INOV Investor Presentation
Full Year 2020 Financial Guidance
In the setting of the substantive contract wins achieved in the second quarter of 2020 and the expectation of additional
substantive wins during the second half of 2020, the Company raised the low end of its revenue range and increased
Adjusted EBITDA and non-GAAP diluted earnings per share, as well as made adjustments in net income and capital
expenditures for the full year 2020 guidance as provided below.
Financial Metric
Revenue
Net Income¹
Non-GAAP net income¹
Adjusted EBITDA
Net Cash Provided By Operating Activities
Capital Expenditures
Diluted Net Income Per Share1
Non-GAAP diluted net income per share1
Previous 2020 Financial
Guidance
Originally Provided April 29, 2020
$672 million to $698 million
$16 million to $22 million
$80 million to $85 million
$221 million to $231 million
$160 million to $175 million
$54 million to $60 million
$0.11 to $0.15
$0.53 to $0.57
Updated 2020 Financial
Guidance
Provided July 29, 2020
$675 million to $698 million
$15 million to $21 million
$85 million to $91 million
$226 million to $236 million
$160 million to $175 million
$60 million to $64 million
$0.10 to $0.14
$0.57 to $0.61
YOY
Change
5% to 9%
92% to 169%
10% to 17%
7% to 12%
50% to 64%
2% to 9%
100% to 180%
10% to 17%
(1) The Company is assuming 150 million weighted average diluted shares and an effective tax rate of approximately 28% for the full year 2020.
INOV Investor Presentation (8.20) v 1.0.3
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