Docgo Inc. · NASDAQ:DCGO
Docgo — Investor Day (June 2023)
119 slides from Docgo's investor day presentation, Jun 20, 2023
Slide 1: DocGo Investor Day
Slide 2: Agenda
1 01 02 03 04 Proactive Health Care Revolution 05 06 07 08 Excellence In Operations Care Delivery Growth Trajectory Clinical Excellence Q&A Technology Executing Our Vision AGENDA
Slide 3: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward - Looking Statements This presentation includes forward - looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), regarding, among other
Slide 4: DCGO's Investment Thesis
DCGO’S INVESTMENT THESIS BROAD RANGE OF POTENTIAL USE CASES FOR DCGO'S SERVICES STRONG BALANCE SHEET AND ACCESS TO CAPITAL TO FUEL GROWTH OPERATES IN SOME OF THE MOST RAPIDLY EXPANDING SEGMENTS OF THE HEALTH CARE INDUSTRY EXP ECTED GREATER THAN 30 % ANNUAL REVENUE G ROWTH WITH EXPANDING MARGINS OVER
Slide 5: CEO
CEO 4
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Slide 7: United States Health Care Is the Most Expensive in the World
UNITED STATES HEALTH CARE IS THE MOST EXPENSIVE IN THE WORLD Source: Organisation for Economic Co - Operation and Development, OECD Health Statistics, 2022, July 2022; Peter G. Peterson Foundation 6
Slide 8: Annual United States Healthcare Spending in 2021
Annual United States Healthcare Spending in 2021 Source: National Healthcare Expenditure Data, Centers for Medicare and Medicaid Services (CMS), 2021 7
Slide 9: U.S. Spent 16.9% of GDP on Health Care in 2021
THE U.S. SPENT 16.9% OF ITS GDP ON HEALTH CARE IN 2021. HEALTHI EST COUNTIES SPEND NEARLY HALF. $12,318 $7,383 $7,179 $6,693 $6,262 $6,190 $5,905 $5,829 $5,627 $5,468 $5,387 $5,274 $4,666 $3,914 Source: Organisation for Economic Co - Operation and Development, OECD Health Statistics, 2022, July 2022
Slide 10: Lowest Health Metrics of OECD Countries
LOWEST HEALTH METRICS OF OECD COUNTRIES 9 Source: Organisation for Economic Co - Operation and Development, OECD Health Statistics, 2022, July 2022; Peter G. Peterson Foundation Despite high spending, America ranks among the
Slide 11: Source: Organisation for Economic Co - Operation and Development, OECD Health Statistics, 2022, July
10 Source: Organisation for Economic Co - Operation and Development, OECD Health Statistics, 2022, July 2022; Peter G. Peterson Foundation
Slide 12: Health Care Spending on Care for Chronic Conditions
6 OUT OF 10 adults have a chronic disease 4 OUT OF 10 adults have 2+ chronic diseases 11 Source: Centers for Disease Control and Prevention. Chronic Disease Prevention and Health Promotion, Chronic Disease Overview, 2017. HEALTH CARE SPENDING ON CARE FOR CHRONIC CONDITIONS
Slide 13: Health care spending wasted annually on issues DocGo aims to address
Health care spending wasted an nually on issues that DocGo aims to address $167.5 12 $265.5 $101.2 $78.2
Slide 14: Proactive Health Care Is the Solution
PROACTIVE HEALTH CARE IS THE SOLUTION 13
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Slide 16: Skilled Clinicians
SKILLED CLINICIANS 15
Slide 17: Bringing Care to Patients on Their Terms
BRINGING CARE TO PATIENTS ON THEIR TERMS 16
Slide 18: Combining Software, Hardware & Proprietary Clinical Workflows
COMBINING SOFTWARE, HARDWARE & PROPRIETARY CLINICAL WORKFLOWS 17
Slide 19: Treatment in More Efficient Ways
TREATMENT IN MORE EFFICIENT WAYS 18
Slide 20: DocGo's Proactive Care Delivery Model
DocGo’S PROACTIVE CARE DELIVERY MODEL AIMS TO DISRUPT the broken U.S. healthcare system 19
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Slide 24: President, COO Lee Bienstock
President, COO LEE BIENSTOCK |
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Slide 26: We Help People Stay Out of the Hospital
WE HELP PEOPLE STAY OUT OF THE HOSPITAL 25 Pro active health care’s big idea:
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Slide 28: Everyone Benefits From Keeping People Out of the Hospital
WE BELIEVE EVERYONE BENEFITS FROM KEEPING PEOPLE OUT OF THE HOSPITAL 27 FAMILY & LOVED ONES INSURANCE PLANS GOVERNMENTS & MUNICIPALITIES PHYSICIANS HOSPITALS & PROVIDERS
Slide 29: Government/Public, Health Systems, Health Plans/Providers
GOVERNMENT/ PUBLIC HEALTH CARE SYSTEMS 28 HE ALTH PLANS/ PROVIDERS
Slide 30: Where We Started, Where We Are Today: Government
WHERE WE STARTED WHERE WE ARE TODAY Started with COVID testing at DHS homeless shelters COVID testing partner with 40 mobile units in 2020/2021 Nation’s first test - to - treat mobile program GOVERNMENT/ PUBLIC Multiple successful programs: Street Health Outreach & Wellness Program Migrant Mobile He
Slide 31: Test-to-Treat Program
‘ <5 IRST 7 | TREAT PROGRAM. ~
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Slide 33: By the Numbers
BY THE NUMBERS More than 2 million New Yor kers tested and vaccinated 2 00,000+ patient interactions w ith Street Health Outreach & Wellness ( SHOW) program 4 5,000+ patients transported b y ambulance at acut e care hospitals; 5 post - acute facilities 19,000 shelter residents s erved by DocGo since
Slide 34: Where We Started, Where We Are Today: Health Care Systems
WHERE WE STARTED WHERE WE ARE TODAY Me dical transportation partnership in May 2019 One medical facility in Pennsylvania with three ambulances Expanded to 18 facilities in multiple states First centralized transport network with 35 ambulances staffed daily Dispatch center co - located with transfer
Slide 35: e Radnor /
e Radnor / Wayne Ithan OMS oretend Tyler Selak Melanie Atkins — (631) 871-3504 (631) 871-3594 Completed: 1 trip in 1h 17m
Slide 36: Jefferson Health Partnership
Beth Duffy SVP Administrative Services EVP & President JEFFERSON HEALTH 35
Slide 37: By the Numbers: Jefferson Health
BY THE NUMBERS 18 hospitals in Pennsylvan ia & New Jersey 3,902 license d hospital beds 50+ outpatient and urgen t care locations with 5.6 million outpatient visits 581,473 annual emerg ency room visits 4,615 physician s; 9,300 nurses Source: Jefferson Health, “We are Jefferson.”, January 2023 36
Slide 38: Value-Based Contracts & Managed Care
48% 7 1% VALUE - BASED CONTRACTS & MANAGED CARE Americans en rolled in managed care plans Source: Kaiser Family Foundation, Medicaid MCO Enrollment (2020 data) & Kaiser Family Foundation, “Half of All Eligible Medicare Beneficiaries Are Now Enrolled in Private Medicare Advantage Plans”, (2023 data)
Slide 39: Health care partner IPA
• One of the l argest physician - owned and - led IPA in the Northeast • More tha n 175,000 members enrolled in commercial M edicare and Medica id products • More than 8 ,000 primary care an d specialist physicians Source: www.healthcarepartnersny.com 38
Slide 40: Diabetic Retinopathy Screenings Abnormal Findings
OF DIABETIC RETINOPATHY SCREENINGS RESULTED IN ABNORMAL FINDINGS Source: DocGo program patient data 39
Slide 41: Covered lives with potential access to DocGo programs
covered lives with potentia l access to DocGo programs Source: Published available membership data combined from contracted health plans. 40
Slide 42: Covered lives by health plan
3.5 MILLION covered lives 3.2 MILLION covered lives Source: Published available membership data combined from contracted health plans. 41
Slide 43: Chronic Conditions
CHRONIC CONDITIONS most common chronic conditions for 65+ (medicare) 18% 14% CHRONIC KIDNEY HEART FAILURE DEPRESSION DISEASE Source: Centers for Disease Control and Prevention. Chronic Disease Prevention and Health Promotion, Chronic Disease Overview, 2017. 14% ALZHEIMER’S DISEASE AND DEMENDIA 11% 1
Slide 44: Virtual Extension of the Care Team
Patient Engagement Specialists Lead Outreach In - Home RPM Set Up & Mobile Urgent Care Patient Care Specialists Review Daily Metrics V IRTUAL EXTENSION OF THE CARE TEAM 43
Slide 45: Industry-Leading Monitoring Compliance Percentage
DocGo compliance average National compliance average INDUSTRY - LEADING MONITORING COMPLIANCE PERCENTAGE Source: JACC: Clinical Electrophysiology, Volume 7, Issue 2, February 2021, Pages 235 - 237, Sei Iwai, Daniel Frenkel, Jason T. Jacobson Source: DocGo management estimates, 2023 44
Slide 46: Specialist Physician Groups
SPECIALIST PHYSICIAN GROUPS Target specialists that treat patients with chronic conditions & comorbidities: Nephrologists (Kidney failure) Cardiologists (Heart failure) Endocrinologists Pulmonologists 45
Slide 47: Estimated Virtual Care Management Annual Value
514,000 ESTIMATED VIRTUAL CARE MANAGEMENT ANNUAL VALUE Revenue Value Per Patient Contribution Value (Gross Profit) Assumes 12 months of services and no discounting of cash flow Potential per-patient, per-month cost savings by preventing/delaying dialysis Source: League Ru, Eliason P, McDevitt RC, Ro
Slide 48: Staff Certified by IBHRE
Staff Certified by: IBHRE INTERNATIONAL BOARD OF HEART RHYTHM EXAMINERS 47
Slide 49: Health Care Systems, Government, Health Plans
HEALTH CARE SYSTEMS GOVERNMENT/ PUBLIC HE ALTH PLANS/ PROVIDERS 48
Slide 50: Accelerated Growth Areas
ACCELERATED GROWTH AREAS 49 ORGANIC GROWTH WITH EXISTING PARTNERS & MARKETS NEW CONTRACTS & MARKET EXPANSIONS VALUE - BASED PARTNERSHIP & MANAGED CARE
Slide 51: We Expect Every DocGo Market to Grow in 2023
WE EXPECT EVERY DocGo MARKET TO GROW IN 2023 50
Slide 52: New Contracts & Market Expansions
32% 68% Contract Value from RFP Wins 2022 - 2023 Proposal Wins Contract Value NEW CONTRACTS & MARKET EXPANSIONS 18% average per quarter contract value growth rate 51
Slide 53: Value-Based & Managed Care Contracts
VALUE - BASED & MANAGED CARE CONTRACTS Additi onal open deals in the Patients that DocGo anticipates it pipelin e with health plans & can pr ovide medical care to over the at - risk provider groups next 6 - 12 months 52
Slide 54: Targeting $1 Billion Run-Rate by End of 2025
ORGANIC GROWTH WITH EXISTING PARTNERS & MARKETS NEW CONTRACTS & MARKET EXPANSIONS VALUE - BASED PARTNERSHIP & MANAGED CARE TARGETING $1 BILLION RUN - RATE BY THE END OF 2025 53
Slide 55: Chief Product Officer
Chief Product Officer 54
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Slide 57: Cost-Effective Clinical Staff and Robust Technology
+ COST - EFFECTIVE CLINICAL STAFF Trained in a range of mobile health & virtual care = HIGH QUALITY HEALTH CARE When & where it’s needed, at costs that work ROBUST TECHNOLOGY Built specifi cally for mobile health care 56
Slide 58: New 131421
New 131421 heal sduled | | ic in | ?) REMOTE =| i MONITORING = TRA SPORT, | -
Slide 59: DocGo Mobile Health Platform Customer Segments
DocGo CUSTOMER SEGMENTS DocGo MOBILE HEALTH PLATFORM 58 FOR HEALTH SYSTEMS FOR GOVERNMENTS & HEALTH PLANS FOR PHYSICIAN PRACTICES
Slide 60: One Digital Platform to Manage All Patient Transportation
ONE DIGITAL PLATFORM TO MANAGE ALL PATIENT TRANSPORTATION IMPROVED BED FLOW REDUCED READMISSIONS DocGo MOBILE HEALTH PLATFORM 59 HEALTH SYSTEMS FOR Transportation management Post - Discharge Transitional Care
Slide 61: s KITCHEN
ye s KITCHEN GREENPOINT UNIT 700 YefimNYD BezmanNY (718) 440-6429 Station New York WAV Station Tyler Selak (123) 456-7890 Station New York BLS/ ALS /CCT Bariatric, Infusion Pump(up to 3 channel), Cardiac Monitor WEST SIOE agal uttenberg Mana West New vn io} > Jnion City MANAATTAN Hl 10N0 14K sea SUS
Slide 62: Platform for Governments & Health Plans
DocGo CUSTOMER SEGMENTS REDUCED COSTLY ED VISITS & HOSPITAL ADMISSIONS PROGRAMS THAT WORK FOR UNDERSERVED POPULATIONS IMPROVED HEDIS MEASURES & CMS STAR RATINGS DocGo MOBILE HEALTH PLATFORM FOR GOVERNMENTS & HEALTH PLANS Population Health Management ED Avoidance Qu ality improvement Programs 61
Slide 63: Medicare Advantage Bonus Program Spending
$10,000,000,000 2022 Medicare Advantage Bonus Program Spending 41 STATES Used Capitated Managed Care Models for Medicaid Services in 2022
Slide 64: Health Plan Home Visit Workflow
HEALTH PLAN PROVIDES PATIENT DocGo SCHEDULES HOME VISIT TO DocGo REPORTS HEALTH METRICS 10 LIST & DATA IDENTIFY & CLOSE CARE GAPS HEALTH PLAN & PGP FOR QUALITY RATINGS / HEDIS MEASURES
Slide 65: Platform for Physician Practices
TURNKEY APPROACH TO BETTER MANAGED PATIENTS DATA - DRIVEN TREATMENT RECOMMENDATIONS AFTER - HOURS CARE THAT EXTENDS THEIR PRACTICE DocGo MOBILE HEALTH PLATFORM PHYSICIAN PRACTICES FOR Remot e Patient Monitoring Chronic Disease Management 64
Slide 66: *Data is for illustrative purposes only.
*Data is for illustrative purposes only. 65
Slide 67: DocGo Proactive Care Continuum
DocGo PROACTIVE CARE CONTINUUM 66
Slide 68: CEO, Clinical Practice Group
CEO, Clinical Practice Group 67
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Slide 70: Our Goal Is to Address the Entire Care Ecosystem
OUR GOAL IS TO ADDRESS THE ENTIRE CARE ECOSYSTEM Urgent Care Immediate med ical service for the treatme nt of acute and chronic ill ness and injury Chronic Care Medical care w hich addresses pre - existing or long - term illness Episodic Care Care ma nagement for a particular “episod e” of care that
Slide 71: Balance Shift to Proactive, Value-Driven Care
BALANCE SHIFT TO PROACTIVE, VALUE - DRIVEN CARE Urgent Care Immediate me dical service for the treatme nt of acute and chronic il lness and injury Chronic Care Medical care w hich addresses pre - existing or long - term illness Episodic Care Care ma nagement for a particular “episod e” of care that
Slide 72: Clinical Approach to Patient Health
CLINICAL APPROACH TO PATIENT HEALTH REMOTE MONITORING 71 BEHAVIORAL HEALTH
Slide 73: DocGo Bridges the Communications Gap
DocGo BRIDGES THE COMMUNICATIONS GAP BETWEEN PATIENT, CAREGIVER & PROVIDER 72
Slide 74: Primary care physician shortage anticipated by 2034
Primary care physicians shortage anticipated by 2034 73
Slide 75: Care Settings: Brick & Mortar, Mobile, Virtual
Hospital stays Emergency d epartment visits Phys ician office visit U rgent care visits Home Visits for urgent care & primary care Deployable e quipment setup Customer eng agement: texts, phon e, email, video Virtual r eality & artificial intelligence Patient monitori ng: CCM, RPM, RTM, Hospital - a
Slide 76: Patient Health Improves & Cost of Care Decreases
PATIENT HEALTH IMPROVES & COST OF CARE DECREASES 75
Slide 77: LA Care Program Results
PATIENT ENGAGEMENT Patient targe t list delivered by LA Care/hospital. HOME VISITS In - home health risk as sessment & three follow - up visits PROGRAM RESULTS DocG o’s LA County programs sh ow readmission reduction of 30 - 50% 76
Slide 78: Total cost savings from ED avoidance programs
to tal cost savings from DocGo’s ED avoidance programs Source: Number of DocGo mobile health interactions multiplied by the likelihood of ED visit diversions based on the program’s clinical care profile. The number of ED visits diverted multiplied by the average cost of an ED visit based on accumula
Slide 79: Chief Technology Officer
Chief Technology Officer y HAWK NEWTON 78
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Slide 81: DocGo's Differentiated Software Platform
MOST HEALTHCARE DocGo’s DIFFERENTIATED SOFTWARE PLATFORM Outdated architectures including client/ Modern cloud - based archi tecture server & on - premis e deployment Fully automated deployments 5 - 10 times Manual QA & deploy ment processes per day Annual or quarterly software releases AI - powered
Slide 82: DARA Mobile Health & Medical Transport Fleet Management Platform
DARA Mobile Health & M edical Transport Fleet Man agement Platform PRO PRIETAR Y Automat ed scheduling & DOCGO DRIVER APP (IOS) S OFTWAR E thousands of field clinicians rout ing for DocGo’s DOCGO ON - DEMAND (IOS & ANDROID) Patient mobile app to connect with care teams , mobile health, and telehealt
Slide 83: Electronic Health Records, Connected Vehicles and Devices
ELECTRONIC HEALTH RECORDS (EHR) Mobile Hea lth and Medical Transport CONNECTED VEHICLES BUIL T FOR Telematics powers safety, IN TEGRATI ON security & data CONNECTED MEDICAL DEVICES Remote Diag nostics/Remote Pa tient Monitoring 82
Slide 84: Connected Vehicles
CONNECTED VEHICLES Telematics powers safety, security & data 83 Mobile Health & M edical Transport Fleet Man agement Platform DARA DOCGO DRIVER APP (IOS) Automat ed scheduling & rout ing for DocGo’s thousands of field clinicians ELECTRONIC HEALTH RECORDS (EHR) Mobile Hea lth and Medical Transport CO
Slide 85: *Data is for illustrative purposes only.
*Data is for illustrative purposes only. 84
Slide 86: *Data is for illustrative purposes only.
*Data is for illustrative purposes only. 85
Slide 87: Prompt: Provide Real-Time ETA
PROMPT: “PROVIDE REAL - TIME ETA” A Connected vehicle data C Projected service durations E Required equipment & services needed B Historical data from millions of trips D Projected traffic & planned routes F Patient demographics from EMR POSITIONS UNIT LOCATIONS NEAR SERVICE ADDRESS. AUTO - SELECTS
Slide 88: *Data is for illustrative purposes only.
*Data is for illustrative purposes only. 87
Slide 89: *Data is for illustrative purposes only.
*Data is for illustrative purposes only. 88
Slide 90: *Data is for illustrative purposes only.
*Data is for illustrative purposes only. 89
Slide 91: *Dat a is for illustrative purposes only.
9 0 *Dat a is for illustrative purposes only. 90
Slide 92: *Data is for illustrative purposes only.
*Data is for illustrative purposes only. 91
Slide 93: *Data is for illustrative purposes only.
*Data is for illustrative purposes only. 92
Slide 94: DocGo Technology Platform Architecture
MICROSERVICE ARCHITECTURE RESTFUL DEVELOPER APIs SECURE WEBHOOKS FOR EVENTS DocGo CORE SOFTWARE PARTNER APPS & INTEGRATIONS DocGo MOBILE APPS DocGo WEB - BASED APPS EPIC APP MARKET APP DocGo TECHNOLOGY PLATFORM CUSTOM EHR INTEGRATIONS HEALTH PLAN DATA FEEDS 93
Slide 95: *Data is for illustrative purposes only.
*Data is for illustrative purposes only. 94
Slide 96: CFO Norm Rosenberg
CFO NORM ROSENBER G 95
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Slide 98: Annual Revenues 2016-2022
ANNUAL REVENUES 2016 - 2022 97
Slide 99: Quarterly Revenues 2020-2022
QUARTERLY REVENUES 2020 - 2022 98
Slide 100: Quarterly Revenues 2020-2022, Ex. COVID Testing
QU ARTERLY REVE NUES 2020 - 2022, EX. COVID TESTING 99 For reported full - year revenues, please see previous slide and refer to the Appendix, where we have provided a reconciliation between reported Total Revenues and Revenues excluding COVID testing, a non - GAAP measure.
Slide 101: Annual Gross Margins 2018-2022
AN NUAL GROSS MARGINS 2018 - 2022 100
Slide 102: Annual Adjusted EBITDA 2018-2022
AN NUAL ADJUSTED EBITDA 2018 - 2022 2018 2019 2020 2021 2022 Adjusted EBITDA is a non - GAAP financial measure. A reconciliation between GAAP Net Income and Adjusted EBITDA for the periods referenced above is provided in the Appendix. 101
Slide 103: Building on a Strong Financial Foundation
BUILDING O N A STRONG FINANCIAL FOUNDATION As of March 31, 2023 Current Ratio 2.4 Quick Ratio 2.3 Cash Ratio 1.1 Cash & Equivalents (incl. restricted) $127.5M Working Capital $149.4M Notes Payable $1.9M Credit Line, primary $90.0M Credit Line accordion $50.0M 102
Slide 104: Home Visit Unit Economics
“Traditional Economics” refers to a service model that involves sending the APP or other practitioner into the patient’s home. The costs in this column were arrived at by applying DCGO’s assumed costs for this practitioner, and the assumptions above. “DCGO Economics” refers to the hybrid service mod
Slide 105: Mobile Health Unit Economics
MOBILE HEALTH UNIT ECONOMICS PER SITE PER DAY ASSUMPTIONS TARGET PROJECT ECONOMICS PROJECT LAUNCH ECONOMICS LABOR COST 10 Hours per shift $4,750 $6,750 APP 5 # of APP $14,245 $18,205 Admin 55 # of Admin $1,545 $1,905 Social Worker 3 # of Social Worker $5,120 $7,680 Case Worker 16 # of Case Worker $1
Slide 106: Transport Unit Economics
TRANSPORT UNIT ECONOMICS ANTICIPATED MARG IN BY TRIP COUNT 105 2 3 4 5 TRANSPORTS 1
Slide 107: 2022 vs 2025 Annual Revenue Percentage
26% 74% 27% 12% 61% 2022 ANNUAL REVENUE PERCENTAGE 106 2025 ANNUAL REVENUE PERCENTAG E (TARGETED)
Slide 108: Targeted Revenue Breakdown Q4 2025
TARGETED REVENUE BREAKDOWN Q4 2025 Mobile Health Revenues RPM Revenues Transport Revenues Total Revenues ANNUAL RUN - RATE TARGET Q4 2025 TARGET $600,000,000 $150,000,000 Mobile Health Revenues $260,000,000 $65,000,000 Transport Revenues $140,000,000 $35,000,000 RPM Revenues $250,000,000 $1,000,000,
Slide 109: Gross margin run-rate bridge
41% 40% 39% : = 37% 36% 35% 34% 33% 32% Current Run-Rate Overtime Subcontractors, Vehicles Wage Inflation Medical Supply © Other Cogs — Subcontractors, Transport Transport New Run-Rate Phase 1 Inflation Inflation Phase 2 Leased Hour Utilization 108
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Slide 112: Unique Technology Platform
UNIQUE TECHNOLOGY PLATFORM 111 Trademarks in this chart are owned by the respective companies. DocGo is not affiliated with any of these companies.
Slide 113: Maintaining Our Competitive Advantage
MAINTAI NING OUR COMPETITIVE ADVANTAGE Technology is the nucleus of the value proposition via pro prietary platform that utilizes AI optimiz ation, patient EHR, Ho spital integration, and technology - based staffing Winning deals against competitors is attributed to rapidly deployed programs based o
Slide 114: Total Addressable Markets
MOBILE HEALTH TOTAL ADDRESSABLE MARKET $265 BILLION REMOTE MONITORING TOTAL ADDRESSABLE MARKET $6.4 BILLION MEDICAL TRANSPORT TOTAL ADDRESSABLE MARKET $7 - $13 BILLION 113
Slide 115: Remote Monitoring Total Addressable Market by 2030
$16.9 BILLION 32.8% CAGR Remote monitoring total addressable market by 2030 16,9 114
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Slide 117: DocGo Is Leading the Proactive Health Care Revolution
of: DocGo lS LEADING THE 7 PROACTIVE HEALTH : GARE REVOLUTION
Slide 118: Appendix: Quarterly Revenue 2020-2022
117 APPENDIX Revenues excl. testing Estimated COVID testing Revenues Reported Revenues (in $M) 13.4 0 13.4 Q1 2020 19.6 2.9 22.5 Q2 2020 15.5 11.4 26.9 Q3 2020 15.1 16.1 31.2 Q4 2020 29.3 20.4 49.7 Q1 2021 52.3 9.9 62.2 Q2 2021 55.1 30.7 85.8 Q3 2021 72.3 49.0 121.3 Q4 2021 79.9 38.0 117.9 Q1 2022 8
Slide 119: Appendix: Net Income Reconciliation to Adjusted EBITDA
118 APPENDIX 2022 2021 2020 2019 2018 (in $M) 30.7 19.2 (14.8) (21.2) (30.9) Net income/(loss) GAAPa (0.8) 0.8 0.2 0.5 - (+) Net interest expense/(income) (7.9) 0.6 0.2 - - (+) Income tax expense/(benefit) 10.6 7.5 5.5 4.2 1.4 (+) Depreciation & amortization (0.2) (5.2) (0.3) (0.1) - (+) Other expen