Inovalon Holdings, Inc. (NASDAQ: INOV) above +0.07% and ended at $+0.01. The stock’s market capitalization arrived at $2.299B and total traded volume was 195,577 shares. The stock has a 52-week highest price of $15.65 and its 52-week lowest price was called at $9.19. During last trade, its maximum trading price was registered $15.12 and it’s the minimum trading price was noted $14.89.

Inovalon Holdings, Inc. (NASDAQ: INOV), recently reported financial results for the first quarter of 2019.

• Revenue for the first quarter of 2019 was $145.5M, a year-over-year increase of 57% contrast with $92.8M for the first quarter of 2018. Organic revenue growth²was 14% year-over-year.
• Cost of revenue for the first quarter of 2019 was $37.2M, or 25.6% of revenue, contrast with $33.5M, or 36.1% of revenue for the first quarter of 2018.
• Net loss for the first quarter of 2019 was $8.3M, resulting in net loss of $0.06 per share, contrast with a net loss of $16.8M and $0.12 per share, respectively, for the first quarter of 2018.
• Adjusted EBITDA for the first quarter of 2019 was $44.5M, a year-over-year increase of 466% contrast with $7.9M for the first quarter of 2018. Adjusted EBITDA margin for the first quarter of 2019 was 30.6%, a year-over-year increase of 2,210 basis points contrast with 8.5% for the first quarter of 2018.
• Non-GAAP net income for the first quarter of 2019 was $14.7M, resulting in Non-GAAP net income per share of $0.10, contrast with Non-GAAP net loss of $5.0M and Non-GAAP net loss of $0.04 per share, respectively, for the first quarter of 2018.
• Net cash provided by operating activities for the first quarter of 2019 was $14.8M, a year-over-year increase of 115% contrast with $6.9M for the first quarter of 2018.