NASDAQ$DCGO

Docgo Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

DocGo's Q3 2022 earnings were released, revealing a 22% year-over-year increase in revenue, reaching $104.3 million. The company also raised its full-year 2022 revenue and adjusted EBITDA guidance. Stan Vashovsky announced his retirement and Anthony Capone was named new CEO.

DocGo reported a strong Q3 2022 with revenue reaching $104.3 million, a 22% increase year-over-year. The company raised its full-year 2022 revenue and adjusted EBITDA guidance. CEO Stan Vashovsky announced his retirement effective December 31st, with Anthony Capone named as the new CEO.

  • Q3 revenue reached $104.3 million, up 22% year-over-year.
  • Full-year 2022 revenue and adjusted EBITDA guidance were raised.
  • Cash and equivalents totaled $179.4 million as of September 30th.
  • Stan Vashovsky will retire as CEO on December 31st and Anthony Capone named as new CEO.

Headline financials

Total Revenue

$104M

Previous: $85.8M+21.5%
EPS (adj)

$0.03

Previous: $0.06-47.3%
Capital Expenditures

-$1.99M

Previous: $243K-919.9%
Free Cash Flow

$472K

Previous: -$427K+210.7%
Net Income

$2.47M

Previous: $3.51M-29.7%
Operating Income

$4.2M

Previous: $1.52M+176.4%
Gross Profit

$101M

Previous: $25.8M+292.5%
Cash & Equivalents

$170M

Previous: $59.3K+285809.7%
Total Assets

$356M

Previous: $115M+208.7%
Stock-Based Comp

$1.11M

No prior period

Revenue & EPS history

Docgo · Revenue · Quarterly

$104M

Q3 2022+21.5%vs Q3 2021
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Revenue by segment

Docgo · $187M total across 2 segments · Q3 2023

  • Mobile Health Services
    $139M
  • Transportation Services
    $47.2M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

+1.9%

Avg return

Earnings day

+2.0%

Avg return

5 days after

-1.6%

Avg return

30 days after

57%

12 / 21 earnings

Positive

+32.3%

Q2 2021

Best reaction

-40.4%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.3%+0.2%-2.6%
Q4 2025+17.7%+4.0%-9.7%
Q3 2025+0.0%-3.6%-15.3%
Q1 2025-40.4%-39.9%-34.3%
Q4 2024-21.2%-22.4%-32.7%
Q3 2024+9.6%+14.0%+11.8%
Q2 2024+18.2%+7.8%+18.2%
Q1 2024-13.5%-11.2%-12.6%
Q4 2023+4.1%+0.3%+3.3%
Q3 2023+1.2%-5.3%-9.3%
Q2 2023+13.9%+12.1%-15.6%
Q1 2023+5.2%+2.4%+11.3%
Q4 2022-1.5%-4.9%-4.7%
Q3 2022-7.7%-5.1%-19.8%
Q2 2022+4.1%+16.9%+11.5%
Q1 2022-0.8%-7.3%+16.7%
Q2 2021+32.3%+48.9%+36.2%
Q4 2021+13.2%+39.2%+29.7%
Q3 2021+4.0%-2.2%-15.9%
Q1 2021-0.4%-0.4%-0.1%
Q4 2020-0.8%-0.5%+0.3%
Q3 2020
Q2 2020
Q1 2020

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro