NASDAQ$MDRX

Veradigm Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Allscripts reported increased revenue and earnings per share in Q3 2021, driven by solid execution and continued focus on client success and shareholder value.

Allscripts announced its Q3 2021 financial results, reporting revenue of $369 million and GAAP diluted EPS of $0.12. The company also generated $57 million of cash flow from continuing operations and $35 million of free cash flow. Allscripts is increasing its 2021 outlook for Adjusted EBITDA and free cash flow.

  • GAAP diluted EPS was $0.12, while non-GAAP diluted EPS was $0.27, a 145% increase year-over-year.
  • The company generated $57 million in cash flow from continuing operations.
  • Free cash flow was $35 million in the third quarter.
  • Allscripts is increasing its 2021 outlook for Adjusted EBITDA and free cash flow.

Headline financials

Total Revenue

$369M

No prior period
EPS (adj)

$0.13

No prior period
Bookings

$166M

No prior period
Contract revenue backlog

$3.9B

No prior period
Adjusted EBITDA

$71M

No prior period
Capital Expenditures

-$23.7M

No prior period
Free Cash Flow

$35M

No prior period
Net Income

$16M

No prior period
Operating Income

$12M

No prior period
Gross Profit

$149M

No prior period
Cash & Equivalents

$214M

No prior period
Total Assets

$2.48B

No prior period
Stock-Based Comp

$8.78M

No prior period

Revenue & EPS history

Allscripts · Revenue · Quarterly

$369M

Q3 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 revising its expectations for Adjusted EBITDA and free cash flow for 2021 and affirming revenue expectations.

Tailwinds

  • Adjusted EBITDA is expected to be between $275 million and $285 million, an increase from the prior outlook of between $265 million and $275 million.
  • Free cash flow is expected to be between $145 million and $155 million, an increase from the prior outlook of between $115 million and $125 million.
  • Revenue is expected to be $1.5 billion.

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 Q3 2021

Historical avgQ3 2021

-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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