Brief: Tabula Rasa Healthcare Reports Q4 GAAP Net Loss Of $30.6 Mln

Tabula Rasa HealthCare

24/02/2021 02:59

Feb 23 (Reuters) - Tabula Rasa HealthCare Inc  TRHC.O :
    * TABULA RASA HEALTHCARE REPORTS FOURTH QUARTER AND FULL
YEAR 2020
RESULTS
    * TABULA RASA HEALTHCARE-QTRLY TOTAL REVENUE OF $77.1
MILLION,
WHICH EXCEEDED GUIDANCE RANGE OF $74 MILLION TO $76 MILLION,
INCREASED 5% AS COMPARED TO $73.2 MILLION
    * TABULA RASA HEALTHCARE- EXPECT PACE CENSUS GROWTH TO
GRADUALLY
IMPROVE THROUGHOUT 2021 WITH A WEAKER FIRST HALF GROWTH
    * QTRLY GAAP NET LOSS WAS $30.6 MILLION
    * QTRLY NON-GAAP ADJUSTED EBITDA OF $4.7 MILLION (6.2%
MARGIN)
    * NEW BUSINESS TO BE SOLD AND IMPLEMENTED DURING COURSE OF
2021 IS
EXPECTED TO ADD 7% OF GROWTH
    * TABULA RASA HEALTHCARE- EXPECT STEADY SEQUENTIAL REVENUE
GROWTH
THROUGHOUT 2021, STARTING IN RANGE OF 7% FOR Q2, FOLLOWED BY 8%
FOR Q3, AND 9% FOR Q4
    * EXPECT COVID-19 TO REMAIN A CHALLENGE PRIMARILY IN FIRST
HALF OF
2021
    * SEES Q1 TOTAL REVENUE OF $75 MILLION TO $77 MILLION AND FY
TOTAL
REVENUE OF $336 MILLION TO $356 MILLION

Source text for Eikon:  ID:nPn69Dx0Za 
Further company coverage:  TRHC.O 

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