Inovalon (INOV) Reports In-Line Q2 EPS, Lowers FY Guidance

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Go back to Inovalon (INOV) Reports In-Line Q2 EPS, Lowers FY Guidance

Inovalon Reports Second Quarter 2016 Results

August 3, 2016 4:10 PM EDT

BOWIE, Md., Aug. 3, 2016 /PRNewswire/ --

Second Quarter 2016 Highlights

Second quarter revenue of $123.8 million Second quarter net income of $16.3 million, resulting in diluted net income of $0.11 per share Second quarter Non-GAAP net income of $20.6 million, resulting in Non-GAAP diluted net income of $0.14 per share Second quarter Adjusted EBITDA of $40.8 million MORE2 Registry® dataset medical event count expanded to more than 11.7 billion Accelerating transition to pure cloud-based platform and adjusting 2016 financial guidance

Please refer to our Second Quarter 2016 Earnings Presentation Supplement available at... More