Inovalon (INOV) Misses Q4 EPS by 1c, Miss on Revenues

Inovalon (NASDAQ: INOV) reported Q4 EPS of $0.06, $0.01 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $114.6 million versus the consensus estimate of $116.01 million.

Fourth Quarter 2017 Highlights

• Fourth quarter revenue of $114.6 million, up 19% year-over-year
• Fourth quarter net income of $17.4 million, resulting in diluted net income of $0.12 per share, inclusive of a one-time benefit of $0.11 per share from changes to tax legislation
• Fourth quarter Non-GAAP net income of $7.8 million, resulting in Non-GAAP diluted net income of $0.06 per share
• Fourth quarter Adjusted EBITDA of $25.5 million, up 78% year-over-year
• Fourth quarter Adjusted EBITDA margin of 22.3%, up 740 basis points year-over-year
• MORE2 Registry® dataset unique patient count of more than 240 million, up 59% year-over-year

2018 Financial Guidance

The combination of the above-referenced factors yield the following guidance for 2018.​

• Non-GAAP diluted net income per share $0.31 to $0.35

For earnings history and earnings-related data on Inovalon (INOV) click here.

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