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Dec 31, 2019
Semler Scientific Q4 2019 Earnings Report
Semler Scientific reported record results for Q4 and year end 2019.
Key Takeaways
Semler Scientific reported financial results for the three months and year ended December 31, 2019, showing record performance.
Company's three largest customers comprised 49.4%, 13.2% and 12.5% of annual revenues.
Revenues from fixed price software license fee arrangements were approximately $22,913,000.
Variable priced software license revenues were approximately $8,927,000.
Equipment/other sales were $927,000.
Semler Scientific
Semler Scientific
Forward Guidance
In 2020, Semler Scientific expects continued profitability and generation of cash from operating activities, as well as increased spending to support anticipated growth in its business. It is the company’s intent to grow annual revenues at a faster rate than annual expenses and to remain profitable.
Positive Outlook
- Continued profitability expected.
- Generation of cash from operating activities expected.
- Increased spending to support anticipated growth in its business.
- Intent to grow annual revenues at a faster rate than annual expenses.
- Intent to remain profitable.