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  "documentTitle": "Inovalon | Results Presentation Deck | 27 slides",
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  "authorName": "Inovalon",
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  "presentationDate": "2019-07-01 00:00:00",
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  "notes": "The slide uses a numbered list to present key performance indicators.",
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      "text": "1. Continued Strong Annual Recurring Revenue Base: SaaS-enabled subscription-based revenue representing 80% of Q2 2019 revenue, up from 78% in Q2 2018.\n2. Continued Strong Organic Sales ACV Metrics: Strong market adoption with Q2 2019 new and expanded contracts sales Annualized Contract Value (ACV), excluding Services, of $38.7 million, up 39% sequentially from Q1 2019, with Q2 2019 Trailing Twelve Months (TTM) new sales ACV of $156.3 million (up 69% YoY).\n3. Continued Strong Margins: Strong Q2 2019 gross margin of 74%, and Adjusted EBITDA margin of 33.3%.\n4. Continued Strong Cash Flow: Strong Q2 2019 net cash from operating activities of $25.2 million (inclusive of $15.9 million in interest payments), a year-over-year increase of 90%.\n5. Strong Q2 2019 TTM Results: “Inovalon 2.0” transformation initiatives continued to drive strong TTM financial performance with Q2 2019 TTM revenue of $584.6 million (up 23% from TTM Q2 2018), Adj. EBITDA of $188.0 million (up 61% from TTM Q2 2018), Non-GAAP net income per share of $0.39 (up 63% from TTM Q2 2018), and Free Cash Flow¹ of $58.9 million (up $62.2 million from TTM Q2 2018).",
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      "text": "Following an important period of meaningful transformation, Inovalon's cloud-based platform capabilities are increasingly being recognized for their market leadership and differentiation, driving strong value-delivery for clients, and resulting in significant sales expansion, revenue growth, operating leverage, and financial performance for the Company.",
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      "text": "Note: Please see slide 25 for definitions of the footnoted terms above.\n¹Free Cash Flow is defined as net cash provided by operating activities less purchases of property and equipment and less investment in capitalized software",
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      "kind": "title",
      "text": "Q2 2019 Highlights",
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