The Chicago-based electronic health records company posted $13.4 million in operating income for the quarter, up from a $26.9 million operating loss in 2020 s first quarter. The company s adjusted earnings before interest, taxes, depreciation and amortization or EBITDA margin was 18.3%, compared to 9.6% for last year s quarter.
Allscripts reported a 19.7% adjusted EBITDA margin for its clinical and financial solutions segment and a 15.4% adjusted EBITDA margin for its data, analytics and care coordination segment. This is the cleanest quarter of financial reporting that we ve had in years, said Rick Poulton, president and CFO, on a call with investment analysts Thursday.
Allscripts last year hired advisory firm AlixPartners as part of a margin improvement plan. Poulton on Thursday shared an updated long-term target goal of a full-year 18-20% adjusted EBITDA margin for its clinical and financial solutions segment and a full-year 23-25% adjusted EBITDA margin for its data, analyti
Allscripts Q1 revenue dips 3%, operating income up to $13.4M
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Allscripts Healthcare Solutions on Thursday posted $368.4 million in revenue for 2021 s first quarter, down 3.4% from $381.4 million in revenue posted during the same period last year.
Allscripts first-quarter revenue comprises $222.7 million from software delivery, support and maintenance, down 4% year-over-year, and $145.7 million from client services, down 2.4%.
The Chicago-based electronic health records company posted $13.4 million in operating income for the quarter, up from a $26.9 million operating loss in 2020 s first quarter. The company s adjusted earnings before interest, taxes, depreciation and amortization or EBITDA margin was 18.3%, compared to 9.6% for last year s quarter.