Alliance HealthCare Services (AIQ) Reports Q4 EPS of $0.04

Alliance HealthCare Services (NASDAQ: AIQ) reported Q4 EPS of $0.04, versus $0.30 reported last year. Revenue for the quarter came in at $123.7 million, versus $109.4 million reported last year.

“Our financial results for the first quarter reflect the continuation of the positive revenue momentum we built in 2015, reinforced by our strong market positions in Radiology and Oncology and our expanding footprint in Interventional services,” stated Tom Tomlinson, Chief Executive Officer and President of Alliance HealthCare Services. “We are pleased with the pace of execution against our long-term growth strategy. During the quarter we drove same store volume growth across our Radiology business while also delivering net new revenue growth in the core hospital segment. Alliance Oncology grew same store volume overall, both in linear accelerator and stereotactic radiosurgery disciplines. Now that we have successfully acquired two strong interventional practices, we are focused on integration of these practices and building a strong foundational infrastructure to support future growth in this new platform. In addition, we completed a transfer of ownership to a new majority shareholder, which should contribute to accelerating the growth and profitability of the Company. These accomplishments provide us confidence in the fundamentals of our business, our future prospects and our ability to generate revenue and Adjusted EBITDA growth for our investors over the course of 2016.”

For earnings history and earnings-related data on Alliance HealthCare Services (AIQ) click here.

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