|Bid||7.27 x 1100|
|Ask||7.29 x 1400|
|Day's Range||6.67 - 7.37|
|52 Week Range||3.25 - 7.37|
|Beta (5Y Monthly)||1.76|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
By Brian Marckx, CFA NASDAQ:MTBC READ THE FULL MTBC RESEARCH REPORT MTBC Inc (NASDAQ:MTBC) started 2020 with a bang, announcing and closing on their largest acquisition to-date less than two weeks into the new year. CareCloud Corporation brings a proprietary, relatively very well-known (revenue-based) EHR platform and a customer base of more than 7,000 providers. The acquisition closed on January
MTBC, a publicly traded cloud-based health care IT company, has acquired Miami-based CareCloud Corp. The deal is valued at $36 million. If CareCloud's 2020 revenue exceeds $36 million, the seller will receive a payment equal to the excess up to $3 million. CareCloud CEO Ken Comeé will exit his role as CEO of CareCloud and serve as a senior advisor to MTBC, and CareCloud CFO Noel Marsden will assume the role of divisional president of CareCloud at MTBC.
By Brian Marckx, CFA NASDAQ:MTBC READ THE FULL MTBC RESEARCH REPORT Q3 2019 Results: MTBC, Inc (NASDAQ:MTBC) reported financial results for their third quarter 2019 and provided a business update. Revenue was down 1% yoy, up 1% qoq and about 6% better than our estimate . While our revenue estimates for both (what we refer to as) MTBC’s legacy business and that related to Orion appear to be almost
It hasn't been the best quarter for MTBC, Inc. (NASDAQ:MTBC) shareholders, since the share price has fallen 16% in...
SOMERSET, N.J., Oct. 04, 2019 (GLOBE NEWSWIRE) -- MTBC, Inc. (NASDAQ:MTBC) (NASDAQ: MTBCP), a leading provider of cloud-based healthcare IT solutions and services, today announced their 6-part training series, which is designed to empower healthcare providers to successfully integrate telemedicine into their existing practices. This 6-part webinar series will be open to all healthcare providers, free of cost. The schedule for MTBC’s webinar series, “Successfully Integrating Telemedicine into my Medical Practice”, is the following:DateTopic October 16, 2019, 12:00 PM ETTelemedicine 101: Is it a good fit for my practice? October 30, 2019, 12:00 PM ETGetting paid, part 1: Navigating the telemedicine reimbursement landscape November 13, 2019, 12:00 PM ETGetting paid, part 2: Key coding issues in telemedicine November 20, 2019, 12:00 PM ETThe launch: Successfully deploying and integrating telemedicine into my practice December 4, 2019, 12:00 PM ETBest practices: Professional standards and best practices for telemedicine December 18, 2019, 12:00 PM ETCompliance: Avoiding the key legal pitfalls and risks in telemedicine The webinars will be hosted by key members of the MTBC team. To register for the free webinars, healthcare providers can visit http://207376.hs-sites.com/talkmdwebinars.About MTBCMTBC, Inc. is a healthcare information technology company that provides a fully integrated suite of proprietary cloud-based solutions, together with related business services, to healthcare providers and hospitals throughout the United States. Our integrated Software-as-a-Service (or SaaS) platform helps our customers increase revenues, streamline workflows and make better business and clinical decisions, while reducing administrative burdens and operating costs. MTBC's common stock trades on the Nasdaq Global Market under the ticker symbol "MTBC," and its Series A Preferred Stock trades on the Nasdaq Global Market under the ticker symbol "MTBCP."For additional information, please visit our website at www.mtbc.com. To view MTBC's latest investor presentation, read recent articles, and listen to interviews with management, please visit ir.mtbc.com/events.Follow MTBC on LinkedIn, Twitter and Facebook.SOURCE MTBCCompany Contact: Bill Korn Chief Financial Officer MTBC, Inc. firstname.lastname@example.orgInvestor Contact: Matt Kreps, Managing Director Darrow Associates Investor Relations email@example.com (214) 597-8200
MTBC, Inc. (MTBC) reported financial results for their second quarter 2019 and provided a business update. While acquisition-related integration and transaction costs and higher stock-based compensation (the latter which is in-part related to recent increase in share price) resulted in a sizeable operating loss, MTBC still managed to generate over $1.1M in adjusted EBITDA and positive operating cash flow. It also assumes significant cost reductions in the second half of 2019 as compared to the first six months (including non-recurring acquisition related expenses).
MTBC, Inc (MTBC) reported financial results for their first quarter 2019 and provided a business update. As a reminder, financial performance immediately benefitted from the transaction, which included revenue setting record highs in Q3 and two of the three acquired business segments, namely Practice Management and the GPO, adding to profitability in that period. Particularly noteworthy (given that this metric is used to value EHR / RCM companies) is that adjusted EBITDA came in at the third best in history in Q4’18 and at an all-time high in Q1’19.
MTBC, Inc. (MTBC) reported financial results for their fourth quarter 2018 and provided a business update. Financial performance immediately benefitted from the transaction, which included revenue setting record highs in Q3 and two of the three acquired business segments, namely Practice Management and the GPO, adding to profitability in that period. Meanwhile, their initial 2019 guidance for revenue growth of at least 20%, which was announced in a January 2019 shareholder letter, has already been adjusted – to growth between 25% and 29%.