Loading...
•
Dec 31, 2019
Allscripts Q4 2019 Earnings Report
Allscripts' Q4 2019 results were announced, revealing increased bookings and revenue, but a GAAP net loss was reported.
Key Takeaways
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.
Revenue by Segment
Forward Guidance
Allscripts provided financial outlook for the full year 2020 and first quarter 2020.
Positive Outlook
- 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
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...