initial public offerings (IPOs) trading on American exchanges

Wednesday, October 30, 2019

Inovalon (INOV) reported earnings on Wed 30 Oct 19 (a/h)

** charts before earnings **



 




** charts after earnings **







Inovalon beats by $0.03, reports revs in-line; guides FY20 EPS above consensus, revs above consensus


  • Reports Q3 (Sep) earnings of $0.15 per share, $0.03 better than the S&P Capital IQ Consensus of $0.12; revenues rose 14.2% year/year to $166.5 mln vs the $164.92 mln S&P Capital IQ Consensus.
  • Annual Contract Value (ACV) for new sales totaled $44.1 mln.
  • Reports Adjusted EBITDA of $56.3 mln, up 7% yr/yr, resulting in Adjusted EBITDA margin of 33.8%.
  • Co issues upside guidance for FY20, sees EPS of $0.57-$0.61 vs. $0.56 S&P Capital IQ Consensus; sees FY20 revs of $698-$718 mln vs. $697.73 mln S&P Capital IQ Consensus.
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