Contract Wind DownAn accelerated wind down of the HPD contract led to a Q4 miss, impacting the company's performance.
Earnings MissRevenue was ~7% below our estimate and adj-EBITDA of $1.1 million compared to our $14.1 million estimate, so a big swing and miss.
EBITDA MarginEBITDA margins are now expected to be lower as DocGo transitions resources, creating cost mismatches in advance of revenue.