Inovalon (INOV) Reports In-Line Q3 EPS; Lowers FY Outlook

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Go back to Inovalon (INOV) Reports In-Line Q3 EPS; Lowers FY Outlook

Inovalon Reports Third Quarter 2020 Results

October 28, 2020 4:11 PM EDT

Third Quarter 2020 Highlights

Q3 revenue of $161.4 millionQ3 subscription-based platform revenue of $142.5 million, up 1% YoY, equating to 88% of Q3 total revenueQ3 net income of $0.8 million, resulting in diluted net income of $0.01 per shareQ3 Non-GAAP net income of $23.7 million, up 8% YoY, resulting in Non-GAAP net income of $0.16 per shareQ3 Adjusted EBITDA of $58.8 million, resulting in Adjusted EBITDA margin of 36.4%Q3 net cash provided by operating activities of $46.0 million, up 42% YoYQ3 new sales Annual Contract Value (ACV)1 totaled $58.5 million, up 33% YoYQ3 new sales Annual Contract Value... More