DocGo reported a strong second quarter with a 31% increase in total revenue compared to the previous year. Net income increased significantly, and the company raised its cash flow from operations guidance for the full year.
Total revenue increased by 31% to $164.9 million compared to Q2 2023.
Net income increased by 354% to $5.9 million compared to Q2 2023.
Adjusted EBITDA increased by 89% to $17.2 million compared to Q2 2023.
The company raised its cash flow from operations guidance to $80-$90 million for 2024.
DocGo expects full-year 2024 revenue to be $600-$650 million and adjusted EBITDA to be $65-$75 million. They also anticipate $80-$90 million in cash flow from operations for 2024.
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