Vocera Communications, Inc. (VCRA) Tops Q1 EPS by 15c, Revenues Beat; Offers FY21 EPS/Revenues Outlook

Vocera Communications, Inc. (NYSE: VCRA) reported Q1 EPS of $0.09, $0.15 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $48.7 million versus the consensus estimate of $46.65 million.

First quarter of 2021 financial highlights include:

• Total revenue of $48.7 million, up 20% compared to $40.7 million last year
• GAAP net loss of $(7.6) million compared to $(10.5) million last year
• Non-GAAP net income of $3.3 million compared to a Non-GAAP net loss of $(4.3) million last year
• Adjusted EBITDA of $5.2 million compared to $(2.0) million last year
• Deferred revenue and backlog combined of $169.3 million as of March 31, 2021, an increase of 35% over last year

“Our first quarter provided a strong start to the year, including large, strategic wins and great progress in our international markets,” said Brent Lang, Chairman and CEO of Vocera. “The strength of our business was broad-based, and we have become the new, high priority standard for communications in healthcare.”

GUIDANCE:

Vocera Communications, Inc. sees FY2021 EPS of $0.47-$0.59, versus the consensus of $0.56. Vocera Communications, Inc. sees FY2021 revenue of $218-228 million, versus the consensus of $221.58 million.

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

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