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Vocera +12.8% as it beats in Q3, acquires Extension Healthcare

Published 10/27/2016, 06:50 PM
Vocera +12.8% as it beats in Q3, acquires Extension Healthcare
  • Vocera Communications is up 12.8% after hours, after logging beats on top and bottom lines in its Q3 earnings and acquiring Extension Healthcare.
  • Vocera's acquisition of the Indiana-based hospital communications firm comes at $55M in all cash. The two companies were existing partners, share more than 40 hospital customers, and will work to deepen interoperability of Vocera's platform with more than 120 clinical systems, with the help of Extension's Engage software solution for clinical integration.
  • Revenue rose 28% and adjusted EBITDA was $2.6M, beating an expected $0.9M.
  • Deferred revenue came to $41.8M. Cash, equivalents and short-term investments were $121.6M against no debt.
  • Revenue breakout: Product, $19.3M (up 36.5%); Service, $14.5M (up 17.4%). Among product sales, device sales rose 35% and software sales rose 40.6%. In Services, maintenance and support revenues rose 12% while professional services and training rose 38.9%.
  • Press Release

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