Vocera Communications, Inc. (VCRA) Tops Q1 EPS by 6c, Revenues Beat; Affirms 2Q & FY19 EPS/Revenue Outlook

Vocera Communications, Inc. (NYSE: VCRA) reported Q1 EPS of ($0.17), $0.06 better than the analyst estimate of ($0.23). Revenue for the quarter came in at $35.3 million versus the consensus estimate of $34.03 million.

“The first quarter of 2019 was an extremely busy quarter for Vocera and provided a strong and strategic start to the year,” said Brent Lang, Chairman and Chief Executive Officer of Vocera. “Our revenue came in as expected as we progressed through the first months of the Smartbadge introduction. We achieved strong bookings, particularly in the Federal market, and we won our largest non-healthcare booking in the history of the company.”

First quarter of 2019 financial highlights include:

• Total revenue of $35.3 million, compared to $40.2 million last year
• GAAP net loss per share of $(0.38); non-GAAP net income per share of $(0.17)
• GAAP net loss of $(11.7) million; Adjusted EBITDA of $(3.5) million
• Deferred revenue and backlog of $118.6 million as of March 31, 2019

GUIDANCE:

Vocera Communications, Inc. sees Q2 2019 EPS of ($0.04)-$0.03, versus the consensus of $0.02. Vocera Communications, Inc. sees Q2 2019 revenue of $41-45 million, versus the consensus of $43.88 million.

Vocera Communications, Inc. sees FY2019 EPS of $0.36-$0.48, versus the consensus of $0.44. Vocera Communications, Inc. sees FY2019 revenue of $187-197 million, versus the consensus of $191.18 million.

For earnings history and earnings-related data on Vocera Communications, Inc. (VCRA) click here.

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