BioTelemetry (BEAT) Tops Q1 EPS by 2c; Withdraws Guidance

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Go back to BioTelemetry (BEAT) Tops Q1 EPS by 2c; Withdraws Guidance

BioTelemetry, Inc. Reports First Quarter 2020 Financial Results

May 6, 2020 4:05 PM EDT

MALVERN, Pa., May 06, 2020 (GLOBE NEWSWIRE) -- BioTelemetry, Inc. (NASDAQ: BEAT), the leading remote medical technology company focused on the delivery of health information to improve quality of life and reduce cost of care, today reported results for the quarter ended March 31, 2020.

Quarter Highlights

Recognized quarterly revenue of $113.0 millionReached 8.7% year-over-year quarterly revenue growthAchieved 31st consecutive quarter of year-over-year revenue growthReported quarterly GAAP net income of $7.1 million, or 6.3% of revenueRealized quarterly adjusted EBITDA of $29.5 million, or 26.1% of revenue... More