Earnings release
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Allscripts All possible Allscripts Announces Third Quarter 2021 Results November 4 , 2021 • Third quarter GAAP diluted EPS of $ 0.12 ; non - GAAP diluted EPS of $ 0.27 , up 145 % year - over - year • Generated $ 57 million of cash flow from continuing operations and $ 35 million of free cash flow in the third quarter • Increasing 2021 outlook for Adjusted EBITDA and free cash flow CHICAGO -- ( BUSINESS WIRE ) -- Nov . 4 , 2021-- Allscripts Healthcare Solutions , Inc. ( Nasdaq : MDRX ) ( Allscripts ) announced its financial results for the three and nine months ended September 30 , 2021 . Bookings ( 1 ) were $ 166 million in the third quarter of 2021. This result compares with $ 160 million in the third quarter of 2020. Contract revenue backlog totaled $ 3.9 billion as of September 30 , 2021 . Third quarter 2021 revenue was $ 369 million compared with $ 366 million in the third quarter of 2020 . On a GAAP basis in the third quarter of 2021 , income from operations was $ 12 million compared with a loss from operations in the third quarter of 2020 of $ 11 million . Non - GAAP income from operations in the third quarter of 2021 was $ 35 million compared with $ 27 million in the third quarter of 2020 . GAAP net income in the third quarter of 2021 totaled $ 16 million compared with net income of $ 1 million in the third quarter of 2020. Non - GAAP net income in the third quarter of 2021 was $ 35 million compared with $ 17 million in the third quarter of 2020 . GAAP diluted earnings per share in the third quarter of 2021 was $ 0.12 compared with earnings per share of $ 0.00 in the third quarter of 2020 . Non - GAAP diluted earnings per share in the third quarter of 2021 was $ 0.27 compared with $ 0.11 in the third quarter of 2020 . Adjusted EBITDA totaled $ 71 million in the third quarter of 2021 , compared with $ 58 million in the third quarter of 2020 . " Allscripts saw continued success in the third quarter , once again reporting significant year - over - year growth in net income , Adjusted EBITDA , EPS and free cash flow . Our solid execution delivered these results , which enable us to both reinvest in the business and return substantial amounts of capital to shareholders , " said Paul M. Black , Allscripts Chief Executive Officer . " I am thankful that , despite us entering the twentieth month of a worldwide pandemic , the entire company has remained focused on our clients ' success while driving shareholder value . Looking forward , I continue to be optimistic about our performance in 2021 and beyond . " 2021 Financial Outlook ( 2 ) Allscripts is revising the following expectations : • Adjusted EBITDA between $ 275 million and $ 285 million , an increase from the prior outlook of between $ 265 million and $ 275 million • Free cash flow between $ 145 million and $ 155 million , an increase from the prior outlook of between $ 115 million and $ 125 million Allscripts is affirming the following expectations : • Revenue of $ 1.5 billion Conference Call Allscripts will conduct a conference call today , Thursday , November 4th , 2021 , at 4:30 PM Eastern Time to discuss its earnings release and other information . Participants may access the conference call via webcast at http://investor.allscripts.com . Participants also may access the conference call by dialing +1 ( 888 ) 428-7458 or +1 ( 862 ) 298-0702 ( international ) and requesting Conference ID # 13724096 . A replay of the call will be available approximately two hours after the conclusion of the call , for a period of four weeks , on the Allscripts Investor Relations website or by calling +1 ( 877 ) 660-6853 or +1 ( 201 ) 612-7415 - Conference ID # 13724096 . Supplemental and non - GAAP financial information is also available at http://investor.allscripts.com . Footnotes ( 1 ) Bookings reflect the value of executed contracts for software , hardware and other client services on a continuing operations basis . ( 2 ) In providing financial guidance , the company does not reconcile Adjusted EBITDA and free cash flow to the corresponding GAAP financial measures . Allscripts does not provide guidance for the various reconciling items since certain items that impact GAAP net income and operating cash flow such as acquisition - related amortization , asset impairment charges and restructuring and other costs , any of which may be significant ,