Inovalon Reports Third Quarter 2018 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
Third Quarter 2018 Highlights Q3 revenue of $145.8 millionQ3 net loss of $0.8 million, resulting in net loss of $0.01 per shareQ3 Non-GAAP net income of $16.3 million, resulting in Non-GAAP net income of $0.11 per shareQ3 Adjusted EBITDA of $52.4 million, up 70% year-over-year, resulting in Adjusted EBITDA margin of 36.0%Q3 ACV1 signed, excluding ABILITY and Services, of $52.1 million, up 101% year-over-yearUpdating 2018 guidance to reflect timing of new contract signings, the conversion of substantially all remaining legacy contracts, and the discontinued pursuit of additional legacy business 2019 Guidance Highlights Annual Revenue Retention2 estimated at 103%, up from estimated 95% in 2018Annual Recurring Revenue3 estimated at $534.1 million, up 22.4% year-over-yearRevenue growth estimated at 19% to 23%, including organic revenue growth of 12% to 14%Adjusted EBITDA estimated at $200 million to $210 millionCoverage4 for 2019 revenue projections is currently at approximately 94.5%
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