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Tuesday, May 8, 2018

Inovalon (INOV) reported earnings on Tue 8 May 2018 (a/h)

  • BOWIE, Md. (AP) _ Inovalon Holdings Inc. (INOV) on Tuesday reported a first-quarter loss of $16.3 million, after reporting a profit in the same period a year earlier.
  • ** charts before earnings **


    ** charts after earnings **


    Inovalon misses by $0.10, misses on revs; guides FY18 EPS below consensus, reaffirms FY18 revs guidance 
    • Reports Q1 (Mar) loss of $0.04 per share, excluding non-recurring items, $0.10 worse than the Capital IQ Consensus of $0.06; revenues fell 14.4% year/year to $92.76 mln vs the $107.76 mln Capital IQ Consensus.
      • Cost of revenue for the first quarter of 2018 was $33.5 million, or 36.1% of revenue, compared with $38.3 million, or 35.3% of revenue for the first quarter of 2017.
    • Co issues guidance for FY18, sees EPS of $0.32-0.38, excluding non-recurring items, vs. $0.39 Capital IQ Consensus Estimate; sees FY18 revs of $568-593 mln vs. $576.37 mln Capital IQ Consensus Estimate.
      • previous EPS guidance was $0.36-0.42

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