NASDAQ$MDRX

Veradigm Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Allscripts' Q4 2019 results were announced, revealing increased bookings and revenue, but a GAAP net loss was reported.

Allscripts reported a 6% year-over-year increase in bookings, reaching $312 million in Q4 2019. GAAP revenue increased to $451 million, while a GAAP net loss of $19 million was reported, contrasting with the previous year's net income. The company also extended its managed services agreement with Northwell Health and saw its contract revenue backlog rise to $4.4 billion.

  • Allscripts Q4 2019 bookings increased by 6% year-over-year, reaching $312 million.
  • The company extended its Allscripts Managed Services Agreement with Northwell Health through 2026.
  • Contract revenue backlog increased by $500 million, totaling $4.4 billion at the end of Q4.
  • Rick Poulton was named President and Chief Financial Officer, effective March 3, 2020.

Headline financials

Total Revenue

$414M

Previous: $188M+120.2%
EPS (adj)

-$0.13

Previous: $2.13-106.1%
Bookings

$312M

Previous: $295M+5.8%
Contract revenue backlog

$4.4B

No prior period
Adjusted EBITDA

$74M

No prior period
Capital Expenditures

$3.13M

Previous: $4.64M-32.6%
Free Cash Flow

$9.19M

Previous: -$18.3M+150.2%
Net Income

-$19M

Previous: -$35.8M+47.0%
Operating Income

-$35M

Previous: -$32.3M-8.2%
Gross Profit

$153M

Previous: $72.5M+110.4%
Cash & Equivalents

$130M

Previous: $174M-25.6%
Total Assets

$3.21B

Previous: $3.18B+0.8%
Stock-Based Comp

$9.42M

Previous: $4.83M+95.1%

Revenue & EPS history

Allscripts · Revenue · Quarterly

$414M

Q4 2019+120.2%vs Q4 2018
Beat estimate in 3 of 9 quarters(33%)
ActualEstimate

Revenue by segment

Allscripts · $451M total across 2 segments · Q4 2019

  • Software delivery, support...
    $282M-2.6%
  • Client services
    $169M+10.6%

Forward guidance

Allscripts provided financial outlook for the full year 2020 and first quarter 2020.

Tailwinds

  • Full year 2020 bookings between $900 million and $1,000 million
  • Full year 2020 revenue between $1,750 million and $1,850 million
  • Full year 2020 non-GAAP earnings per share between $0.70 and $0.75
  • First quarter 2020 bookings between $175 million and $200 million
  • First quarter 2020 revenue between $420 million and $430 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 Q4 2019

Historical avgQ4 2019

-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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