Inovalon (INOV) Reports In-Line Q2 EPS, Lowers FY Guidance
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Inovalon Reports Second Quarter 2016 Results
August 3, 2016 4:10 PM EDTBOWIE, Md., Aug. 3, 2016 /PRNewswire/ --
Second Quarter 2016 Highlights
Second quarter revenue of $123.8 million Second quarter net income of $16.3 million, resulting in diluted net income of $0.11 per share Second quarter Non-GAAP net income of $20.6 million, resulting in Non-GAAP diluted net income of $0.14 per share Second quarter Adjusted EBITDA of $40.8 million MORE2 Registry® dataset medical event count expanded to more than 11.7 billion Accelerating transition to pure cloud-based platform and adjusting 2016 financial guidancePlease refer to our Second Quarter 2016 Earnings Presentation Supplement available at... More
