DocGo Inc. (NASDAQ:DCGO) Q3 2023 Earnings Call Transcript

Norman Rosenberg: So Richard, I’ll take that one. So I’ve got the backlog file open in front of me here. So the back of — again, just sort of refresh everybody’s memory in terms of the way it works. So — and all things being equal, the backlog number would go down as more of the backlog turns to actual revenue and quite a bit of it turned to actual revenue during this quarter. However, we’re able to add quite a bit to the backlog based on different contracts that we’ve won really across our geographies and across our business lines. So I would say, especially this quarter, it’s a really big mix. So you’ve got some of the government work that obviously is now on the table in terms of expansion or additional sites. That’s clearly a big part of this.

But at the same time, there are a couple of contracts we won in the U.K. that I think as we mentioned, where those are very large contracts that are the kinds that will help us out. We have a couple with native American populations, other types of projects that we do through one of our other entities. So I mean, this is stuff that applies to both the U.S. It applies to the U.K. market. It applies to Mobile Health, it applies to Transport. It’s actually really very, very nicely spread out. But without question, a big part of it is the fact that we do expect to realize more revenue on some of the asylum projects given that we’ve seen it coming in the way we saw it come in. But that’s not by a wide — by any measure. That’s not an overwhelming drive of the backlog, rather the backlog is very diverse.

Operator: Thank you, sir. There are no further questions at this time. I would now like to turn the floor back over to Lee Bienstock for closing comments. Please go ahead.

Lee Bienstock: Thank you. Thank you all for joining us today. Thank you all very much. Much appreciate it. See you soon.

Operator: Thank you. Ladies and gentlemen, that then concludes today’s conference. Thank you for joining us. You may now disconnect your lines.