STOCK TITAN

DocGo Inc. - DCGO STOCK NEWS

Welcome to our dedicated page for DocGo news (Ticker: DCGO), a resource for investors and traders seeking the latest updates and insights on DocGo stock.

DocGo Inc. (DCGO) is a prominent provider of mobile medical services and transportation across 26 US states and the United Kingdom. The company specializes in delivering last-mile mobile health services and integrated medical mobility solutions, ensuring quality healthcare access wherever it's needed. DocGo operates through three primary segments: Mobile Health Services, Transportation Services, and Corporate, with Mobile Health Services being the most significant revenue contributor.

DocGo's Mobile Health Services segment encompasses a wide range of medical offerings, including on-site health assessments, remote patient monitoring, and urgent care. These services aim to bridge the gap between traditional healthcare facilities and patients, providing timely and efficient care right at the patient's location.

The Transportation Services segment focuses on non-emergency medical transportation, ensuring patients can safely travel to and from healthcare appointments. This segment is essential for maintaining consistent patient care, particularly for individuals with mobility challenges or those requiring specialized transport vehicles.

DocGo's Corporate segment manages administrative functions and strategic initiatives, supporting the operational efficiency and growth of the company's primary services. Recent achievements for DocGo include expanding its service areas, integrating advanced technology in patient care, and forming strategic partnerships with notable healthcare providers to enhance service delivery and patient outcomes.

Financially, DocGo has demonstrated steady growth, bolstered by its diversified service offerings and commitment to innovation in healthcare delivery. The company's focus on expanding its footprint and leveraging technology positions it to continue thriving in the dynamic healthcare sector.

Rhea-AI Summary
DocGo Inc.'s UK-based subsidiary, Ambulnz Community Partners, has added six electric ambulances to their fleet through a partnership with Stockport NHS Foundation Trust. The first electric ambulance is now in operational service, helping Stockport NHS Foundation Trust towards its Green Plan targets. The electric ambulances have the same capabilities as diesel ambulances, a range of approximately 120 miles, and cost less to run and maintain. This move aligns with the NHS's commitment to reducing carbon emissions. DocGo's UK operations include 15 locations, 711 staff members, and approximately 348 ambulances.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.36%
Tags
none
-
Rhea-AI Summary
DocGo appoints Lee Bienstock as CEO, effective September 15, 2023. Bienstock has led rapid growth since joining in March 2022. Company well-positioned for innovation and growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.19%
Tags
management
-
Rhea-AI Summary
DocGo Inc CEO to present at investor conferences in September 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.58%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.29%
Tags
partnership
-
Rhea-AI Summary
DocGo Inc. raises 2023 revenue guidance to $540-$550 million and increases adjusted EBITDA guidance to $48-$53 million. Q2 2023 total revenue was $125.5 million, up 53% YoY excluding mass COVID-testing revenue. Gross margin for Q2 2023 was 33.4%. Net income was $1.3 million for Q2 2023. Mobile Health revenue for Q2 2023 was $80.1 million. Transportation Services revenue in Q2 2023 was $45.4 million. Current backlog increased to $325 million. Company holds total cash of $123.8 million. Signed contract with New York City’s Department of Housing Preservation and Development for $432 million. Awarded “Best Overall Mobile Health Solution” recognition. Announced strategic mobile health agreement with Fresenius Medical Care. Full-year 2023 revenue guidance increased to $540-$550 million. Full-year 2023 Adjusted EBITDA guidance increased to $48-$53 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.86%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.11%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.35%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.06%
Tags
partnership
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.38%
Tags
conferences
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.47%
Tags
none

FAQ

What is the current stock price of DocGo (DCGO)?

The current stock price of DocGo (DCGO) is $4.51 as of December 20, 2024.

What is the market cap of DocGo (DCGO)?

The market cap of DocGo (DCGO) is approximately 444.7M.

What services does DocGo Inc. provide?

DocGo Inc. offers mobile medical services, including on-site health assessments, remote patient monitoring, and urgent care. They also provide non-emergency medical transportation.

In which regions does DocGo Inc. operate?

DocGo Inc. operates in 26 US states and the United Kingdom.

What are the main segments of DocGo Inc.?

DocGo Inc. operates through three segments: Mobile Health Services, Transportation Services, and Corporate.

What is the primary revenue-generating segment for DocGo Inc.?

The primary revenue-generating segment for DocGo Inc. is Mobile Health Services.

What recent achievements has DocGo Inc. accomplished?

DocGo Inc. has expanded its service areas, integrated advanced technology in patient care, and formed strategic partnerships with healthcare providers.

What is the focus of DocGo Inc.'s Transportation Services segment?

The Transportation Services segment focuses on non-emergency medical transportation, ensuring safe travel for patients to and from healthcare appointments.

How does DocGo Inc. support operational efficiency?

DocGo Inc.'s Corporate segment manages administrative functions and strategic initiatives to support operational efficiency and growth.

How has DocGo Inc. demonstrated financial growth?

DocGo Inc. has shown steady financial growth through its diversified services and innovation in healthcare delivery.

What is the significance of DocGo Inc.'s expanded service footprint?

The expanded service footprint allows DocGo Inc. to provide timely and efficient healthcare to a broader population, enhancing access to medical services.

How does technology play a role in DocGo Inc.'s services?

DocGo Inc. leverages advanced technology in patient care to improve service delivery and patient outcomes, making healthcare more accessible and efficient.

DocGo Inc.

Nasdaq:DCGO

DCGO Rankings

DCGO Stock Data

444.69M
93.62M
7.39%
54.95%
6.37%
Medical Care Facilities
Services-health Services
Link
United States of America
NEW YORK