Nordic Capital

Founded in 1989, Nordic Capital is a private equity firm headquartered in Stockholm, Sweden. The firm seeks to invest in Northern Europe and North America with a focus on healthcare, technology, payments, financial services, business services, and industrial sectors.

https://www.nordiccapital.com/

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

• Update: Acquired by Nordic Capital and Insight Partners for $7.3 Billion. (Aug 19, 2021) 

** 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.