innovage helps seniors age in their own homes with dignity through the program of all-inclusive care for the elderly (pace). innovage is dedicated to expanding this successful program to serve as many seniors as possible across the country. we hire exceptional people for our programs in california, colorado, new mexico, pennsylvania, and virginia.our mission is to sustain and enhance the independence and quality of life for those we serve, on their terms. our purpose is to help older adults remain mobile, prolong their health, and continue living in their own homes.
Company profile
Ticker
INNV
Exchange
Website
CEO
Patrick Blair
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
TCO GROUP HOLDINGS, INC.
SEC CIK
Corporate docs
Subsidiaries
TCO Intermediate Holdings • Total Community Options, Inc. • InnovAge Investment Holdings, LLC • Total Longterm Care Solutions, LLC • TCO Western Holdings, LLC • TCO Eastern Holdings, LLC • Total Community Care, LLC • Total Longterm Care, Inc. • InnovAge Senior Housing Thornton II, LLC • Innovative Care Management, Inc. ...
IRS number
810710819
INNV stock data
Latest filings (excl ownership)
8-K
Regulation FD Disclosure
27 Feb 24
10-Q
2024 Q2
Quarterly report
6 Feb 24
8-K
Innovage Announces Financial Results for the Fiscal Second Quarter 2024 Financial Performance
6 Feb 24
8-K
Departure of Directors or Certain Officers
19 Dec 23
10-Q
2024 Q1
Quarterly report
7 Nov 23
8-K
Innovage Announces Financial Results for the Fiscal First Quarter 2024 Financial Performance
7 Nov 23
ARS
2023 FY
Annual report to shareholders
27 Oct 23
DEFA14A
Additional proxy soliciting materials
27 Oct 23
DEF 14A
Definitive proxy
27 Oct 23
10-K
2023 FY
Annual report
12 Sep 23
Transcripts
INNV
Earnings call transcript
2024 Q2
6 Feb 24
INNV
Earnings call transcript
2024 Q1
7 Nov 23
INNV
Earnings call transcript
2023 Q4
12 Sep 23
INNV
Earnings call transcript
2023 Q3
9 May 23
INNV
Earnings call transcript
2023 Q2
7 Feb 23
INNV
Earnings call transcript
2023 Q1
12 Nov 22
INNV
Earnings call transcript
2022 Q4
14 Sep 22
INNV
Earnings call transcript
2022 Q3
15 May 22
INNV
Earnings call transcript
2022 Q2
10 Feb 22
INNV
Earnings call transcript
2022 Q1
13 Nov 21
Latest ownership filings
4
CHRISTINE BENT
18 Apr 24
4
PATRICK T BLAIR
4 Mar 24
4
Change in insider ownership
22 Feb 24
4
Change in insider ownership
22 Feb 24
4
Change in insider ownership
22 Feb 24
4
PATRICK T BLAIR
5 Dec 23
4
PATRICK T BLAIR
6 Sep 23
4
PATRICK T BLAIR
1 Sep 23
4
NICOLE DAMATO
17 Aug 23
4
Richard Feifer
17 Aug 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Jun 23 | Jun 22 | Jun 21 | |
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Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
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Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 88.41 mm | 88.41 mm | 88.41 mm | 88.41 mm | 88.41 mm | 88.41 mm |
Cash burn (monthly) | 12.95 mm | 8.32 mm | 3.57 mm | 3.63 mm | 11.00 mm | 2.16 mm |
Cash used (since last report) | 87.84 mm | 56.42 mm | 24.23 mm | 24.59 mm | 74.58 mm | 14.63 mm |
Cash remaining | 573.09 k | 31.99 mm | 64.18 mm | 63.82 mm | 13.84 mm | 73.79 mm |
Runway (months of cash) | 0.0 | 3.8 | 18.0 | 17.6 | 1.3 | 34.2 |
Institutional ownership, Q2 2023
97.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 51 |
Opened positions | 3 |
Closed positions | 3 |
Increased positions | 15 |
Reduced positions | 23 |
13F shares | Current |
---|---|
Total value | 82.11 bn |
Total shares | 132.97 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Tco | 116.52 mm | $582.60 mm |
T. Rowe Price Investment Management | 4.98 mm | $37.33 mm |
Coliseum Capital Management | 4.41 mm | $33.04 bn |
Vanguard | 1.92 mm | $14.39 bn |
BLK Blackrock | 1.21 mm | $9.10 bn |
Kent Lake Capital | 1.16 mm | $8.73 bn |
Geode Capital Management | 432.77 k | $3.25 bn |
NTRS Northern Trust | 374.73 k | $2.81 bn |
Welch Capital Partners | 337.56 k | $2.53 mm |
STT State Street | 330.26 k | $2.48 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
17 Apr 24 | Christine Bent | Common Stock, $0.001 par value | Payment of exercise | Dispose F | No | No | 4 | 8,734 | 34.94 k | 125,561 |
1 Mar 24 | Patrick T Blair | Common Stock, $0.001 par value | Payment of exercise | Dispose F | No | No | 4.87 | 3,566 | 17.37 k | 510,529 |
22 Feb 24 | Tco | Common Stock, $0.001 par value | Other | Dispose J | No | No | 0 | 3,532,542 | 0.00 | 112,988,070 |
22 Feb 24 | Welsh, Carson, Anderson & Stowe XII | Common Stock, $0.001 par value | Other | Dispose J | Yes | No | 0 | 3,532,542 | 0.00 | 112,988,070 |
22 Feb 24 | Ignite Aggregator | Common Stock, $0.001 par value | Other | Dispose J | Yes | No | 0 | 3,532,542 | 0.00 | 112,988,070 |
News
JP Morgan Maintains Neutral on InnovAge Holding, Lowers Price Target to $6
13 Mar 24
Goldman Sachs Maintains Neutral on InnovAge Holding, Lowers Price Target to $7
8 Feb 24
InnovAge Holding Q2 EPS $(0.03), Inline, Total revenues $188.90M Beat $183.92M Estimate
6 Feb 24
Recap: InnovAge Holding Q2 Earnings
6 Feb 24
Earnings Scheduled For February 6, 2024
6 Feb 24