- Q2 revenue miss, and FY16 EPS and revenue guidance below consensus.
Second Quarter 2016 Highlights
- Second quarter revenue of $123.8 million
- Second quarter net income of $16.3 million, resulting in diluted net income of $0.11 per share
- Second quarter Non-GAAP net income of $20.6 million, resulting in Non-GAAP diluted net income of $0.14 per share
- Second quarter Adjusted EBITDA of $40.8 million
- MORE2 Registry® dataset medical event count expanded to more than 11.7 billion
- Accelerating transition to pure cloud-based platform and adjusting 2016 financial guidance
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