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Inovalon Announces 2021 Virtual Investor Day BOWIE, Md., April 29, 2021 (GLOBE NEWSWIRE) Inovalon (Nasdaq: INOV), a leading provider of cloud-based platforms empowering data-driven healthcare, today announced that it will host a virtual Investor Day on Tuesday, May 18, 2021 beginning at 10 a.m. ET. The virtual Investor Day is expected to run approximately 2.5 hours. Executives from Inovalon will provide an overview and discussion of the Company’s vision, growth strategy, markets, cloud-based platform capabilities, and financial information. Inovalon will webcast the event on the Investor Relations section of its website at www.inovalon.com. A replay of the event as well as a copy of all presentation materials will be available on its website following the event. ....
AIDS Healthcare Foundation Selects the Inovalon ONE® Platform World’s Largest Provider of HIV/AIDS Medical Care Will Implement ScriptMed® Cloud to Improve Clinical Outcomes for Patients February 08, 2021 07:55 ET | Source: Inovalon Holdings, Inc. Inovalon Holdings, Inc. Bowie, Maryland, UNITED STATES BOWIE, Md., Feb. 08, 2021 (GLOBE NEWSWIRE) Inovalon (Nasdaq: INOV), a leading provider of cloud-based platforms empowering data-driven healthcare, today announced an 8-year engagement with the AIDS Healthcare Foundation (AHF), the world’s largest provider of HIV/AIDS medical care. The engagement will provide cloud-based capabilities delivered through the Inovalon ONE ® Platform and will support AHF’s data-driven strategy to improve clinical and quality outcomes and economics for its more than 1.5 million patients in 45 countries. ....
Share: Q4 revenue of $189.7 million, up 9% year-over-year, and up 18% sequentially Q4 subscription-based platform revenue of $163.5 million, up 14% year-over-year and up 15% sequentially, equating to 86% of Q4 total revenue Q4 net income of $21.4 million, resulting in diluted net income of $0.14 per share Q4 Non-GAAP net income of $30.8 million, resulting in Non-GAAP diluted net income of $0.21 per share, up 40% year-over-year, and up 31% sequentially Q4 Adjusted EBITDA of $68.1 million, up 18% year-over-year, and up 16% sequentially Q4 Adjusted EBITDA margin of 35.9%, up 270 basis points year-over-year Q4 new sales ACV Full Year 2020 Highlights Full year subscription-based platform revenue of $585.1 million, up 10% year-over-year Full year net income of $22.6 million, resulting in diluted net income of $0.15 per share, up 200% year-over-year ....