Inovalon Reports Second Quarter 2019 Results
Inovalon Holdings, Inc. - Class A (INOV)
Last inovalon holdings, inc. - class a earnings: 4/29 04:10 pm
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US:NASDAQ Investor Relations:
investors.inovalon.com
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Source: GlobeNewswire
Second Quarter 2019 Highlights Q2 revenue of $157.0 million, up 3% year-over-year, and up 8% sequentiallyQ2 net income of $4.5 million, resulting in diluted net income of $0.03 per shareQ2 Non-GAAP net income of $19.1 million, resulting in Non-GAAP net income of $0.13 per shareQ2 Adjusted EBITDA of $52.2 million, resulting in Adjusted EBITDA margin of 33.3%Q2 net cash provided by operating activities of $25.2 million, up 90% year-over-yearQ2 Annual Contract Value (ACV)1, excluding Services, for new sales totaled $38.7 million, up 39% sequentiallyUpdating 2019 guidance to reflect narrowing of range for revenue and raising of ranges for net income, net income per share, Adjusted EBITDA, Non-GAAP net income, and Non-GAAP net income per share Trailing Twelve Month (TTM)2 Second Quarter 2019 Highlights TTM Q2 revenue of $584.6 million, up 23% period-over-periodTTM Q2 Non-GAAP net income of $57.7 million, up 66% period-over-periodTTM Q2 Adjusted EBITDA of $188.0 million, up 61% period-ov
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