Q4 2019 Earnings Call
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More than one on a touch-tone phone to withdraw your question, please press * then two, please note this event is being recorded. I would now like to turn the conference over to Camp Grant general counsel. Go ahead.
Statements within the meaning of section 27A of Securities Act of 1933 as amended and section 21e of the Securities Act of Securities Exchange Act of 1934 as amended all statements other than statements of historical fact made during this conference call are forward-looking statements including without limitation statements regarding our expectations and guidance for future financial and operational performance expected growth business Outlook and potential organic growth and acquisitions.
Dead dead dead dead good day and welcome to the mtbc fourth quarter 2009.
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Thank you. Good morning, everyone and welcome to the 2019 fourth quarter conference call today is our our founder and executive chairman Stephen Snyder our chief executive officer and a director our president and the director and Bill corn our Chief Financial Officer.
Forward-looking statements May sometimes be identified with words such as will may expect plan anticipate upcoming believe estimate or similar terminology and the negative of these terms of forward-looking statements are not promises or guarantees of future performance and are subject to a variety of risks and uncertainties many of which are beyond our control which could cause actual results to differ materially from those contemplated in these forward-looking statements these statements reflect our opinions only as of the date of this presentation and we undertake no obligation to revise these forward-looking statements in light of new information or future events.
Before we begin I would like to remind you that certain statements made during this conference call are forward-looking statements within the meaning of section 27A of Securities Act of 1963 as amended and section 21e of the Securities Act of Securities Exchange Act of 1934 as amended all statements other than statements of historical facts made during this conference call are forward-looking statements, including without limitation statements regarding our expectations and guidance for future financial and operational performance expected growth business Outlook and potential organic growth and acquisition.
Conference call and webcast all participants will be in a listen-only mode. So do you need assistance, please signal a conference specialist by pressing the star key followed after today's presentation. There will be an opportunity to ask questions. Do you ask a question? You may press * then 1 on a touch-tone phone to withdraw your question, please press * then two, please note this event is being recorded. I would now like to turn the conference over to Camp Grant general counsel, please. Go ahead.
please refer to our
Press release and our reports filed with the Securities and Exchange Commission where you will find a more comprehensive discussion of our performance and factors that could cause actual results to differ materially from these forward-looking statements.
forward-looking
Statements May sometimes be identified with words such as will may expect plan anticipate upcoming believe estimate or similar terminology and the negative of these terms of forward-looking statements are not promises or guarantees of future performance and are subject to a variety of risks and uncertainties many of which are beyond our control which could cause actual results to differ materially from those contemplated in these forward-looking statements these statements reflect our opinions only as of the date of birth station, and we undertake no obligation to revise these forward-looking statements in light of new information or future events.
Thank you. Good morning, everyone and welcome to the
And he assessment of offerings by our competitors is an opinion based on management subjective beliefs and assumptions and on information currently available to our management, which we believe to be reliable but in no way is warranted by us as to accuracy or completeness. We caution investors not to rely on usually on the assessment and urge investors to perform their own research consult with their own advisors and make their own assessment before making any investment decisions. We assume no obligation and disclaim any duty to update or revise such assessment in the event. It took turns out to be inaccurate whether as a result of new information future events, or otherwise
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Please refer to our press release and our reports filed with the Securities and Exchange Commission where you will find a more comprehensive discussion of our performance and factors that could cause actual results to differ materially from these forward-looking statements.
For anyone who dialed into the call by telephone, you may want to download our fourth quarter 2019 earnings presentation. Please visit our investor relations page. Click on events and download the earnings presentation.
He assessment of offerings by our competitors is an opinion based on management subjective beliefs and assumptions and on information currently available to our management, which we believe to be reliable in no way is warranted by us as to accuracy or completeness. We caution investors not to rely on usually on the assessment and urge investors to perform their own research consult with their own advisors and make their own assessment before making any investment decisions. We assume no obligation and disclaim any duty to update or revise such assessment in the event it later turns out to be inaccurate whether as a result of new information future events, or otherwise
Finally on today's call. We may refer to certain non-gaap Financial measures. Please refer to save press release announcing our fourth quarter 2019 results for a Reconciliation of these non-gaap performance measures to our gaap financial results.
Thursday Thursday
With that said I'll now turn the call over to our chief executive officer of Mt. Steven Schneider Steve for joining us on our 2018 earnings call as Kim mentioned. I'm joining today's call by Mahmood Hawk Bill corn and Kim Grant home. I'm also pleased to introduce you to some additional team members including Shruti Patel the president of our new Telehealth division our senior vice president of strategic initiatives and Juan Molina the president of our new carecloud division.
For anyone who dialed into the call by telephone, you may want to download our fourth quarter 2019 earnings presentation. Please visit our investor relations page. Click on events and download the earnings presentation.
Finally on today's call. We may refer to certain non-gaap Financial measures. Please refer to save press release announcing our fourth quarter 2019 results for a Reconciliation of these non-gaap performance measures to our gaap financial results.
Shruti
A landline or a few of the many rising stars in our leadership team and will be available for questions during the second half of today's call.
With that said I'll now turn the call over to our chief executive officer of Mt. Steven Schneider Steve Jobs burnings call as Kim mentioned. I'm joining today's call by Mahmood Hawk Bill corn and Kim Grant home. I'm also pleased to introduce you to some additional team members including Shruti Patel the president of our new Telehealth division our senior vice president of strategic initiatives and Juan Molina the president of our new carecloud division.
Today, I'm thrilled to report record revenue for the full year 2019 of sixty four point four million dollars together with record adjusted ebitda of 8.1 million hours. This represents your year increases
Shruti a landline or
Few of the many rising stars in our leadership team and will be available for questions during the second half of today's call.
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Today, I'm thrilled to report record revenue for the full year 2019 of sixty four point four million dollars together with record adjusted ebitda of 8.1 million hours.
This represents your year increases of 27% and 969% respectively for the fourth quarter were pleased to report revenue of 15.8 million dollars to gather with record fourth-quarter adjusted ebitda of 2.8 million dollars, which represents year-over-year adjusted ebitda growth for the quarter of 98%
We expect 20/20 to be another record year as we reaffirm our revenue and adjusted ebitda guidance during 20/20. We expect to grow Revenue by 55 to 58% with guidance of 100 to 102 million dollars. We expect to generate between twelve and thirteen million dollars of adjusted ebitda, which will represent growth of 48 to 60% year-over-year.
Check this growth to come across several growth vectors. This growth will be driven by our recent carecloud acquisition our newly scaled organic growth engine Partnerships with a new business line opportunities.
Well, our exceptional rate of Revenue growth is a strong differentiator in this market. We believe that the combination of this growth coupled with consistent and accelerating adjusted ebitda makes us one of the Diamonds in the Rough among companies of our size.
We believe that are integrated solution is the most comprehensive end-to-end ambulatory offering available to US Health Care Providers today, our robust scalable SAS form and service offerings allow us to serve a broad spectrum of practice sizes and Specialties from a 1 doctor Medical Practice to a 100 provider hospital-based group or eighteen 1800s clinician independent group our unique approach and solutions. Give us a strong competitive Advantage across a wide variety of practice types and sizes today. We work with providers practicing and more than seventy unique Specialties and subspecialties across the country.
more than 50
Mm providers rely on one or more of our solutions to enable the delivery of care to more than ten million patients the year.
Small independent practices across the country have embraced our intuitive easy-to-use cloud-based solution talk. Eh are likewise with the acquisition of a child. We now offer providers one of the top-rated SAS Platforms in our space which supports small medium and large groups in addition to our clinical Solutions. We offer integrated practice management revenue cycle Management in a wide range of critical back office services.
our competitive Advantage has enabled
our strategy has three main prongs organic growth Partnerships and Acquisitions while we continue to view Acquisitions as the most cost-efficient.