Tabula Rasa HealthCare Reports First Quarter 2020 Results
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Tabula Rasa HealthCare (TRHC) Misses Q1 EPS by 1c, Revenues Beat; Offers 2Q Revenue Guidance Below Consensus, Maintains FY20 Revenues Mid-Point Guidance Above Consensus
May 7, 2020 5:15 PM EDTTabula Rasa HealthCare (NASDAQ: TRHC) reported Q1 EPS of ($0.01), $0.01 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $72.8 million versus the consensus estimate of $71.64 million.
First Quarter 2020 Highlights
Total revenue of $72.8 million, near the high end of our guidance range of $68.5 million to $73.5 million for the first quarter of 2020, increased 19%, on a reported basis, and 9%, on an organic basis, compared to a year ago.Non-GAAP Adjusted EBITDA of $4.8 million, near the high end of our guidance range of $4.0 million to $5.0 million for the first quarter of 2020,... More