U.S. Markets close in 5 hrs 27 mins

Free Research Report as Quality Systems' Quarterly Revenues Advanced 4%

Stock Monitor: Streamline Health Solutions Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 25, 2018 / If you want access to our free earnings report on Quality Systems, Inc. (NASDAQ: QSII), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=QSII. The Company reported its fourth quarter and full fiscal year 2018 operating and financial results on May 24, 2018. The provider of health care information system reported better than expected revenues and earnings results. Additionally, the Company provided guidance for the upcoming quarter and fiscal year.

Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Streamline Health Solutions, Inc. (NASDAQ: STRM), which also belongs to the Technology sector as the Company Quality Systems. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=STRM

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Quality Systems most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=QSII

Earnings Highlights and Summary

For the fourth quarter of the fiscal year 2018, Quality Systems' revenues were $135.8 million, up 4% compared to $132.4 million in Q4 FY17. The Company's revenue numbers beat analysts' estimates of $131.8 million.

On a GAAP basis, Quality Systems' net loss was $11.0 million, or $0.17 loss per diluted share, in Q4 FY18 compared to a net income of $4.4 million, or $0.07 per diluted share, in Q4 FY17. The Company's non-GAAP net income was $10.4 million, or $0.16 per diluted share, in the reported quarter compared to $12.7 million, or $0.21 per diluted share, in the year earlier same quarter. Quality Systems' earnings per share (EPS) exceeded Wall Street's estimates of $0.16.

For the full fiscal year ended March 31, 2018, Quality Systems' revenues reached $531.0 million, up 4% compared to $509.6 million in the full fiscal year 2017.

Quality Systems' GAAP net income was $2.4 million, or $0.04 per diluted share, in FY18 versus $18.2 million, or $0.29 per diluted share, in FY17. The Company's non-GAAP net income was $44.5 million, or $0.70 per diluted share, in FY18 compared to $50.8 million, or $0.82 per diluted share, in FY17.

Operating Results

During Q4 FY18, Quality Systems' software, license, and hardware revenues decreased 7% to $15.4 million on a y-o-y basis. The Company's subscription revenues increased 12% to $26 million versus the year ago comparable period; primarily driven by its NextGen Office solution, formerly known as MediTouch; and contribution from analytics and mobile solutions, the Entrada and EagleDream acquisitions, which were completed in April 2017 and August 2017, respectively.

For Q4 FY18, Quality Systems' support and maintenance revenues fell 3% to $40.6 million compared to the year ago same period, due to the uptick in legacy maintenance attrition. For the reported quarter, the Company's revenue cycle management and related service revenues decreased 4% to $19.7 million on a y-o-y basis. Quality Systems' electronic data interchange and related services revenues remained flat at $23.3 million on a y-o-y basis.

During Q4 FY18, 81% of Quality Systems' total revenues was recurring in nature compared to 82% a year ago; and amounted to $110 million, increasing 1% compared to the year ago corresponding period. Quality Systems' bookings came in at $36.8 million in the reported quarter, up 9% on a y-o-y basis.

Cash Matters

As of March 31, 2018, Quality Systems had $31.2 million of cash and cash equivalents, and $37 million outstanding against its revolving credit agreement. The Company's capital expenditure in the reported quarter was $2.2 million.

Financial Outlook

For the full fiscal year 2019, Quality Systems is forecasting revenues to be between $532 million and $548 million. The Company is expecting non-GAAP earnings per diluted share to be in the range of $0.70 and $0.78.

Stock Performance Snapshot

June 22, 2018 - At Friday's closing bell, Quality Systems' stock marginally dropped 0.54%, ending the trading session at $20.14.
Volume traded for the day: 254.04 thousand shares.

Stock performance in the last month – up 37.57%; previous three-month period – up 52.58%; past twelve-month period – up 16.89%; and year-to-date – up 48.31%

After last Friday's close, Quality Systems' market cap was at $1.28 billion.

Price to Earnings (P/E) ratio was at 169.24.

The stock is part of the Technology sector, categorized under the Healthcare Information Services industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors