ModivCare Inc. (MODV)
Company Research
Source: Yahoo! Finance
Net Loss : Reported a net loss of $204.5 million, or $14.43 per diluted common share for the full year. Adjusted EBITDA : Achieved $204.4 million in adjusted EBITDA, reflecting operational challenges. Cash Flow Concerns : Negative free cash flow of $125.3 million in 2023, with net cash used in operating activities of $83.0 million. Contract Wins : Secured $463.5 million of NEMT TCV and $10.6 million in ACV for remote patient monitoring in 2023. 2024 Guidance : Revenue projected between $2.7 billion and $2.9 billion, with adjusted EBITDA of $190 million to $210 million. Warning! GuruFocus has detected 4 Warning Signs with MODV. On February 22, 2024, ModivCare Inc ( NASDAQ:MODV ), a leading technology-enabled healthcare services company, released its 8-K filing , detailing the financial results for the fourth quarter and full year ended December 31, 2023. The company, known for its non-emergency medical transportation (NEMT), personal care, and remote patient monitoring sol
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MODV
News
- Modivcare Reports First Quarter 2024 Financial Results; Maintains Guidance [Yahoo! Finance]Yahoo! Finance
- Modivcare Reports First Quarter 2024 Financial Results; Maintains GuidanceBusiness Wire
- Modivcare to Report First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Modivcare to Report First Quarter 2024 Financial ResultsBusiness Wire
- The past three years for ModivCare (NASDAQ:MODV) investors has not been profitable [Yahoo! Finance]Yahoo! Finance
MODV
Earnings
- 5/2/24 - Miss
MODV
Sec Filings
- 5/3/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/30/24 - Form DEFA14A
- MODV's page on the SEC website