athenahealth, Inc. (NASDAQ: ATHN) (the “Company”), a leading provider of cloud-based electronic health record ( EHR), practice management, and care coordination services to medical groups and health systems, today updated financial guidance for fiscal year 2012 and announced financial guidance for fiscal year 2013. The Company will host its Fifth Annual Investor Summit tomorrow, Thursday, December 6, 2012, starting at 8:30 a.m. Eastern Time to provide an update on the Company’s business and share management’s outlook for future financial and operational performance.
The Company’s fiscal year 2012 and 2013 guidance is presented below:
|For the Fiscal Year Ending:|
|December 31, 2012||December 31, 2013|
|GAAP Total Revenue||$420 - $425 million||$525 - $550 million|
|Non-GAAP Adjusted Gross Margin||62% - 63%||62% - 63%|
|Non-GAAP Adjusted Operating Income||$61 - $65 million||$75 - $82 million|
|Non-GAAP Adjusted Net Income per Diluted Share||$0.95 - $1.00||$1.15 - $1.25|
|GAAP Effective Tax Rate||45% - 46%||43% - 44%|
“We believe that athenahealth’s business model of innovative, integrated cloud-based services is the platform of the future,” said Tim Adams, the Company’s Chief Financial Officer. “athenahealth is uniquely positioned to help medical care givers thrive in a rapidly changing and complex environment. We are excited about our growth opportunities and are pleased to present our ambitious expectations for fiscal year 2013. We continue to build plans that give us the opportunity to achieve our 30% annual top-line growth objective. Accordingly, we will continue to invest wisely towards achieving our growth objectives and look to deliver higher profitability and shareholder value over the long term.”
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV