MTBC (NASDAQ:MTBC): Q4 Non-GAAP EPS of $0.09 beats by $0.02; GAAP EPS of -$0.20.
Revenue of $16.5M (+98.6% Y/Y) beats by $0.5M.
Press Release
Bill Korn continued, “Our Series A Preferred Stock has enabled us to raise capital on favorable terms to support our growth. We have the option of redeeming these shares any time we choose after November 2020. The small annual premium we pay in the monthly dividend gives us the freedom to decouple the timing of equity raises and investing our capital for growth. We don’t know of others in the industry with similar flexibility.”
MTBC (MTBC -4.9%) reports
Q4 sales almost doubled on Y/Y basis to $16.5M, primarily as a result of Orion acquisition
For FY 18, the company says that revenue and adj. EBITDA were both at-or-above the high end of guidance range
Adjusted EBITDA margin of 9% was slightly down from last year; adj. operating income margin was 7%.
Cash flow provided by operations was $2.1M.
The Company had ~$14.5M in cash and positive working capital of ~$17.9M.
For FY 2019, forecasts revenue of ~$63M-$65M, equivalent to Y/Y growth of 24%-29% over 2018; anticipates adj. EBITDA of ~$8M-$10M.