Tabula Rasa HealthCare Reports Third Quarter 2020 Results
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Tabula Rasa HealthCare (TRHC) Misses Q3 EPS by 5c, Revenues Miss; Offers FY20 Revenue Guidance Below Consensus
November 3, 2020 4:37 PM ESTTabula Rasa HealthCare (NASDAQ: TRHC) reported Q3 EPS of ($0.01), $0.05 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $70.51 million versus the consensus estimate of $75.81 million.
Third Quarter 2020 Financial Results
All comparisons, unless otherwise noted, are to the three months ended September 30, 2019.
Total revenue - Total revenue of $70.5 million declined 5% as compared to $74.3 million. Total revenue included product revenue of $39.4 million, an increase of 13%, and solutions (i.e. software and services) revenue of $31.1 million, a decrease of 21%.Total revenue by segment° CareVention HealthCare revenue increased 9%... More