How did ModivCare's revenue and expenses trend in Q4 2024?

ModivCare's revenue and expenses in Q4 2024 showed a business-focused pattern with significant segments in Non-Emergency Transportation Services and Personal Care, alongside notable contributions from Remote Patient Monitoring and Corporate and Other areas. Here's a detailed analysis:

1. **Revenue by Business Segments**:
- Non-Emergency Transportation Services: ModivCare generated the highest revenue from this segment, with $1.96 billion in revenue. This segment's prominence indicates a strong demand for non-emergency medical transportation services.
- Personal Care: This segment contributed $745.3 million and $558.7 million in revenue from two distinct reports, suggesting a diversified and substantial presence in the personal care market.
- Remote Patient Monitoring: With $77.74 million and $58.58 million in revenue, this segment highlights ModivCare's investment in remote patient monitoring services, which is growing steadily.
- Corporate and Other: The remaining revenue from this segment, totaling $7.27 million and $5.28 million, indicates a variety of corporate and other activities that contribute to the company's overall revenue base.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|MODV|MODV.O|ModivCare|20240101-2024|Corporate and Other|7273000|185|
|MODV|MODV.O|ModivCare|20240101-2024|Corporate and Other|5280000|185|
|MODV|MODV.O|ModivCare|20240101-2024|Corporate and Other|3462000|185|
|MODV|MODV.O|ModivCare|20240101-2024|Corporate and Other|1475000|185|
|MODV|MODV.O|ModivCare|20240101-2024|Personal Care|1.83568E8|185|
|MODV|MODV.O|ModivCare|20240101-2024|Non-Emergency Transportation Services|4.79306E8|185|
|MODV|MODV.O|ModivCare|20240101-2024|Corporate and Other|1475000|185|
|MODV|MODV.O|ModivCare|20240101-2024|Remote Patient Monitoring|2.0102E7|185|

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|MODV|MODV.O|ModivCare|2024 Q1|-462.84704694598685|-2.23E7|185|
|MODV|MODV.O|ModivCare|2024 Q2|32.50167588402883|-1.28884E8|185|
|MODV|MODV.O|ModivCare|2024 Q3|-518.4100418410042|-2.6604E7|185|
|MODV|MODV.O|ModivCare|2024 Q4|-347.25818735719724|-2.349E7|185|

|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|MODV|MODV.O|ModivCare|2024 Q1|3.3436206224917187|6.84451E8|185|
|MODV|MODV.O|ModivCare|2024 Q2|-0.11557601339995166|6.98299E8|185|
|MODV|MODV.O|ModivCare|2024 Q3|2.1999490482949375|7.02037E8|185|
|MODV|MODV.O|ModivCare|2024 Q4|-0.004695289912809889|7.02799E8|185|

|code|Ticker|Name|Date|Cost of Goods Sold|Cost of Goods Sold YoY|market_code|
|---|---|---|---|---|---|---|
|MODV|MODV.O|ModivCare|2024 Q1|5.83566E8|6.051618671696961|185|
|MODV|MODV.O|ModivCare|2024 Q2|5.881E8|-0.19601021629006118|185|
|MODV|MODV.O|ModivCare|2024 Q3|5.97934E8|3.231966078168|185|
|MODV|MODV.O|ModivCare|2024 Q4|5.97615E8|2.072135313920302|185|

2. **Total Expenses**: The total expenses for ModivCare in Q4 2024 were $702.8 million. This figure is crucial for understanding the company's cost management and profitability in the period.
3. **Net Income**: Despite the substantial revenue, ModivCare reported a net loss of $23.49 million in Q4 2024. This loss highlights the importance of cost control and operational efficiency for the company to improve financial performance.

In conclusion, ModivCare's Q4 2024 financials reflect a robust revenue stream primarily from Non-Emergency Transportation Services and Personal Care, with growing contributions from Remote Patient Monitoring. However, the company's net loss indicates challenges that need to be addressed for improved profitability.