MARKET COMPOSITE
INNV - InnovAge Holding Corp8:00:00 PM 4/25/2024
Price
$3.80
-0.19 (-4.76%)
InnovAge is a market leader in managing the care of high-cost, dual-eligible seniors. Its mission is to enable seniors to age independently in their own homes for as long as possible. Its patient-centered care model meaningfully improves the quality of care its participants receive, while reducing over-utilization of high-cost care settings. InnovAge is at the forefront of value based senior healthcare and directly contracts with government payors, such as Medicare and Medicaid, to manage the totality of a participant’s medical care. InnovAge believes its healthcare model is one in which all constituencies — participants, their families, providers and government payors—"Win." InnovAge currently serves approximately 6,600 participants across 17 centers in five states.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue188.9MM+4%
Operating Income-1.8MM-83%
Operating Expenses190.7MM-
Net Income-3.4MM-67%
G&A25.2MM-13%
Marketing5.9MM+9%
Interest Expense935K+41%
Stock Chart

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Stock news

    Crenshaw Center Spotlights Impact of Participant-Centered, Coordinated Senior Care at No Cost to Eligible SeniorsLOS ANGELES, April 24, 2024 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. (“InnovAge”) (Nasdaq: INNV), the healthcare industry leader in providing comprehensive healthcare programs to dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE), celebrates the grand opening of its newest center in California. As part of this launch, InnovAge California PACE will

    DENVER, April 23, 2024 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. (“InnovAge” or the “Company”) (Nasdaq: INNV), an industry leader in providing comprehensive healthcare programs to frail, and predominantly dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE), today announced it will release its 2024 fiscal third quarter financial results on Tuesday, May 7, 2024, after market close. In conjunction, the Company will host a conference call to review the results at

    The healthcare industry has historically provided significant returns to investors, with a predicted CAGR of 12.71% until 2027. Although many successful and profitable companies experience a surge in stock price, the healthcare industry also has many stocks that plummet. This is because many healthcare companies rely on trials that need to be approved by the Food and Drug Administration (FDA), making their performance difficult to predict. Many companies, particularly small-cap companies, see ma

    TAMPA, Fla., March 04, 2024 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. (“InnovAge”) (Nasdaq: INNV), the industry leader in providing comprehensive healthcare programs to dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE) launched a new center in Tampa, its first in the state of Florida. This PACE center has the capacity to serve approximately 1,300 participants. Today’s guests toured the approximately 33,500 square foot center, which includes a medical clinic

    Shareholders might have noticed that InnovAge Holding Corp. ( NASDAQ:INNV ) filed its second-quarter result this time...

    DENVER, Feb. 08, 2024 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. (“InnovAge” or the “Company”) (Nasdaq: INNV), an industry leader in providing comprehensive healthcare programs to frail, and predominantly dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE), today announced it will host its Investor Day on Tuesday, February 27, 2024, in New York City at 9:00am ET. InnovAge President and CEO Patrick Blair will host the event, along with several members of the Com

    InnovAge Holding ( NASDAQ:INNV ) Second Quarter 2024 Results Key Financial Results Revenue: US$188.9m (up 13% from 2Q...

    InnovAge Holding Corp. (NASDAQ:INNV) Q2 2024 Earnings Call Transcript February 6, 2024 InnovAge Holding Corp. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day and thank you for standing by. Welcome to the InnovAge Second Quarter 2024 Earnings Conference […]

    Q2 2024 InnovAge Holding Corp Earnings Call

    InnovAge Holding Corp. (INNV) delivered earnings and revenue surprises of 0% and 4.07%, respectively, for the quarter ended December 2023. Do the numbers hold clues to what lies ahead for the stock?