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Vocera Announces Fourth Quarter 2020 Financial Results

SAN JOSE, Calif. - February 11, 2021 -
Vocera Communications, Inc. (NYSE: VCRA), a recognized leader in clinical communication and workflow solutions, today reported total revenue of $56.6 million for the fourth quarter of 2020, an increase of 14% compared to last year.

“We had an outstanding Q4. Strong execution by our enhanced sales organization and the rising priority of our solutions translated into excellent performance in our business across the board,” said Brent Lang, Chairman and CEO. “This year, we faced unprecedented challenges around the world and rallied as a company to deliver the best results in our history.”

Fourth quarter of 2020 financial highlights include:

Total revenue of $56.6 million, up 14% compared to $49.7 million last year
GAAP net income of $0.1 million compared to a GAAP net loss of $(1.7) million last year
Non-GAAP net income of $9.7 million compared to $4.9 million last year
Adjusted EBITDA of $13.1 million compared to $6.9 million last year
Full-year bookings were $233.3 million, up 17% year-over-year
Deferred revenue and backlog combined of $173.9 million as of December 31, 2020, an increase of 28% over last year

Fourth Quarter 2020 Results
Total revenue for the fourth quarter of 2020 was $56.6 million, an increase of 14% compared to last year.
(in thousands)Three months ended December 31,
20202019% change
Product revenue
Device$21,291 $17,658 20.6 %
Software8,965 9,257 (3.2)
Total product$30,256 $26,915 12.4 %
Service revenue
Subscription and support$21,082 $17,987 17.2 %
Professional services and training5,247 4,750 10.5 
Total service26,329 22,737 15.8 %
Total revenue$56,585 $49,652 14.0 %



The following information was filed by Vocera Communications, Inc. (VCRA) on Thursday, February 11, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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