DocGo Raises 2023 Revenue Guidance To $615M-$625M, Up From A Previous Range Of $540M-$550M Vs $546.13M Est.; And Increases Adjusted EBITDA Guidance to $50M-$55M, Up From A Previous Range Of $48M-$53M
Portfolio Pulse from Benzinga Newsdesk
DocGo has raised its 2023 revenue guidance to $615M-$625M, up from a previous range of $540M-$550M. The company also increased its adjusted EBITDA guidance to $50M-$55M, up from a previous range of $48M-$53M.
November 06, 2023 | 9:47 pm
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POSITIVE IMPACT
DocGo's raised revenue and EBITDA guidance for 2023 indicates a positive outlook for the company's financial performance.
DocGo's increased revenue and EBITDA guidance for 2023 suggests that the company expects improved financial performance in the future. This could be due to a variety of factors, such as increased demand for their services, successful cost management, or other positive business developments. This news is likely to be viewed positively by investors, potentially leading to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100