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Vocera Communications, Inc. (NYSE: VCRA) announced the pricing of $200.0 million in 0.50% convertible senior notes due 2026. The offering is aimed at institutional buyers and is expected to close on March 12, 2021. Vocera anticipates net proceeds of approximately $193.9 million, which will be used for repurchasing existing notes and general corporate purposes. A portion will fund capped call transactions to mitigate dilution. The initial conversion rate is set at 16.6272 shares per $1,000 of notes, with a conversion price of about $60.14, a 35% premium over recent stock prices.
Vocera Communications, Inc. (NYSE: VCRA) announced a proposed offering of $200 million in convertible senior notes due 2026, with an option for an additional $30 million. Proceeds will be used for capped call transactions to mitigate dilution, repurchase some of its 1.50% Convertible Senior Notes due 2023, and support general corporate purposes, which include R&D and potential acquisitions. The notes are unsecured and mature on September 15, 2026, with various conversion options. Interest rates and terms are yet to be determined.
Vocera Communications (NYSE: VCRA) reported a total revenue of $56.6 million for Q4 2020, marking a 14% increase from the previous year. GAAP net income reached $0.1 million, an improvement from a net loss of $(1.7) million in Q4 2019. Non-GAAP net income rose to $9.7 million, compared to $4.9 million last year. The company anticipates full-year 2021 revenue between $215 million and $225 million, with a projected GAAP loss per share ranging from $(0.64) to $(0.44).
Vocera Communications, a leader in clinical communication solutions, announced its participation in several 2021 virtual investor conferences. CEO Brent Lang will meet with investors at the BTIG conference on Feb. 18, while CFO Justin Spencer will engage at the SVB Leerink conference on Feb. 24. The company is set to hold its annual Virtual Investor Briefing on March 1 at 11 a.m. ET, with a replay available online. Spencer will also speak at the Stephens conference on March 11. Investors are reminded that forward-looking statements involve risks and uncertainties.
Vocera Communications (NYSE:VCRA) announced that CFO Justin Spencer will leave the company in June to become a mission president for The Church of Jesus Christ of Latter-day Saints. Spencer, who has been with Vocera since August 2014, will remain until a smooth transition is achieved. CEO Brent Lang praised Spencer's significant contributions toward the company's growth and strategic goals. Vocera will search for a new CFO committed to its mission. The company is set to report its Q4 2020 results on February 11, 2021.
Vocera Communications, a leader in clinical communication solutions, will release its fourth quarter financial results for the period ending December 31, 2020, on February 11, after market close. A conference call for investors will occur at 5 p.m. ET on the same day, and a live webcast will be available on their website. Additionally, the call can be accessed via phone. Vocera aims to enhance the healthcare experience and improve operational efficiency across over 2,100 facilities globally, providing critical communication solutions for healthcare professionals.
Vocera Communications (NYSE:VCRA) announced the deployment of its Vocera Ease application at Beverly Knight Children’s Hospital, Navicent Health, enhancing communication in the neonatal intensive care unit (NNICU). This application allows parents to stay connected with infants by sending secure texts and photos, with the first week seeing 290 messages and 257 photos sent to loved ones. The NNICU, which serves over 700 infants annually, utilizes this technology to improve family satisfaction and support safety protocols, demonstrating Vocera’s commitment to innovative healthcare solutions.
Cone Health successfully transformed its Green Valley campus in Greensboro, North Carolina, into the area's first specialized COVID-19 hospital within 28 days. By the end of the year, over 1,500 patients received care in the 116-bed facility. The redesign involved more than 80 leaders and incorporated advanced technology, including the Vocera Smartbadge, which allows hands-free communication under PPE. The initiative was aimed at ensuring the safety of both patients and staff while providing high-quality care amidst the ongoing pandemic.
Vocera Communications (NYSE:VCRA) is partnering with Lake of the Woods District Hospital (LWDH) in Ontario to enhance clinical communication as part of the All Nations Hospital Project. The integration of Vocera's intelligent communication solutions aims to improve operational efficiencies and patient care, particularly in light of COVID-19. The solutions like the Vocera Smartbadge and Vocera Vina will facilitate hands-free communication for healthcare workers, ensuring safety and efficiency. This initiative is pivotal as LWDH redevelops into a digital-first hospital.
Vocera Communications (NYSE:VCRA) announced that its Vocera Smartbadge has been recognized in TIME's 100 Best Inventions of 2020. The Smartbadge, designed for healthcare professionals, facilitates hands-free communication, minimizing contamination risks while ensuring quick access to vital healthcare resources. It integrates with over 150 clinical systems and offers features like a touchscreen and a panic button. CEO Brent Lang emphasized the importance of this technology during the pandemic, aiming to improve safety and operational efficiency for healthcare workers.
