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Sep 30, 2022
Allscripts Q3 2022 Earnings Report
Allscripts' third quarter results were announced, marked by revenue growth and increased operating profit.
Key Takeaways
Allscripts reported a revenue of $152 million, an increase from $145 million in the third quarter of 2021. The company's operating profit also saw a year-over-year increase of over 30%. Additionally, Allscripts generated $42 million in cash flow from continuing operations.
Consolidated revenue reached $152 million.
Operating profit increased over 30% year-over-year.
Cash flow from continuing operations was $42 million.
Veradigm revenue increased to $145 million, compared to $137 million in the third quarter of 2021.
Forward Guidance
Allscripts is affirming its prior annual outlook and currently expects to achieve Veradigm revenue growth year-over-year between 6% to 7%, Veradigm Adjusted EBITDA growth year-over-year between 10% to 15% and Free cash flow from continuing operations between $110 million to $120 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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