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Wednesday, November 6, 2019

Evolent up 14% after Q3 beat, guidance update

Evolent Health (EVH +14%) is up on double normal volume after its Q3 report released after the close yesterday. Highlights:
Revenue: $220.1M (+46.8%); Platform & operations services: $171.4M (+45.1%).
Net loss: ($25.5M) (-105.6%); loss/share: ($0.30) (-87.5%).
Non-GAAP EBITDA: $3,333M (-30.5%).
Cash consumption (9 mo.): ($55.8M) (-999%).
2019 guidance: Revenue: $838M – 850M from $825M – 850M; non-GAAP EBITDA: ($11.1M – 8.1M) from ($10.0M – 2.0M).

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