MTBC Reports Record Full Year 2019 Results
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MTBC (MTBC) Tops Q4 EPS by 27c, Revenues Miss; Offers FY20 Revenue Mid-Point Guidance Above Consensus
February 28, 2020 7:06 AM ESTMTBC (NASDAQ: MTBC) reported Q4 EPS of $0.20, $0.27 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $15.8 million versus the consensus estimate of $16.13 million.
2019 Fourth Quarter Highlights
Fourth quarter revenue 2019 of $15.8 millionRecord GAAP operating income of $864,000Record adjusted operating income of $2.5 million, or 16% of revenueRecord GAAP net income of $332,000Record adjusted net income of $2.4 million, or $0.20 per shareRecord adjusted EBITDA of $2.8 millionWe are pleased to report record 2019 results, including 27% growth in revenue to $64.4 million, while growing our adjusted EBITDA by 69% to a... More
