NASDAQ$MDRX

Veradigm Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Allscripts' Q2 2020 results demonstrated resilience amidst the COVID-19 pandemic, with a strategic agreement to sell the EPSi business unit and a focus on cost structure improvements.

Allscripts announced its Q2 2020 financial results, reporting revenue of $406 million and a GAAP loss per share of $0.05. The company signed a definitive agreement to sell its EPSi business unit for $365 million and focused on improving its cost structure, which led to expanded Adjusted EBITDA margins.

  • Allscripts' Q2 revenue reached $406 million.
  • The company signed an agreement to sell its EPSi business unit for $365 million.
  • Non-GAAP diluted EPS grew by 6% year-over-year to $0.18.
  • Allscripts focused on improving its cost structure and expanding Adjusted EBITDA margins.

Headline financials

Total Revenue

$369M

Previous: $411M-10.1%
EPS (adj)

-$0.04

Previous: -$0.90+95.6%
Bookings

$188M

Previous: $276M-31.9%
Contract revenue backlog

$4.4B

No prior period
Adjusted EBITDA

$77M

Previous: $75M+2.7%
Capital Expenditures

$2.08M

Previous: $4.58M-54.5%
Free Cash Flow

$20.6M

Previous: -$12.3M+267.1%
Net Income

-$7.5M

Previous: -$8.33M+10.0%
Operating Income

-$4.7M

Previous: -$13.6M+65.4%
Gross Profit

$138M

Previous: $159M-13.6%
Cash & Equivalents

$199M

Previous: $139M+43.3%
Total Assets

$3.19B

Previous: $3.24B-1.4%
Stock-Based Comp

$7.17M

Previous: $10.1M-29.3%

Revenue & EPS history

Allscripts · Revenue · Quarterly

$369M

Q2 2020-10.1%vs Q2 2019
Beat estimate in 3 of 9 quarters(33%)
ActualEstimate

Revenue by segment

Allscripts · $406M total across 2 segments · Q2 2020

  • Software delivery, support...
    $256M-10.2%
  • Client services
    $150M-5.8%

Forward guidance

Allscripts expects to remain disciplined around costs while also delivering for clients and benefit from a nimble operating model and the investments across the portfolio.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

-0.3%

Avg return

Earnings day

-0.5%

Avg return

5 days after

-0.9%

Avg return

30 days after

38%

20 / 52 earnings

Positive

+21.1%

Q2 2020

Best reaction

-17.9%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2022-0.2%-0.8%-1.3%
Q3 2022+9.9%+18.4%+33.7%
Q2 2022+11.1%+9.6%+5.4%
Q1 2022+3.0%+1.2%-7.9%
Q4 2021-2.1%-0.2%+9.4%
Q3 2021+7.6%+7.3%+19.2%
Q2 2021+1.7%-0.3%-11.1%
Q1 2021+1.4%+2.6%+2.8%
Q4 2020-4.8%-6.4%-5.6%
Q2 2020+21.1%+18.3%+21.0%
Q1 2020-7.2%-14.8%-10.1%
Q4 2019-3.2%+1.3%-11.0%
Q3 2019-4.1%-3.5%-13.5%
Q2 2019-5.1%-11.4%-9.4%
Q1 2019-0.3%+1.4%+3.5%
Q4 2018-8.7%-9.4%-17.1%
Q3 2018-17.9%-10.7%-15.2%
Q2 2018-3.5%-1.1%+5.0%
Q1 2018-2.3%+0.0%-5.9%
Q4 2017+0.5%+2.3%-11.5%
Q3 2017-3.5%-2.2%+10.5%
Q2 2017+13.5%+5.9%+13.3%
Q1 2017-1.4%-2.1%-5.5%
Q4 2016+1.1%-1.8%-3.3%
Q3 2016-9.8%-11.5%-9.6%
Q2 2016-2.5%-4.3%-9.7%
Q1 2016+3.5%
Q4 2015+0.5%
Q3 2015+4.5%
Q2 2015+0.8%
Q1 2015-1.3%
Q4 2014+2.9%
Q3 2014-16.8%
Q2 2014-2.6%
Q1 2014+1.6%
Q4 2013+1.6%
Q3 2013+1.5%
Q2 2013-3.4%
Q1 2013-0.9%
Q4 2012-1.1%
Q3 2012+0.0%
Q2 2012+19.4%
Q1 2012-0.0%
Q4 2011-1.9%
Q3 2011-2.8%
Q2 2011-2.6%
Q3 2010-0.2%
Q2 2010-2.5%
Q4 2009-2.5%
Q1 2011+1.0%
Q4 2010-3.4%
Q1 2010-3.4%

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