Inovalon (INOV) Misses Q3 EPS by 1c, Guidance Trails Views
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Inovalon Reports Third Quarter 2018 Results
November 7, 2018 4:10 PM ESTThird Quarter 2018 Highlights
Q3 net loss of $0.8 million, resulting in net loss of $0.01 per share
Q3 Non-GAAP net income of $16.3 million, resulting in Non-GAAP net income of $0.11 per share
Q3 Adjusted EBITDA of $52.4 million, up 70% year-over-year, resulting in Adjusted EBITDA margin of 36.0%
Q3 ACV1 signed, excluding ABILITY and Services, of $52.1 million, up 101% year-over-year
Updating 2018 guidance to reflect timing of new contract signings, the conversion of substantially all remaining legacy contracts, and the discontinued pursuit of additional legacy business
2019 Guidance... More
