MTBC (MTBC) Misses Q2 EPS by 3c, Miss on Revenues; Offers FY Revenue Guidance Below Consensus

MTBC (NASDAQ: MTBC) reported Q2 EPS of ($0.20), $0.03 worse than the analyst estimate of ($0.17). Revenue for the quarter came in at $7.78 million versus the consensus estimate of $8.1 million.

• Revenue of $16.0 million for the first half of 2017, 55% growth over first half 2016
• GAAP net loss of $1.7 million for second quarter 2017, an improvement of $1.0 million from first quarter
• Non-GAAP adjusted net income of ($77,000) for the quarter, a $775,000 improvement from first quarter
• GAAP operating loss of $1.4 million for the quarter
• Non-GAAP adjusted operating income of $149,000, our first positive quarter ever as a public company
• Adjusted EBITDA of $468,000 for the quarter, a $781,000 improvement from first quarter 2017 and the highest quarter ever as a public company

GUIDANCE:

MTBC sees FY 2017 revenue of $31-32 million, versus the consensus of $32.6 million.

For earnings history and earnings-related data on MTBC (MTBC) click here.

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