MTBC to Announce First Quarter 2020 Results on May 14, 2020

Rhea-AI Summary

MTBC, a leading healthcare IT provider, will release its first-quarter financial results for 2020 on May 14, before the market opens. The company will also host a conference call at 8:30 AM ET to discuss its performance and reaffirm its full-year guidance of $100 - $102 million in revenue and $12 - $13 million in adjusted EBITDA. Investors can access the live webcast or join via audio-only. A replay will be available shortly after the call concludes.

Positive

• Full-year 2020 revenue guidance reaffirmed at $100 - $102 million.
• Adjusted EBITDA guidance provided at $12 - $13 million.

Negative

• None.

SOMERSET, N.J., May 04, 2020 (GLOBE NEWSWIRE) -- MTBC, Inc. (Nasdaq: MTBC) (Nasdaq: MTBCP), a leading provider of cloud-based healthcare IT and revenue cycle management solutions, will release its financial results for the first quarter ended March 31, 2020 before the market opens on Thursday, May 14, 2020. The Company will follow with a conference call for investors at 8:30 a.m. Eastern Time.

As part of the conference call, management will provide updates regarding the Company's performance, including reaffirming its full year 2020 guidance, which includes revenue of $100 - $102 million and adjusted EBITDA of $12 million to $13 million.

The live webcast of the conference call and related presentation slides can be accessed at ir.mtbc.com/events. An audio-only option is available by dialing +1-412-317-6361 and referencing "MTBC First Quarter 2020 Earnings Call." Investors who opt for audio-only will need to download the related slides at ir.mtbc.com/events.

A replay of the conference call and related presentation slides will be available approximately one hour after conclusion of the call at the same link. An audio-only option can also be accessed by dialing +1-412-317-0088 and providing access code 10143789.

About MTBC

MTBC is a healthcare information technology company that provides a full suite of proprietary cloud-based solutions, together with related business services, to healthcare providers and hospitals throughout the United States. Our Software-as-a-Service (or SaaS) platform includes revenue cycle management (RCM), practice management (PM), electronic health record (EHR), and patient experience management (PXM) solutions for high-performance medical groups. MTBC helps clients increase financial and operational performance, streamline clinical workflows and make better business and clinical decisions, allowing them to improve patient care 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.”

Follow MTBC on LinkedIn, Twitter and Facebook.

For additional information, please visit our website at www.mtbc.com. To view MTBC's latest investor presentations, read recent press releases, and listen to interviews with management, please visit ir.mtbc.com.

SOURCE MTBC

Company Contact:
Bill Korn
Chief Financial Officer
MTBC, Inc.
bkorn@mtbc.com

Investor Contact:
Matt Kreps, Managing Director
Darrow Associates Investor Relations
mkreps@darrowir.com
(214) 597-8200

FAQ

When will MTBC release its financial results for Q1 2020?

MTBC will release its financial results for the first quarter of 2020 on May 14, 2020.

What is MTBC's revenue guidance for the year 2020?

MTBC has reaffirmed its full-year 2020 revenue guidance to be between $100 - $102 million.

What is the expected adjusted EBITDA for MTBC in 2020?

MTBC's adjusted EBITDA guidance for 2020 is between $12 million and $13 million.

What time is the conference call for MTBC's Q1 results?

The conference call for MTBC's Q1 results is scheduled for 8:30 AM ET on May 14, 2020.