Inovalon Expects Fourth Quarter Revenue Growth of 18% to 20% and Adjusted EBITDA Growth of 78% Assuming the Midpoint, Consistent with Prior Guidance
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:
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Source: GlobeNewswire
Company Issues Preliminary Fourth Quarter and Full Year 2017 ExpectationsIn Conjunction with J.P. Morgan Healthcare Conference Participation Preliminary Fourth Quarter 2017 Expectations Fourth quarter revenue expected to be between $113.5 million to $115.0 million, up 18% to 20% year-over-year as reported and 13% to 15% year-over-year on an organic basis1Fourth quarter gross margin expected to be between 66.0% to 66.5%, a year-over-year increase of 620 to 670 basis pointsFourth quarter income before taxes expected to be between $3.0 million to $6.0 millionFourth quarter Adjusted EBITDA expected to be between $23.5 million to $27.5 million, up 78% year-over-year, assuming the midpointFourth quarter Adjusted EBITDA margin expected to be 22.3%, a year-over-year increase of 740 basis points, assuming the midpoint Preliminary Full Year 2017 Expectations Full year revenue expected to be between $448.2 million to $449.7 million, up 5% year-over-year, assuming the midpointFull year gross
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