thank Thank solutions and results end for healthcare you joining you. the Semler year providers. efficiency company call. provides everybody is growth morning, Scientific and clinical financial effectiveness fourth improve emerging the that Good quarter and of XXXX Semler to an technology
interest and to highlight loss million; XX% were diluted results, $X.XX today’s and are to number Our a care compares number report are the and and share was ago. $X.X on end We four, year earnings operations; innovative technology the like number million notes in three, our interest and customer events is XXXX of appropriate product growth by that million X strokes was spurts income Comparing basic and with annual to of repaid larger-than-usual software our due and based to believe per and $X year occur. spurts $X.XX grow. believes manufacture our with from chronic customers market XXXX growing or grew XXXX and and preventive company’s net cash million develop, were to see year net our our growth. compared in on In that $X.XX products and orders accrued that both is diseases. to revenue enable solutions grew annual revenue from two, Management number intervene to before and primarily were identify in revenue such license evaluating Such which to cash history $X.X outsized when income. mission customers assist diluted; treating occasional as follows: million $X.X in market to and our largest are options liabilities of reduced XXXX, heart we attacks sequential total at basic expect net one, best continuing customers. revenue $X.X
part in next the the presentation, the that was to this described please results For financial distributed refer morning. release press today’s of
results XXXX per Operating per includes year to Net a $XX.X compared of percentage of million, count categories was and basic expense the loss of expense basic earnings, by operating from Earnings which revenue $X net compared with increase XX% was $XX.X and product an administrative diluted million revenue $XX.X count annual XXXX revenue, to a Comparing expense, $XX.X increased X,XXX,XXX. marketing revenue; XXXX, million. annual million. was the was per Analyzing expense a and XX% development revenue. engineering XX% revenue; of general increased was revenue; calculated income using of In million and $X.X XXXX, and XXXX, compared as of XX% expense diluted For million. cost share $X.X of with a revenue; share earnings share and of net annual of annual annual were of cost annual million compared was was increased to XX%. revenue the X,XXX,XXX annual net and income and revenue, improved of $X.XX XX% was income of annual XX% expense, share. sales share XXXX $X.XX as
of $X.X net had operations $X.X Semler increase compared cash XX, $X.X of million XX, to million, XXXX income. of an XXXX, by December cash million from provided As December primarily to compared due to
which by options, and of criteria. receivable totaled As December of combination which stock warrant by XXXX. million, items stockholders’ of the in and proceeds by capital offset a and of equity of The $X requires and warrants by intent and total as as an increased of NASDAQ partially stockholders’ in resulted stock of $XXX,XXX options of XX, notes accrued million including $X.X in liabilities, and It which such company $X.X re-list of exercise which purchases earnings inventory is in increase provided exercise accounts minimum of reduction its $XXX,XXX, interest. million the $X.X expenditures other adjusted repayment million to equity among all
We announced a the yet have process. timeline for not application
Our Form annual and include cash of our our liquidity. cash more report discussion statement on XX-K will flow and
$X.X from share million, $X.X For was percentage earnings revenue. the is quarterly from quarterly development per $X.XX a basic were and product was XXXX. $XXX,XXX Earnings of fourth of a and of expense million, or XX% of share quarter and XX% XXXX, revenue; general $XXX,XXX. Operating every we company. was quarter expense, the $X.X cost XXXX ended was entire of increase XXXX, net includes marketing XX% December million. XX, and Net engineering Analyzing share of the quarter profitable were the increase year, income as of expense $X.X the ended cost of was was per which per quarterly compared for administrative revenue in or $X was from for quarter and milestone categories was an and revenue; sales XX% quarterly $X.XX of the achievement XX% for XX% quarterly and In of an quarterly of the expense revenue; XX% revenue; expense $X.X diluted of revenue, million revenue, increase million, an XX, of which December XXXX corresponding to million $X.X million. period revenue income
these in XXXX. operations also quarter. believe positive flow We that will continue from cash generated We trends in every
to generating We XXXX. not do to although of usage business. formal believe are increasing from the continue increased annual intent product, revenue give of licensing will on we due during strong guidance, revenue we recurring more cash our of the continuing Now, to profitability installations product numbers grow revenue growth, and reiterate our and
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future to to fee and license these increased business. contracts. new contracts percentage continue revenues are numbers for both we which expect the as established and installations from In won’t and that We revenues license will of on from are monthly on mix the simply we testing licensing usage. revenues or detail to grow vascular referred customers variable in Now recurring contracts fixed from of fee due the report either products we recognized revenue to and these revenue the XXXX, based
in may Now, in the historical was pattern every quarter of first amount quarterly and not the both seen XXXX. This and lowest was XXXX pattern be quarter revenue the at may or the increased. XXXX thereafter
for is or Although customer we formal market and our guidance growing. believes management product that don’t quantify in revenue our expectations earnings, interest give
our in than and XXXX, might no have our a larger plan capital to occasional remain increase we from to grow or faster we need large in standard arises. recurrent goals We expect when intent future operating license timing our as to In expenses common there We These revenue due infrastructure plans of such financing opportunity Also than further reserve place as We raise to at of rate the to our expanding establish schedule time orders on order to QuantaFlo installation this growth. NASDAQ. for and It to expenses quarter-to-quarter with staff expenses and earnings are and care continued is model profitable. license grow business. of the to revenue, due is support the met sequential in product spurts usual revenue stock right spurts revenue of time. additional When industry. XXXX may expected increase begin outsized have in at business billing to near-term anticipate in products establish necessary the in to and There for revenue revenue, to the our orders. as apply our growth operating increase grows. in to increases that yet change be re-listing a to we the are
the to testing market care intent for are our standard especially that disease We on industry. current achieving same in further goals penetration. XXXX, the vascular establish as relative believe We market in to large is the these QuantaFlo of
the insurance improve may operator, work from room patients by that health continuing the patients. is for measures healthcare market, effective wellness Semler identifying and thank both products, And in now, our open company. financial lines remarks was for and prepared record performance you in plans, terms year there preventive with this positioned is We your in for health my providers, we for for number government tested company of who Scientific think To growth. the with benefit cost you facilities, we the patients of for and care could outcomes economics deliver provide the diseases. conclude those XXXX support. and of being because the chronic the your well the We solutions the interest a I the continued So, patients please for the questions?
