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Jun 30, 2021
Allscripts Q2 2021 Earnings Report
Allscripts' second quarter results for 2021 were announced, revealing an increase in non-GAAP EPS and revenue compared to the previous year.
Key Takeaways
Allscripts announced positive financial results for Q2 2021, with GAAP diluted EPS at $0.15 and non-GAAP diluted EPS at $0.23, a 35% year-over-year increase. The company generated $69 million in cash flow from continuing operations and $51 million in free cash flow. They are increasing their 2021 outlook for Adjusted EBITDA and free cash flow and affirming revenue expectations.
GAAP diluted EPS was $0.15, while non-GAAP diluted EPS reached $0.23, marking a 35% increase year-over-year.
Cash flow from continuing operations amounted to $69 million, with free cash flow generation of $51 million.
The company is raising its 2021 outlook for Adjusted EBITDA and free cash flow.
Bookings for the second quarter of 2021 totaled $180 million, compared to $164 million in the second quarter of 2020.
Revenue by Segment
Forward Guidance
Allscripts revised its Adjusted EBITDA and free cash flow expectations upward for the year 2021 while revenue expectations are affirmed.
Positive Outlook
- Adjusted EBITDA is expected to be between $265 million and $275 million, increased from the prior outlook of between $240 million and $260 million.
- Free cash flow is projected to be between $115 million and $125 million, an increase from the prior outlook of between $90 million and $100 million.
- Revenue is affirmed at $1.5 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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