Inovalon (INOV) Tops Q2 EPS by 4c

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Go back to Inovalon (INOV) Tops Q2 EPS by 4c

Inovalon Reports Second Quarter 2020 Results

July 29, 2020 4:11 PM EDT

Second Quarter 2020 Highlights

Q2 revenue of $162.2 million, up 3% YoYQ2 subscription-based platform revenue of $142.1 million, up 13% YoY, equating to 88% of Q2 total revenueQ2 net income of $2.0 million, resulting in diluted net income of $0.01 per shareQ2 Non-GAAP net income of $22.0 million, up 15% YoY, resulting in Non-GAAP net income of $0.15 per shareQ2 Adjusted EBITDA of $56.6 million, up 8% YoY, resulting in Adjusted EBITDA margin of 34.9%Q2 net cash provided by operating activities of $49.0 millionQ2 new sales Annual Contract Value (ACV)1 totaled a record $75.7 million, up 38.1% YoY... More