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DocGo (DCGO)
NASDAQ:DCGO
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.03Last Year’s EPS
0.1Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -31.63%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant achievements in pipeline expansion, net income growth, and recognition as an innovator and employer. However, these positive aspects were balanced by revenue declines, EBITDA shortfalls, increased SG&A, and challenges related to the winding down of migrant-related revenues and unexpected expenses.Company Guidance
During the DocGo Fourth Quarter and Full Year 2024 Earnings Call, the company provided extensive guidance on various metrics for the upcoming fiscal year. DocGo's fourth quarter revenues were $120.8 million, a 39% decrease from the previous year, largely due to the decline in migrant-related projects. For fiscal year 2024, total revenues were reported at $616.6 million, with mobile health revenues down 4% from the previous year. The company achieved a net income of $13.4 million for the year, a 34% increase compared to 2023, despite a fourth quarter net loss of $7.6 million. Adjusted EBITDA for the full year was $60.3 million, marking a 12% increase from 2023, with an adjusted EBITDA margin of 9.8%. Looking ahead, DocGo forecasts full year 2025 revenues between $410 million and $450 million, with gross margins expected to remain stable or improve slightly, and EBITDA margins projected to be in the mid-single digits. Additionally, the company anticipates generating significantly higher cash flow from operations compared to the $70 million achieved in 2024, driven by continued collections of accounts receivable from its migrant programs.Strong Pipeline and Expansion in Payer Relationships
DocGo reported a robust pipeline with 27 municipal contracts, 29 health system deals, and over 120 payer and provider deals. The company highlighted significant expansions with major payers in various regions, looking to expand into services such as mobile mammography and chronic care management.
Positive Net Income Growth for Full Year
Net income for the full year 2024 rose to $13.4 million, a 34% increase from $10 million in 2023.
Significant Cash Flow from Operations
In 2024, DocGo generated $70.3 million in cash flow from operations, a significant turnaround from a negative $64.2 million in 2023.
Recognition as a Top Innovator and Employer
DocGo was recognized as one of the top innovators and places to work in healthcare, with over 40,000 job applications received from healthcare clinicians and corporate staff.
Expanding Tech Platform and Care Gap Closure
DocGo's tech platform calculated over 15 million estimated arrival times, and the company completed over 1.5 million patient interactions, including 58,000 vaccinations and 99,000 behavioral health screenings.
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DCGO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DCGO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $3.92 | $3.09 | -21.17% |
| Nov 07, 2024 | $3.61 | $4.00 | +10.80% |
| Aug 07, 2024 | $2.99 | $3.63 | +21.40% |
| May 08, 2024 | $3.50 | $3.08 | -12.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does DocGo (DCGO) report earnings?
DocGo (DCGO) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is DocGo (DCGO) earnings time?
DocGo (DCGO) earnings time is at May 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DCGO EPS forecast?
DCGO EPS forecast for the fiscal quarter 2025 (Q1) is -0.03.
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