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InnovAge Holding Swings to Loss Amid Revenue Climb in Fiscal Q3; Issues Fiscal Q4, FY21 Guidance

05/10/2021 13:10

04:58 PM EDT, 05/10/2021 (MT Newswires) -- InnovAge Holding (INNV) reported Monday a fiscal Q3 net loss of $0.09 versus earnings of $0.06 a year prior. Analysts polled by Capital IQ expected a loss of $0.09 per share.

Net revenue for the quarter ended March 31 rose to $156.3 million from $144.8 million a year earlier. Analysts polled by Capital IQ expected $157.2 million.

The company expects total revenue of between $160 million and $162 million for fiscal Q4 and between $626 million and $628 million for full fiscal year 2021.

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