Inovalon (INOV) Tops Q1 EPS by 2c; Raises Guidance

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Go back to Inovalon (INOV) Tops Q1 EPS by 2c; Raises Guidance

Inovalon Reports First Quarter 2021 Results

April 28, 2021 4:10 PM EDT

First Quarter 2021 Highlights

Q1 revenue of $177.2 million, up 15% YoYQ1 subscription-based platform revenue of $158.0 million, up 15% YoY, equating to 89% of Q1 total revenueQ1 net income of $9.2 million, resulting in diluted net income of $0.06 per shareQ1 Non-GAAP net income of $25.0 million, resulting in Non-GAAP net income of $0.17 per share, up 55% YoYQ1 Adjusted EBITDA of $58.6 million, up 23% YoYQ1 Adjusted EBITDA margin of 33.1%, up 230 basis points... More