Inovalon (INOV) Misses Q1 EPS by 3c

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Inovalon Reports First Quarter 2016 Results

May 4, 2016 4:12 PM EDT

BOWIE, Md., May 4, 2016 /PRNewswire/ --

First Quarter 2016 Financial Highlights and Other Information

First quarter revenue of $102.7 million First quarter Adjusted EBITDA of $18.5 million First quarter Non-GAAP net income of $7.5 million, resulting in Non-GAAP diluted net income of $0.05 per share $100 million share repurchase program announced

Inovalon (Nasdaq: INOV), a leading technology company providing advanced cloud-based data analytics and data-driven intervention platforms to the healthcare industry, today announced financial results for the first quarter of 2016.

"The results of the first quarter... More