NASDAQ$MDRX

Veradigm Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Allscripts reported a consolidated revenue increase, driven by growth in Veradigm revenue and improved profitability, while also completing the sale of its Hospital and Large Physician Practices Segment.

Allscripts reported second quarter results with year-over-year growth in revenue, gross profit, and Adjusted EBITDA. The company completed the sale of its Hospital and Large Physician Practices Segment. Consolidated GAAP net loss totaled $64 million, while non-GAAP net income was $22 million.

  • Second quarter bookings of $107 million and $172 million year-to-date, up 10% from the first half of 2021
  • Veradigm revenue was $145 million compared with $133 million in the second quarter of 2021
  • Consolidated Allscripts revenue was $151 million compared with $141 million in the second quarter of 2021
  • Generated $42 million of cash flow from continuing operations in the quarter

Headline financials

Total Revenue

$151M

Previous: $141M+6.9%
EPS (adj)

-$0.56

Previous: $0.16-450.0%
Adjusted EBITDA

$39M

Previous: $69M-43.5%
Capital Expenditures

-$10.3M

Previous: $2.87M-457.4%
Free Cash Flow

$32.2M

Previous: $51M-36.9%
Net Income

-$64M

Previous: $22M-390.9%
Operating Income

-$5M

Previous: $10M-150.0%
Gross Profit

$79.5M

Previous: $68.4M+16.2%
Cash & Equivalents

$500M

Previous: $229M+118.1%
Total Assets

$1.71B

Previous: $2.54B-32.5%
Stock-Based Comp

$9.02M

Previous: $14.2M-36.6%

Revenue & EPS history

Allscripts · Revenue · Quarterly

$151M

Q2 2022+6.9%vs Q2 2021
Beat estimate in 3 of 9 quarters(33%)
ActualEstimate

Revenue by segment

Allscripts · $369M total across 2 segments · Q3 2021

  • Software delivery, support...
    $223M
  • Client services
    $147M

Forward guidance

Allscripts is affirming its prior annual outlook and currently expects to achieve:

Tailwinds

  • Veradigm revenue growth year-over-year between 6% to 7%
  • Veradigm Adjusted EBITDA growth year-over-year between 10% to 15%
  • Free cash flow from continuing operations between $110 million to $120 million

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 2022

Historical avgQ2 2022

-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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