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New words:
abroad, accrete, Allison, answering, app, biometric, Bridge, chart, Comsort, ConnectOnCall, constructive, Counsel, creditor, Davidoff, daytime, desk, DoctorFinder, Dr, East, enrich, entail, ERM, exact, faster, footnote, Forfeited, FRS, Hoffman, hurt, hygiene, ideal, inbound, Indian, intrusion, letter, medifind, Michael, Middle, multilayered, neighboring, outbound, Overnight, PatientConnect, PhreesiaOnCall, posing, rare, reinforce, resold, rulemaking, salary, semiannually, Smith, SOFR, soften, swingline, tabletop, tangential, tasked, tight, tobacco, trend, undetected, unforeseeable, unutilized, Vice, Washington, Weintraub
Removed:
affiliate, amortizing, borrowed, CAQH, categorized, Coalition, confusion, covenant, deducting, deficit, determinable, elapsed, ENT, evolved, exemption, expiration, FRB, gastroenterology, gathered, implicit, Kanata, noted, Ontario, otolaryngology, pandemic, payout, pertinent, Phase, physician, populate, prepayment, privately, promised, quick, referring, repaid, sample, spent, underwriting, vaccine, vendor, Virginia
Financial report summary
?Competition
VeradigmRisks
- We have grown rapidly in recent periods, and as a result, our expenses have continued to increase. If we fail to manage our growth effectively, our revenue may not increase, and we may be unable to implement our business strategy.
- We have experienced net losses in the past and we may not achieve profitability in the future.
- Privacy concerns or security breaches or incidents relating to our SaaS-based solutions could result in economic loss, damage to our reputation, deterring users from using our products, and our exposure to legal penalties and liability.
- Business or economic disruptions or global health concerns could harm our business and increase our costs and expenses.
- If our internal controls over financial reporting or our disclosure controls and procedures are not effective, we may not be able to accurately report our financial results, prevent fraud or file our periodic reports in a timely manner, which may cause investors to lose confidence in our reported financial information and may lead to a decline in our stock price.
- We typically incur significant upfront costs in our client relationships, and if we are unable to develop or grow these relationships over time, we are unlikely to recover these costs and our operating results may suffer.
- As a result of our variable sales and implementation cycles, we may be unable to recognize revenue to offset expenditures, which could result in fluctuations in our quarterly results of operations or otherwise harm our future operating results.
- The growth of our business relies, in part, on the growth and success of our clients and certain revenues from our engagements, which is difficult to predict and is subject to factors outside of our control.
- If our existing clients are not satisfied with our services, it could have a material adverse effect on our business, financial condition, results of operations and reputation.
- The estimates and assumptions we use to determine the size of our target market may prove to be inaccurate, and even if the markets in which we compete meet our size estimates and forecasted growth, our business may not grow at similar rates, or at all.
- If we cannot implement our solutions for clients or resolve any technical issues in a timely manner, we may incur costs in the form of service credits or other remedial steps and/or lose clients, and our reputation may be harmed.
- We historically derive a significant portion of our revenues from our largest clients.
- Consolidation in the healthcare industry could have a material adverse effect on our business, financial condition and results of operations.
- We depend on our senior management team and certain key employees, and the loss of one or more of our executive officers or key employees or an inability to attract and retain highly skilled employees could adversely affect our business.
- We have made, and may in the future make, acquisitions and investments which may be difficult to integrate, divert management resources, result in unanticipated costs or dilute our stockholders.
- Certain of our operating results and financial metrics, including the key metrics included in this report, may be difficult to predict as a result of seasonality.
- Our risk management policies and procedures may not be fully effective in mitigating our risk exposure in all market environments or against all types of risk.
- Our ability to limit our liabilities by contract or through insurance may be ineffective or insufficient to cover our future liabilities.
- We may become subject to litigation, which could have a material adverse effect on our business, financial condition and results of operations.
- Our operations in India will subject us to additional risks which could have an adverse effect on our business, operating results, and financial condition.
- us or terminate our payment facilitator status. If our clients or sales partners incur fines or penalties that we cannot collect from them, we may have to bear the cost of such fines or penalties.
- If our intellectual property is not adequately protected, we may not be able to build name recognition, protect our technology and products, and our business may be adversely affected.
- Third parties may initiate legal proceedings alleging that we are infringing or otherwise violating their intellectual property rights, the outcome of which would be uncertain and could have a material adverse effect on our business, financial condition and results of operations.
- Interruption or failure of our information technology and communications systems could impair our ability to effectively deliver our products and services, which could cause us to lose clients and harm our operating results.
- If our services fail to provide accurate and timely information, or if our content or any other element of our service is associated with errors or malfunctions, we could have liability to clients or patients which could adversely affect our results of operations.
- Existing laws regulate our ability to engage in direct marketing and changes in privacy laws could adversely affect our ability to market our products effectively and could impact our results from operations or result in costs and fines.
- Any failure by us to comply fully with website accessibility standards could result in us being subject to considerable fines and penalties.
- The healthcare regulatory and political framework is uncertain and evolving.
- The U.S. Food and Drug Administration may in the future determine that our technology solutions are subject to the Federal Food, Drug, and Cosmetic Act and we may face additional costs and risks as a result.
- Artificial intelligence presents risks and challenges that can impact our business including by posing security risks to our confidential information, proprietary information, and personal data.
- We rely on our third-party contractors, vendors and partners, including some outside of the United States, to execute our business strategy. Replacing them could be difficult and disruptive to our business. If we are unsuccessful in forming or maintaining such relationships on terms favorable to us, our business may not succeed.
- We rely on a limited number of third-party suppliers and contract manufacturers to support our products, and a loss or degradation in performance of these suppliers and contract manufacturers could have a negative effect on our business, financial condition and results of operations.
- We rely on Internet infrastructure, bandwidth providers, data center providers, other third parties and our own systems for providing services to our clients, and any failure or interruption in the services provided by these third parties or our own systems could expose us to litigation and negatively impact our relationships with clients, adversely affecting our brand and our business.
- Changes in tax regulations and accounting standards, or changes in related judgments or assumptions could materially impact our financial position and results of operation.
- Our ability to use our net operating losses to offset future taxable income may be subject to certain limitations.
- Restrictive covenants in the agreements governing our Capital One Credit Facility may restrict our ability to pursue our business strategies.
- Adverse developments affecting the financial services industry, such as actual events or concerns involving liquidity, defaults or non-performance by financial institutions or transactional counterparties, could adversely affect our current and projected business operations and our financial condition and results of operations.
- Our share price has been and may in the future be volatile, and you could lose all or part of your investment.
- We do not currently intend to pay dividends on our common stock and, consequently, your ability to achieve a return on your investment will depend on appreciation in the price of our common stock.
- Anti-takeover provisions under our incorporation documents and Delaware law could delay or prevent a change of control which could limit the market price of our common stock and may prevent or frustrate attempts by our stockholders to replace or remove our current management.
- Our bylaws designate certain specified courts as the sole and exclusive forums for certain disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.
Management Discussion
- •Total revenue increased 27% to $356.3 million in fiscal 2024 compared with $280.9 million in fiscal 2023.
- •Net loss was $136.9 million in fiscal 2024 compared with $176.1 million in fiscal 2023.
- •Adjusted EBITDA was negative $35.4 million in fiscal 2024 compared with negative $92.5 million in fiscal 2023.