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InnovAge Announces Financial Results for the Fiscal Third Quarter Ended March 31, 2025
Globenewswire· 2025-05-06 20:05
Core Viewpoint - InnovAge Holding Corp. reported strong revenue growth but faced increased losses in its fiscal third quarter ended March 31, 2025, indicating challenges in cost management despite a growing participant base [2][3]. Financial Results - Total revenues for the third quarter reached $218.1 million, a 13.0% increase from $193.1 million in the same quarter of the previous year [3][22]. - Loss Before Income Taxes was $11.1 million, up 72.6% from a loss of $6.4 million in the prior year [3][22]. - Net loss was $11.1 million, compared to a net loss of $6.2 million in the same quarter of the previous year, with a net loss margin of 5.1%, an increase of 1.9 percentage points [3][22]. - Adjusted EBITDA was $10.8 million, significantly up from $3.0 million in the same quarter of the previous year, with an adjusted EBITDA margin of 4.9% [3][22]. Operational Metrics - The company served approximately 7,530 participants, an increase from 6,820 participants in the same quarter of the previous year [3][10]. - Center-level Contribution Margin was $40.7 million, a 19.9% increase compared to $34.0 million in the same quarter of the previous year [3][22]. Cash and Debt Position - As of March 31, 2025, InnovAge had $60.5 million in cash and cash equivalents and $41.3 million in short-term investments, with total debt of $77.3 million [3][19]. Full Fiscal Year 2025 Financial Guidance - The company expects total revenues for the fiscal year to be between $815 million and $865 million, with adjusted EBITDA projected between $24 million and $31 million [5][6]. Leadership Changes - Dr. Richard Feifer, the Chief Medical Officer, departed the company effective April 25, 2025, to pursue other opportunities [4].
Ensign Group (ENSG) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2025-04-30 01:30
Ensign Group (ENSG) reported $1.17 billion in revenue for the quarter ended March 2025, representing a year- over-year increase of 16.1%. EPS of $1.52 for the same period compares to $1.30 a year ago. The reported revenue represents a surprise of +0.23% over the Zacks Consensus Estimate of $1.17 billion. With the consensus EPS estimate being $1.50, the EPS surprise was +1.33%. Here is how Ensign Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall ...
Alignment Healthcare to Present at the BofA Securities Healthcare Conference
Globenewswire· 2025-04-28 12:00
Company Overview - Alignment Healthcare, Inc. is focused on providing high-quality, low-cost care for its Medicare Advantage members, emphasizing a mission-driven approach to senior care [2] - The company utilizes a customized care model, a 24/7 concierge care team, and proprietary technology named AVA to deliver coordinated care [2] - Alignment Healthcare is based in California and partners with nationally recognized local providers to enhance its service offerings [2] Upcoming Events - Alignment Healthcare will present at the BofA Securities Healthcare Conference on May 14, 2025, at 2:20 p.m. PDT [1] - A webcast and replay of the presentation will be accessible on the company's investor relations website [1]
InnovAge to Announce Fiscal Third Quarter 2025 Financial Results and Host Conference Call Tuesday, May 6, 2025
GlobeNewswire News Room· 2025-04-22 12:00
Core Viewpoint - InnovAge Holding Corp. is set to release its fiscal third quarter financial results for 2025 on May 6, 2025, after market close, followed by a conference call to discuss the results [1]. Group 1: Company Overview - InnovAge is a leader in providing comprehensive healthcare programs for frail, predominantly dual-eligible seniors through the PACE model [3]. - The company's mission focuses on enabling older adults to age independently in their homes while improving care quality and reducing high-cost care utilization [3]. - As of December 31, 2024, InnovAge served approximately 7,480 participants across 20 centers in six states [3]. Group 2: Conference Call Details - A live audio webcast of the conference call will be available on the company's website, with a replay accessible shortly after the call [2]. - Participants are encouraged to join the call fifteen minutes prior to the scheduled start time [2].
Extendicare Announces April 2025 Dividend of C$0.042 per Share
Globenewswire· 2025-04-15 12:00
MARKHAM, Ontario, April 15, 2025 (GLOBE NEWSWIRE) -- Extendicare Inc. ("Extendicare" or the "Company") (TSX: EXE) announced that it has declared a cash dividend of C$0.042 per common share of the Company (the "Common Share") for the month of April 2025, which is payable on May 15, 2025 to shareholders of record at the close of business on April 30, 2025. This dividend is designated as an "eligible dividend" within the meaning of the Income Tax Act (Canada). About Extendicare Extendicare is a leading provide ...
Extendicare Announces March 2025 Dividend of C$0.042 per Share
Globenewswire· 2025-03-17 12:00
Company Overview - Extendicare Inc. is a leading provider of care and services for seniors across Canada, operating under various brands including Extendicare, ParaMed, Extendicare Assist, and SGP Purchasing Network [2] - The company operates a network of 122 long-term care homes, with 51 owned and 71 under management contracts [2] - Extendicare delivers approximately 11.0 million hours of home health care services annually and provides group purchasing services to third parties representing around 146,300 beds across Canada [2] - The company employs approximately 24,000 qualified and dedicated team members focused on delivering high-quality care and services [2] Recent Financial Announcement - Extendicare has declared a cash dividend of C$0.042 per common share for March 2025, payable on April 15, 2025, to shareholders of record as of March 31, 2025 [1]