Modivcare reported a decrease in service revenue and a net loss in the first quarter of 2025, primarily due to contract attrition in the NEMT segment and lower volumes in PCS and Monitoring. Despite this, the company saw an increase in adjusted EBITDA and continued to focus on strategic initiatives to improve performance.

Modivcare's Q4 2024 revenue remained flat at $702.8 million. The company reported a net loss of $23.5 million, significantly higher than the $5.3 million loss in Q4 2023, primarily due to increased service expenses and interest costs. Adjusted EBITDA declined 20.0% year-over-year to $40.4 million, reflecting weaker gross margins. Despite these challenges, the company generated $30.0 million in operating cash flow and secured a $75.0 million incremental term loan to support liquidity.

Modivcare's Q3 2024 results showed a 2.2% increase in service revenue to $702.0 million. However, the company reported a net loss of $26.6 million, or negative $1.87 per diluted common share, due to increased interest expense and a loss on debt extinguishment. Adjusted EBITDA was $43.2 million, with adjusted EPS at $0.45. The company is focused on cost savings and growth in its personal care services and remote patient monitoring segments and has affirmed its 2024 guidance.

Modivcare's second quarter adjusted EBITDA was $45 million, driven by strong performance in the NEMT segment. The company lowered its 2024 Adjusted EBITDA guidance range due to personal care services transformation. Net cash flow from operating activities was a use of $55 million, but working capital is expected to normalize in the second half of 2024. The company successfully refinanced its 2025 senior unsecured notes with a new Term Loan B.

Modivcare reported first quarter 2024 results in line with previously announced guidance, with revenue increasing by 3.3% year-over-year. The company is focused on strategic transformation, cost savings initiatives, and refinancing its 2025 senior unsecured notes.

Modivcare's Q4 2023 revenue increased by 7.5% to $702.8 million compared to Q4 2022. The company reported a net loss of $5.3 million, or $0.37 per diluted common share. Adjusted EPS was $1.29. The revenue growth was driven by a 12.7% increase in total paid trips in our NEMT segment, partially offset by a 5.5% decrease in average monthly members.

Modivcare reported a 6.0% increase in service revenue to $686.9 million compared to Q3 2022. The company experienced a net loss of $4.3 million, but adjusted EBITDA was $51.3 million and adjusted EPS was $1.44. Cash flow from operations was $53.5 million, and free cash flow was $44.7 million.

Modivcare's Q2 2023 results showed revenue growth of 11.3% driven by strong growth across its Home and Mobility businesses. However, the company reported a significant net loss due to a goodwill impairment of $183.1 million and adjusted its full-year Adjusted EBITDA guidance downward due to increased utilization and implementation delays.

Modivcare reported a 15.3% increase in service revenue, driven by growth across all segments. The company maintained its 2023 revenue and Adjusted EBITDA guidance.

Modivcare reported a revenue of $653.9 million, a 14% increase compared to Q4 2021. The company experienced a net loss of $6.9 million, but adjusted EPS reached $2.11. The results reflect growth in revenue and membership, alongside strategic efforts to consolidate operations and drive efficiencies.

Modivcare reported a solid third quarter with revenue growth of 31.4% year-over-year, driven by strong performance in both the NEMT and Personal Care segments. The company's net loss was primarily attributable to a goodwill impairment for Matrix.

Modivcare reported a revenue of $628.2 million, a 32.4% increase compared to Q2 2021. Net income was $3.3 million, or $0.24 per diluted common share. The company increased its 2022 guidance due to strong second quarter and year-to-date results.

Modivcare reported a revenue of $574.5 million, a 26.6% increase compared to Q1 2021. Net income was $0.3 million, or $0.02 per diluted common share. Adjusted EBITDA was $50.3 million, and Adjusted EPS was $1.57.

Modivcare reported a 44% increase in service revenue to $575.8 million for Q4 2021, driven by acquisitions and increased trip volume in the NEMT segment. The company experienced a net loss of $31.5 million, primarily due to a loss related to their Matrix investment. Adjusted EBITDA increased to $57.5 million, and adjusted EPS reached $2.11.

ModivCare reported a 53.8% increase in revenue to $493.1 million, driven by the Simplura acquisition and higher trip volume in NEMT. However, the company experienced a net loss of $7.5 million, or $0.53 per diluted share, due to increased service expenses and investments in employees and technology. Adjusted EBITDA was $44.3 million, and adjusted EPS was $1.63.

ModivCare reported a strong second quarter in 2021, marked by a 68.1% increase in revenue to $474.4 million compared to the same period last year. The company's income from continuing operations was $13.8 million, or $0.97 per diluted common share, and Adjusted EPS was $2.13. ModivCare also made significant acquisitions and partnerships to expand its supportive care solutions.

ModivCare reported a strong first quarter with revenue of $453.6 million, a 23.5% increase year-over-year. The company's adjusted EBITDA reached $48.0 million, driven by improvements in both the NEMT and Personal Care segments. ModivCare is focused on technological and operational initiatives, including the acquisition of WellRyde, to enhance patient experience and expand its market position.

ModivCare reported Q4 2020 revenue of $398.5 million, a net loss of $2.9 million, and adjusted EPS of $0.98. The company's results were driven by acquisitions and operational improvements.

Providence Service Corporation reported a decrease in revenue but an increase in operating and net income for Q3 2020. The company's Adjusted EBITDA exceeded the prior year due to lower operating expenses. They also entered into an agreement to acquire Simplura Health Group.