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Vocera Announces Second Quarter Revenue of $42.7 million

SAN JOSE, Calif. - July 26, 2018 - Vocera Communications, Inc. (NYSE: VCRA), a recognized leader in clinical communication and workflow solutions, today reported total revenue of $42.7 million for the second quarter of 2018, an increase of 8% compared to revenue of $39.7 million in the second quarter of 2017.

“The completeness of our unique solution remains a strong differentiator for us,” said Brent Lang, President and Chief Executive Officer of Vocera. “We closed several large customer wins, and our cross-selling efforts are succeeding. We booked four deals each over $2 million dollars, with strong momentum in the Federal space.”

Second quarter of 2018 financial highlights include:

Total revenue of $42.7 million, up 8% year-over-year
GAAP net loss per share of $(0.12); non-GAAP net income per share of $0.09
GAAP net loss of $(3.6) million; Adjusted EBITDA of $3.5 million
Deferred revenue of $53.4 million as of June 30, 2018
Cash, cash equivalents and short-term investments of $206.3 million as of June 30, 2018

Second Quarter 2018 Results
Total revenue for the second quarter of 2018 was $42.7 million, compared to $39.7 million in the second quarter of 2017.

(in thousands)
Three months ended June 30,
 
2018
 
2017
 
% change
Product revenue
 
 
 
 
 
Device
$
15,049

 
$
14,990

 
0.4
 %
Software
6,775

 
6,002

 
12.9

Total product
$
21,824

 
$
20,992

 
4.0
 %
 
 
 
 
 
 
Service revenue
 
 
 
 
 
Maintenance and support
$
15,505

 
$
12,670

 
22.4
 %
Professional services and training
5,357

 
5,996

 
(10.7
)
Total service
20,862

 
18,666

 
11.8

Total revenue
$
42,686

 
$
39,658

 
7.6
 %




The following information was filed by Vocera Communications, Inc. (VCRA) on Thursday, July 26, 2018 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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