WATERTOWN, Mass.–(BUSINESS WIRE)– athenahealth, Inc. (Nasdaq: ATHN) (the “Company”), a leading provider of cloud-based business services for physician practices, today provided financial guidance for fiscal year 2012 at its Fourth Annual Investor Summit. In addition, the Company reaffirmed existing guidance for fiscal year 2011, most recently updated within the Company’s Q3 2011 earnings release.
The Company’s fiscal year 2012 guidance is presented below:
|For the Fiscal Year Ending December 31, 2012|
|GAAP Total Revenue||$410-430 million|
|Non-GAAP Adjusted Gross Margin||61.5-62.5%|
|Non-GAAP Adjusted Operating Income||$52-60 million|
|Non-GAAP Adjusted Net Income per Diluted Share||$0.85-0.97|
|GAAP Effective Tax Rate||42-43%|
“We remain confident in achieving our stated goals for fiscal year 2011 and are pleased to present an ambitious plan for fiscal year 2012,” said Tim Adams, the Company’s Chief Financial Officer. “Our fiscal year 2012 expectations are consistent with our long-standing goals to grow revenue by at least 30% annually and to invest wisely in growth and innovation.”
Use of Non-GAAP Financial Measures
In the Company’s earnings releases, conference calls, slide presentations, and webcasts, the Company may use or discuss non-GAAP financial measures as defined by SEC Regulation G. The GAAP financial measure most directly comparable to each non-GAAP financial measure used or discussed, and a reconciliation of the differences between each non-GAAP financial measure and the comparable GAAP financial measure, are included in this press release. The Company’s earnings press releases containing such non-GAAP reconciliations can be found on the Investors section of the Company’s web site at http://www.athenahealth.com.
athenahealth, Inc. is a leading provider of cloud-based business services for physician practices. athenahealth’s service offerings are based on proprietary web-native practice management and electronic health record (EHR) software, a continuously updated payer knowledge-base, integrated back-office service operations, and care coordination services. For more information, please visit www.athenahealth.com or call (888) 652-8200.