Inovalon (INOV) Reports In-Line Q1 EPS, Trims FY Guidance
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Inovalon Reports First Quarter 2020 Results
April 29, 2020 4:10 PM EDTFirst Quarter 2020 Highlights
Q1 revenue of $154.2 million, up 6.0% year-over-yearQ1 Subscription-based platform revenue of $137.1 million, up 13.1% year-over-year, equating to 89% of Q1 total revenueQ1 net loss of $1.7 million, resulting in diluted net loss of $0.01 per shareQ1 Non-GAAP net income of $16.2 million, up 10% year-over-year, resulting in Non-GAAP net income of $0.11 per shareQ1 Adjusted EBITDA of $47.5 million, up 7% year-over-year, resulting in Adjusted EBITDA margin of 30.8%Q1 net cash provided by operating activities of $14.1 millionQ1 new sales Annual Contract Value (ACV)1 totaled $45.5 millionDebt & Cash Highlights
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