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Earnings Call Summary | InnovAge Holding(INNV.US) Q3 2024 Earnings Conference

Earnings Call Summary | InnovAge Holding(INNV.US) Q3 2024 Earnings Conference

業績電話會議摘要 | InnovAge Holding (INNV.US) 2024 年第三季度業績發佈會
富途資訊 ·  05/13 01:59  · 電話會議

The following is a summary of the InnovAge Holding Corp. (INNV) Q3 2024 Earnings Call Transcript:

以下是Innovage Holding Corp.(INNV)2024年第三季度業績電話會議記錄的摘要:

Financial Performance:

財務業績:

  • InnovAge reported Q3 revenue of $193.1 million, a growth of 2.2% over the last quarter, primarily due to an increase in member months and Medicare capitation rates.

  • The center-level contribution margin was $34 million, representing a 17.6% margin.

  • External provider costs dropped by 1% to $100 million due to lower permanent nursing facilities' utilization.

  • The company's net loss increased to $5.9 million from $3.8 million in the previous quarter.

  • InnovAge ended the quarter with a strong liquidity position, having $54.1 million in cash and cash equivalents and $45.2 million in short-term investments and held $81.3 million in total debt.

  • InnovAge公佈的第三季度收入爲1.931億美元,比上個季度增長2.2%,這主要是由於會員月數和醫療保險人均率的增加。

  • 中心層面的捐款利潤率爲3,400萬美元,利潤率爲17.6%。

  • 由於永久護理設施的利用率降低,外部提供者的成本下降了1%,至1億美元。

  • 該公司的淨虧損從上一季度的380萬美元增加到590萬美元。

  • InnovAge在本季度末的流動性狀況良好,擁有5,410萬美元的現金及現金等價物和4,520萬美元的短期投資,總債務爲8,130萬美元。

Business Progress:

業務進展:

  • The company experienced a 0.7% QoQ growth in participants, totaling around 6,820 across 19 centers.

  • Improvements in managing external medical costs led to a decrease in participant expense PMPM.

  • InnovAge piloted a new end-of-life comfort care program in Denver, reducing external spend by 43%.

  • Despite some enrollment delays and staffing issues, InnovAge saw a sequential increase in qualified leads by 10% and has become operational in new locations like Orlando.

  • The company reaffirms 2024 fiscal year guidance with anticipated participant range from 6,800 to 7,400, expected revenue between $725 million to $775 million, and adjusted EBITDA in the $12 million to $18 million range.

  • 該公司的參與者人數環比增長了0.7%,19箇中心的參與者總數約爲6,820人。

  • 外部醫療費用管理的改善導致參與者支出PMPM的減少。

  • Innovage在丹佛試行了一項新的臨終舒適護理計劃,將外部支出減少了43%。

  • 儘管存在一些招生延遲和人員配備問題,但Innovage的合格潛在客戶連續增長了10%,並已在奧蘭多等新地點投入運營。

  • 該公司重申了2024財年的指導方針,預計參與者範圍爲6,800至7,400人,預期收入在7.25億美元至7.75億美元之間,調整後的息稅折舊攤銷前利潤在1,200萬美元至1,800萬美元之間。

More details: InnovAge Holding IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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譯文內容由第三人軟體翻譯。


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