2023-06-20 14:48:51 ET
Mobile healthcare provider DocGo Inc. ( NASDAQ: DCGO ) added ~5% to reach a session high following its Investor Day on Tuesday after the company announced its financial targets to achieve a $1B revenue run-rate by the end of 2025.
In achieving its goal, the company expects its Mobile Health and Transportation Services segments to bring $600M and $260M in revenue, while RPM revenue adds $140M to the top line.
For 2022, the New York-based firm recorded $445M in revenue, indicating ~38% YoY growth as Mobile Health and Transportation Services made up ~74% and ~26% of the topline generating $326M and $115M, respectively.
According to consensus estimates, DocGo ( DCGO ) is expected to record $625M in revenue for 2025, approximately.
Issuing a Buy rating on DCGO, Seeking Alpha analyst Arbab Shahzeb argued early this month that the company is on track to claim “a significant share of the under-penetrated $250 billion virtual healthcare market.”
More on DocGo
- DocGo Q1 results mixed, co reiterates FY 2023 revenue guidance
- DocGo: Poised For Success In The Lucrative Virtual Healthcare Market
For further details see:
DocGo targets $1B annual revenue run rate by 2025