MODV - ModivCare Non-GAAP EPS of $1.47 misses by $0.11 revenue of $699.1M beats by $46.33M
2023-08-03 16:55:05 ET
- ModivCare press release ( NASDAQ: MODV ): Q2 Non-GAAP EPS of $1.47 misses by $0.11 .
- Revenue of $699.1M (+2.5% Y/Y) beats by $46.33M .
- Cash used in operating activities during the quarter of $108.2 million along with capex spend of $8.9 million
- Contract payables decreased by $78.5 million to $109.1 million and contract receivables increased by $17.4 million to $119.8 million, resulting in net contract receivables of $10.7 million as of June 30, 2023
- $126.5 million drawn on the $325.0 million revolving credit facility as of June 30, 2023
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ModivCare Non-GAAP EPS of $1.47 misses by $0.11, revenue of $699.1M beats by $46.33M