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Allscripts announces first quarter 2013 results
Date:5/9/2013

competitive positioning, including the acquisitions of dbMotion and Jardogs."

Mr. Black continued,"We are investing heavily in both our clients and our products and so while our financial results for the quarter are not surprising, they are not satisfactory and not indicative of our long term potential. This is a rebuilding year for Allscripts and I remain confident we are taking the right steps forward."

First-Quarter Details:

  • Bookings(1) of $177.7 million.  This compares with bookings of $194.6 million in the first quarter of 2012 and $180.7 million in the fourth quarter of 2012.
  • GAAP revenue of $347.1 million and non-GAAP revenue of $348.0 million.  This compares with GAAP and non-GAAP revenue of $364.7 million and $365.5 million, respectively, in the first quarter of 2012. 
  • GAAP gross profit for the three months ended March 31, 2013, was $134.4 million.  This compares with GAAP gross profit of $155.7 million in the first quarter of 2012. 
  • Non-GAAP gross profit was $147.9 million for the three months ended March 31, 2013, or 42.5 percent of total non-GAAP revenue.  This compares with $164.7 million or 45.1 percent of non-GAAP revenue for the prior-year period.
  • GAAP operating loss for the three months ended March 31, 2013, including certain non-recurring expenses and transaction-related costs, was $28.3 million.  This compares with GAAP operating income of $13.0 million in the first quarter of 2012. 
  • Non-GAAP operating income, excluding certain non-recurring expenses and transaction-related costs, was $17.6 million for the three months ended March 31, 2013, or 5.1 percent of total non-GAAP revenue.  This compares with $40.9 million or 11.2 percent of non-GAAP revenue for the prior year.
  • GAAP net loss for the three months ended March 31, 2013, including certain non-recurring expenses and transaction-related costs, was $11.6 mill
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  • SOURCE Allscripts Healthcare Solutions, Inc.
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