Vocera Communications, Inc. (VCRA) Tops Q3 EPS by 18c, Revenues Beat

Vocera Communications, Inc. (NYSE: VCRA) reported Q3 EPS of $0.31, $0.18 better than the analyst estimate of $0.13. Revenue for the quarter came in at $53.8 million versus the consensus estimate of $50.55 million.

“Q3 was an outstanding quarter for us, driven by tremendous success with Veterans Administration hospitals and large customer expansions,” said Brent Lang, Chairman and CEO. “Despite another quarter of dealing with the COVID-19 pandemic, our teams remain focused on serving customers and supporting one another, and our connection to our mission has never been stronger.”

Third quarter of 2020 financial highlights include:

• Total revenue of $53.8 million, compared to $50.8 million last year
• GAAP net income per share of $0.13; non-GAAP diluted income per share of $0.31
• GAAP net income of $4.2 million; Adjusted EBITDA of $13.5 million
• Deferred revenue and backlog combined of $151.1 million as of September 30, 2020, an increase of 23% over last year
• Successful acquisition and integration of EASE Applications, which offers a cloud-based communication platform to enhance the patient experience

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

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