DocGo Inc (DCGO) ニュース

typical ambulance-chasing BS

ATTENTION LONG-TERM DOCGO INC. (NASDAQ: DCGO) SHAREHOLDERS: GRABAR LAW OFFICE IS INVESTIGATING CLAIMS ON YOUR BEHALF
Grabar Law Office is investigating claims on behalf of DocGo Inc. (NASDAQ: DCGO) shareholders. The investigation concerns whether certain officers and directors of DocGo have breached their fiduciary duties owed to the company as, on April 10th the New York City Mayor's office said that the mobile health services provider's $432M no-bid migrant services contract will not be renewed before it expires on May 5. Instead, the officials plan to issue a competitive request to select a new provider by year-end.
Current DocGo Inc. (NASDAQ: DCGO) shareholders who have held DocGo shares since on or before November 8, 2022, can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to them whatsoever. Click: https://grabarlaw.com/the-latest/docgo-shareholder-investigation/.
An underlying securities fraud class action complaint was filed after the New York City's Comptroller announced that it was commencing a real-time audit of operations and invoices incurred by DocGo as the Comptroller had “serious concerns about the selection of this vendor and its performance of contract duties.”
On April 10, 2024, The New York City Mayor's office announced that the mobile health services provider's $432M no-bid migrant services contract will not be renewed before it expires on May 5. Instead, the officials plan to issue a competitive request to select a new provider by year-end.
DocGo share prices are down approximately 70% from previous trading highs.
If you would like to learn more about this matter, you are encouraged visit https://grabarlaw.com/the-latest/docgo-shareholder-investigation/, email Joshua Grabar at jgrabar @FH-6085.
$DCGO #DocGo

$DCGO

DocGo has repurchased a total of 1.25 mln shares of its common stock at an average of $3.88/share under its share repurchase program announced on January 31, 2024
7:36 AM ET 3/14/24 | Briefing.com
Pursuant to the Repurchase Program, DocGo is authorized to purchase up to $36 mln of its common stock during a 6-month period ending July 30, 2024.
DocGo also announced that it has entered a 10b5-1 trading plan to facilitate repurchases of up to an additional $10 million of its common stock under the Repurchase Program, which will enable the continued purchase of shares during the Company's quarterly blackout period that begins on March 15, 2024. The 10b5-1 plan will run through May 6, 2024.

$DCGO: The latest price target for DocGo (NASDAQ: DCGO) was reported by Stifel on February 23, 2024. The analyst firm set a price target for $11.00 expecting DCGO to rise to within 12 months (a possible 215.93% upside). 19 analyst firms have reported ratings in the last year.

FRAUDULENT DUMPING

A short report was posted by Fuzzy Panda Research this morning:

Allegations of Fraudulent Billing Practices & Forging of Documents

https://fuzzypandaresearch.com/docgo-employees-allege-medicare-fraud/

UNDENIABLE DUMPING

DocGo Announces Upcoming Participation
at the 21st Annual Needham Virtual Healthcare Conference

April 5, 2022, 07:35 AM Eastern Standard Time

NEW YORK--(BUSINESS WIRE)--DocGo (Nasdaq: DCGO), a leading provider of last-mile mobile health services and integrated medical mobility solutions, announced today that CEO Stan Vashovsky and CFO Andre Oberholzer will present at the 21st Annual Needham Virtual Healthcare Conference on Tuesday, April 12, at 4:30 PM Eastern Time.



A webcast of the event will be available on the investor relations section of DocGo’s website at ir.docgo.com.

About DocGo
DocGo is a leading provider of last-mile mobile care services and integrated medical mobility solutions. DocGo is disrupting the traditional four-wall healthcare system by providing high quality, highly affordable care to patients where and when they need it. DocGo's innovative technology and dedicated field staff of certified health professionals elevate the quality of patient care and drive business efficiencies for facilities, hospital networks, and health insurance providers. With Mobile Health, DocGo empowers the full promise and potential of telehealth by facilitating healthcare treatment, in tandem with a remote physician, in the comfort of a patient's home or workplace. Together with DocGo's integrated Ambulnz medical transport services, DocGo is bridging the gap between physical and virtual care. For more information, please visit www.docgo.com.



Investor Contact:
Steve Halper
LifeSci Advisors
646-876-6455
shalper@lifesciadvisors.com
ir@docgo.com



Media Contact:

Janine Warner
Crowe PR
docgo@crowepr.com
(646) 916-5314

DocGo Announces Record Fourth Quarter and Full Year 2021 Results

Q4 and full-year revenue increased 289% and 239%, respectively, over comparable prior year periods; positive adjusted EBITDA and net income for both the quarter and full year

March 14, 2022, 04:05 PM Eastern Standard Time

NEW YORK--(BUSINESS WIRE)--DocGo (Nasdaq: DCGO), a leading provider of last-mile mobile health services and integrated medical transportation solutions, today announced financial and operating results for the fourth quarter and full year ending December 31, 2021.


“The fourth quarter caps a year in which we made substantial progress, further penetrating into existing markets while launching in nine new ones, all while continuing to invest in a world-class clinical team and transitioning to a publicly-traded company,” stated Stan Vashovsky, Chief Executive Officer and Co-Founder. “Our fourth quarter and full-year revenue growth of 289% and 239%, respectively, reflects not only the significant unmet need that we are addressing within the healthcare ecosystem, but also the unique value proposition that we deliver to some of the largest government, corporate and health system entities in the country. We are operating in a vast, untapped market with a scalable and capital-efficient business model, and I believe we are in the very early stages of accelerating recurring revenue growth. I look forward to a very successful 2022.”

Fourth Quarter Financial Highlights

Total revenue was $121.3 million, representing growth of 289% over $31.2 million in the fourth quarter of 2020.
Mobile Health revenue increased to approximately $102.6 million, compared to $15.8 million in the fourth quarter of 2020. The increase reflects the extension of certain key contracts as well as significant recent contract wins.
Medical transport revenue was approximately $18.7 million, up 21% from $15.4 million in the fourth quarter of 2020.
Adjusted EBITDA grew to approximately $17.3 million, versus an Adjusted EBITDA loss of $2.9 million in the fourth quarter of 2020.
Net income was $20.3 million, which represents a substantial improvement over the net loss of $4.4 million in the fourth quarter of last year, reflecting the strong increase in revenues during the quarter, which occurred while certain overhead costs remained in line with prior periods. Net income in Q4 2021 includes a gain of approximately $5.2 million relating to the remeasurement of warrant liabilities.

Full Year Financial Highlights

Total revenue was $318.7 million, an increase of 239% from $94.1 million in 2020.
Mobile Health revenue increased to approximately $234.4 million in 2021, compared to $30.9 million in 2020. The increase reflects the expansion of the services offered by this segment in 2021, with growth accelerating throughout the year, as DocGo increased both its customer base and geographic reach. The year witnessed the extension of certain key contracts as well as significant new contract wins.
Medical transport revenue was approximately $84.3 million in 2021, up 33% from $63.2 million in 2020. Both trip volumes and average price per trip increased from 2020 levels.
Covid testing-related revenue is estimated to be approximately $110 million.
Adjusted EBITDA grew to approximately $25.1 million in 2021, even with significant investments made in regional expansion and personnel, versus an Adjusted EBITDA loss of $8.1 million in 2020.
Net income was $19.2 million for the full year 2021, which represents a substantial improvement over a net loss of $14.8 million in 2020. Net income in 2021 includes a gain of approximately $5.2 million relating to the remeasurement of warrant liabilities.
As of December 31, 2021, the company held cash and cash equivalents of $175.5 million with insignificant debt, and an additional $78.4 million of accounts receivable.

Corporate Highlights

Closed merger with Motion Acquisition Corp. and raised net proceeds of approximately $158 million, including an associated PIPE financing.
Hired 2,340 new employees in 2021, bringing total number of medical providers to over 3,800 as of December 31.

2022 Guidance

The company sees strong demand from our customers for both mobile health and transportation services, and anticipates 2022 revenue to be approximately $400-420 million, representing growth of 27-32% over 2021, or a 65% increase if we exclude non-recurring Covid testing revenue from the second half of both years. Adjusted EBITDA is anticipated to be approximately $35-41 million.



Conference call and webcast

DocGo management will host a conference call and webcast to discuss the fourth quarter and full-year results tomorrow, March 15, at 8:30am ET. To access the conference call, please dial 1-877-407-0784 (U.S.) or 1-201-689-8560 (international). Reference conference ID 13727132.



The webcast can be accessed using the following link: https://viavid.webcasts.com/starthere.jsp?ei=1529651&tp_key=a6273f4fcd or under “Events” on the “Investors” section of the company’s website, https://ir.docgo.com/.
Fig. 1 EBITDA
Fig. 2 BALANCE SHEETS
Fig. 3 BALANCESHEETS CTD
Fig. 5 CONSOLIDATED STATEMENT OF CASH FLOWS
Fig. 6 CONSOLIDATED STATEMENTS OF CASH FLOWS CTD
Fig. 4 CONSOLIDATED STATEMENTS OF OPS
Fig. 7 MARKETS

About DocGo

DocGo is a leading provider of last-mile mobile care services and integrated medical transportation solutions. DocGo is disrupting the traditional four-wall healthcare system by providing care to patients where and when they need it. DocGo's innovative technology and dedicated field staff of certified health professionals elevate the quality of patient care and drive business efficiencies for facilities, hospital networks, and health insurance providers. With Mobile Health, DocGo empowers the full promise and potential of telehealth by facilitating healthcare treatment, in the comfort of a patient's home or workplace. Together with DocGo's integrated Ambulnz medical transport services, DocGo is bridging the gap between physical and virtual care. For more information, please visit www.docgo.com.



Forward-Looking Statements

This announcement contains forward-looking statements (including within the meaning of Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and Section 27A of the U.S. Securities Act of 1933, as amended) concerning DocGo. These statements include, but are not limited to, statements that address our expected future business and financial performance and statements about (i) our plans, objectives and intentions with respect to future operations, services and products, (ii) our competitive position and opportunities, and (iii) other statements identified by words such as "may", "will", "expect", "intend", "plan", "potential", "believe", "seek", "could", "estimate", "judgment", "targeting", "should", "anticipate", "predict" "project", "aim", "goal", "outlook", "guidance", and similar words, phrases or expressions. These forward-looking statements are based on management's current expectations and beliefs, as well as assumptions made by, and information currently available to, management, and current market trends and conditions. Forward-looking statements inherently involve risks and uncertainties, many of which are beyond our control, and which may cause actual results to differ materially from those contained in our forward-looking statements. Accordingly, you should not place undue reliance on such statements. Particular uncertainties that could materially affect current or future results include possible accounting adjustments made in the process of finalizing reported financial results; any risks associated with global economic conditions and concerns; the effects of global outbreaks of pandemics or contagious diseases or fear of such outbreaks, such as the COVID-19 coronavirus pandemic; competitive pressures; pricing declines; rates of growth in our target markets; our ability to improve gross margins; cost-containment measures; legislative and regulatory actions; the impact of legal proceedings and compliance risks; the impact on our business and reputation in the event of information technology system failures, network disruptions, cyber-attacks, or losses or unauthorized access to, or release of, confidential information; and the ability of the company to comply with laws and regulations regarding data privacy and protection. We undertake no intent or obligation to publicly update or revise any of these forward-looking statements, whether as a result of new information, future events or otherwise.



Contacts

Media Contact:

Janine Warner

Crowe PR

docgo@crowepr.com

(646) 916-5314



Investor Contacts:

Steven Halper

LifeSci Advisors

shalper@lifesciadvisors.com

ir@docgo.com

646-876-6455

"Enabling the Last-Mile delivery of Healthcare."


Company Highlights:

*Leveraging a proprietary technology platform

*152% 2019-'21 Revenue CAGR

*951% Mobile Health CAGR

*Positive EBITDA

*Very Strong '21 Revenue Guidance

*9 New Markets in the last 12 months; In 29 States

*Almost 4 million patient interactions

* A 'Who's Who' of Government, Corporate entities as customers/partners/projects

*Less than 1% penetration. Company in early stages of accelerating recurring revenue growth

Trades: NASDAQ: DCGO
Market Cap: $640 million
52 Week H-L: $5.63 - 11.86
Current Price: $6.45




About DocGo:

DocGo is a leading provider of last-mile mobile care services and integrated medical mobility solutions. DocGo is disrupting the traditional four-wall healthcare system by providing care at the scale of humanity. DocGo's innovative technology and dedicated field staff of certified health professionals elevate the quality of patient care and drive business efficiencies for facilities, hospital networks, and health insurance providers. With Mobile Health, DocGo empowers the full promise and potential of telehealth by facilitating healthcare treatment, in tandem with a remote physician, in the comfort of a patient's home or workplace. Together with DocGo's integrated Ambulnz medical transport services, DocGo is bridging the gap between physical and virtual care. For more information, please visit:

www.docgo.com

At Ameritrade this company is rated #10,I haven't seen a #10 rating for quite sometime I'M BUYING

***DocGo Announces Increase in Full-Year 2021 Guidance***

Annual revenues expected to reach over $290 million, Adjusted EBITDA of at least $12 million

NEW YORK--(BUSINESS WIRE)-- DocGo (DCGO), a leading provider of last-mile mobile health services and integrated medical mobility solutions (Nasdaq:DCGO), announced today that it is updating and increasing its full-year 2021 guidance for both revenues and Adjusted EBITDA1. The Company now expects 2021 revenues in the $290 million - $300 million range, compared to the most recent guidance of $260 million. This increase is largely being driven by higher-than-expected Mobile Health revenues, reflecting the extension of certain key contracts, as well as recent contract wins. Adjusted EBITDA is now projected to be at least $12 million, compared to the most recent guidance of $10 million. The higher Adjusted EBITDA reflects the increased revenue expectation mentioned above, partially offset by continued investment in several areas, designed to position the Company for growth in 2022 and beyond.

“We are gratified that DocGo continues to deliver tremendous results as we execute on our vision of providing high quality, highly affordable healthcare for all,” said Stan Vashovsky, CEO of DocGo. "We look forward to continue to deliver shareholder value, and the highest quality of care for the patients whose lives we touch each and every day.”

DocGo Mobile Health Solutions go far beyond traditional telehealth capabilities, delivering true “last-mile” services with unique solutions that plug seamlessly into existing care ecosystems. The company’s workforce provides additional specialty medical training to its more than 3,500+ healthcare providers, giving them the skills necessary to perform more advanced procedures outside of the typical scope of work for EMTs and paramedics.

DocGo currently operates in 28 U.S. states and the UK, and has licenses pending in an additional 21 states. The company offers a continuum of care for patients with new innovations such as integrated telehealth and mobility systems which allow for greater coordination between providers at different stages of treatment or recovery from an injury or illness.

1 Adjusted EBITDA is a non-GAAP measure. See “Non-GAAP Measure” at the end of this release for a discussion of this measure, including certain limitations thereof, and a reconciliation to net income (loss), the most directly comparable GAAP measure.

***Q3 2021 Revenue of $86 MILLION***

https://finance.yahoo.com/news/docgo-announces-third-quarter-2021-234500769.html

***2021 Estimated Revenue Guidance is $260 MILLION***

***Fox Business Interview between Maria Bartiromo & DCGO President***
16 Nov 2021

https://video.foxbusiness.com/v/6282244285001/?playlist_id=3166411554001

Welcome to the DCGO board...