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Inovalon Reports Fourth Quarter and Full Year 2020 Results

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

Employing technology to drive better patient care and cost-savings

By AllianceRx Walgreens Prime A patient s medical history includes years of data reflecting their medical conditions, co-morbidities, medications, laboratory results and additional information related to their health and well-being. While this data can be valuable in helping doctors, pharmacists and other clinicians optimize patient care, the challenge often comes down to how it is accessed, stored and shared. Health data can be housed within numerous silos, including data stores, electronic health records and health information exchanges, making it difficult for members of a patient s care team to share information and harness its collective insights. Despite comprehensive health data being critical for improving outcomes and providing timely and cost-effective care, it s not always readily available. This often requires patients to provide their information through a manual process, which presents more opportunities for human error.

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