CorVel revenue was $552.64 m in FY, 2021 which is a 6.7% year over year decrease from the previous period.
CorVel revenue breakdown by business segment: 66.7% from Patient management services and 33.3% from Network solutions services
USD | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|
Revenue | 595.7m | 592.2m | 552.6m |
Revenue growth, % | 7% | (1%) | (7%) |
Cost of goods sold | 470.9m | 466.3m | 429.0m |
Gross profit | 124.8m | 125.9m | 123.6m |
Gross profit Margin, % | 21% | 21% | 22% |
General and administrative expense | 63.3m | 65.2m | 64.4m |
Operating expense total | 63.3m | 65.2m | 64.4m |
Pre tax profit | 61.5m | 60.7m | 59.2m |
Income tax expense | 14.8m | 13.3m | 12.8m |
Net Income | 46.7m | 47.4m | 46.4m |
EPS | 2.5 | 2.6 | 2.6 |
USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 | Q2, 2022 | Q3, 2022 |
---|---|---|---|---|---|---|---|---|---|
Revenue | 150.1m | 147.0m | 148.1m | 129.6m | 136.0m | 141.5m | 152.6m | 157.7m | 164.5m |
Cost of goods sold | 117.0m | 114.1m | 118.8m | 103.1m | 105.5m | 110.6m | 115.4m | 121.1m | 129.3m |
Gross profit | 33.1m | 32.8m | 29.3m | 26.5m | 30.5m | 30.9m | 37.2m | 36.7m | 35.2m |
Gross profit Margin, % | 22% | 22% | 20% | 20% | 22% | 22% | 24% | 23% | 21% |
General and administrative expense | 15.8m | 16.6m | 17.0m | 15.6m | 15.6m | 16.9m | 16.6m | 16.7m | 17.5m |
Operating expense total | 15.8m | 16.6m | 17.0m | 15.6m | 15.6m | 16.9m | 16.6m | 16.7m | 17.5m |
Pre tax profit | 17.4m | 16.3m | 12.3m | 10.9m | 14.9m | 14.0m | 20.6m | 20.0m | 17.7m |
Income tax expense | 4.0m | 3.4m | 2.9m | 2.6m | 3.1m | 2.6m | 3.7m | 3.9m | 3.8m |
Net Income | 13.4m | 12.9m | 9.4m | 8.3m | 11.9m | 11.4m | 16.8m | 16.1m | 13.9m |
EPS | 0.7 | 0.7 | 0.6 | 0.5 | 0.7 | 0.6 | 0.9 | 0.9 | 0.8 |
USD | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|
Cash | 91.7m | 83.2m | 139.7m |
Accounts Receivable | 71.3m | 65.8m | 64.7m |
Prepaid Expenses | 7.2m | 11.0m | 8.0m |
Current Assets | 215.5m | 209.0m | 268.9m |
PP&E | 62.0m | 75.9m | 70.6m |
Goodwill | 36.8m | 36.8m | 36.8m |
Total Assets | 318.0m | 416.3m | 424.8m |
Accounts Payable | 9.9m | 15.1m | 12.4m |
Current Liabilities | 116.9m | 133.7m | 162.5m |
Long-term debt | 85.1m | 41.9m | |
Total Debt | 85.1m | 41.9m | |
Total Liabilities | 123.2m | 226.5m | 204.4m |
Common Stock | 3.0k | 3.0k | 3.0k |
Additional Paid-in Capital | 155.8m | 168.9m | 185.9m |
Retained Earnings | 505.2m | 552.5m | 598.9m |
Total Equity | 194.8m | 552.5m | 220.4m |
Debt to Equity Ratio | 0.2 x | 0.2 x | |
Debt to Assets Ratio | 0.2 x | 0.1 x | |
Financial Leverage | 1.6 x | 0.8 x | 1.9 x |
USD | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|
Net Income | 46.7m | 47.4m | 46.4m |
Depreciation and Amortization | 23.0m | 22.5m | 23.4m |
Accounts Receivable | (8.3m) | 4.0m | (976.0k) |
Cash From Operating Activities | 78.6m | 80.8m | 94.4m |
Purchases of PP&E | (15.3m) | (32.4m) | (17.2m) |
Cash From Investing Activities | (15.3m) | (32.4m) | (17.2m) |
Cash From Financing Activities | (27.4m) | (57.0m) | (20.6m) |
Net Change in Cash | 35.9m | (8.5m) | 56.5m |
Income Taxes Paid | 12.9m | 15.1m | 20.8m |
USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 | Q2, 2022 | Q3, 2022 |
---|---|---|---|---|---|---|---|---|---|
Net Income | 13.4m | 26.3m | 35.6m | 8.3m | 20.2m | 31.5m | 16.8m | 32.9m | 46.8m |
Depreciation and Amortization | 9.0m | 17.8m | 16.8m | 5.8m | 11.6m | 17.6m | 5.9m | 11.8m | 17.9m |
Accounts Receivable | 4.3m | (926.0k) | 6.6m | (2.9m) | (8.8m) | 234.0k | (2.7m) | (4.8m) | (5.0m) |
Cash From Operating Activities | 26.4m | 46.4m | 66.3m | 15.4m | 39.5m | 73.8m | 14.5m | 35.2m | 50.4m |
Purchases of PP&E | (8.0m) | (17.5m) | (27.7m) | (3.6m) | (6.9m) | (13.3m) | (6.5m) | (11.6m) | (18.4m) |
Cash From Investing Activities | (8.0m) | (17.5m) | (27.7m) | (3.6m) | (6.9m) | (13.3m) | (6.5m) | (11.6m) | (18.4m) |
Cash From Financing Activities | (5.6m) | (22.7m) | (40.6m) | (916.0k) | (9.7m) | (14.9m) | (9.1m) | (32.2m) | (56.1m) |
Net Change in Cash | 12.7m | 6.2m | (2.1m) | 10.9m | 22.9m | 45.6m | (1.1m) | (8.6m) | (24.2m) |
Income Taxes Paid | 310.0k | 8.2m | 11.9m | 211.0k | 6.2m | 9.8m | 442.0k | 12.5m | 17.9m |
USD | FY, 2019 |
---|---|
Revenue/Employee | 152.6k |
Financial Leverage | 1.6 x |
P/E Ratio | 26.5 |