Last $14.99 USD
Change Today -0.66 / -4.22%
Volume 404.0K
As of 12:18 PM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

quality systems inc (QSII) Key Developments

Quality Systems Inc. Presents at 2014 Leerink Swann Global Healthcare Conference, Feb-12-2014 08:00 AM

Quality Systems Inc. Presents at 2014 Leerink Swann Global Healthcare Conference, Feb-12-2014 08:00 AM. Venue: The Waldorf Astoria Hotel, New York, New York, United States. Speakers: Steven T. Plochocki, Chief Executive Officer, President and Director.

Peter Neupert Resigns as Member of the Board of Directors of Quality Systems, Effective on January 23, 2014

On January 23, 2014, Peter Neupert, a member of the Board of Directors of Quality Systems Inc., provided written notification to the Chairman of the Board that he is resigning from the Board to focus his time and energy on other opportunities. Mr. Neupert's resignation was effective immediately.

Quality Systems, Inc. Announces Consolidated Unaudited Earnings for the Third Quarter and Nine Months Ended December 31, 2013; Announces Impairment Charges for the Third Quarter Ended December 31, 2013

Quality Systems Inc. announced consolidated unaudited earnings for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported revenues of $108.9 million, a decrease of 5% versus $114.5 million reported in the third quarter of fiscal 2013. Net loss, partially impacted by the previously announced impairment charge in the Hospital Solutions Division, was $12.6 million versus net income of $15.6 million for the fiscal 2013 third quarter. On a GAAP basis, fully diluted loss per share was $0.21 versus earnings per diluted share of $0.26 reported in the comparable quarter a year ago. On a non-GAAP basis, fully diluted earnings per share was $0.11, a decline of 62% from $0.29 for the comparable quarter a year ago (non-GAAP fully diluted earnings per share is reconciled to its corresponding GAAP measure at the end of this release). Year-over-year decline in earnings per share was driven primarily by impairment charge in hospital unit lower system sales, as well as increased R&D expenses. Loss from operations was $19,332,000 against income from operations of $23,384,000 a year ago. Loss before income taxes was $19,193,000 against income before income taxes of $23,275,000 a year ago. Net income -non-GAAP was $6,731,000 against $17,486,000 a year ago. Non-GAAP income before provision for income taxes was $9,872,000 against $26,099,000 a year ago. For the nine months, the company reported total revenues of $329,464,000 against $348,934,000 a year ago. Income from operations was $16,167,000 against $71,235,000 a year ago. Income before income taxes was $15,723,000 against $71,106,000 a year ago. Net income was $10,479,000 against $46,814,000 a year ago. Net income per diluted share were $0.17 against $0.79 a year ago. Net income non-GAAP was $34,672,000 against $53,622,000 a year ago. Non-GAAP diluted net income per share were $0.58 against $0.90 a year ago. Non-GAAP income before provision for income taxes was $52,190,000 against $81,598,000 a year ago. The company announced impairment of goodwill and other assets of $5,873,000 for the third quarter ended December 31, 2013.

Quality Systems Declares Quarterly Cash Dividend Expects to Pay on April 4, 2014

Quality Systems Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.175 per share on the company's outstanding shares of Common Stock, payable to shareholders of record as of March 14, 2014 with an anticipated distribution date of April 4, 2014.

Quality Systems Inc., Q3 2014 Earnings Call, Jan 23, 2014

Quality Systems Inc., Q3 2014 Earnings Call, Jan 23, 2014

 

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Price/Sales 2.1x
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TEV/Sales 1.9x
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