SXC Health Solutions Announces Third Quarter Financial Results
finance.yahoo.com
Q3 2010 Highlights
* Revenue grew $106.4 million, or 28% on a year over year basis to $489.9 million, compared to $383.5 million in Q3 2009
* Gross profit grew $5.2 million, or 11% on a year over year basis to $52.9 million, compared to $47.7 million in Q3 2009
* Adjusted EBITDA¹ was $30.4 million, representing 58% of gross profit in the quarter compared to $24.3 million in Q3 2009, which represented 51% of gross profit
* Net income increased $5.0 million, or 44% on a year over year basis to $16.2 million, compared to $11.2 million, in Q3 2009
* Non-GAAP adjusted earnings per share¹ (diluted) was $0.27, which excludes certain transaction-related amortization, compared to $0.23 in Q3 2009
* Cash from operations increased $8.2 million in the quarter to $26.1 million, compared to $17.9 million in Q3 2009
* Adjusted prescription claim volume¹ for the PBM segment was 11.9 million, compared to 9.9 million in Q3 2009
* Transaction processing volume for the HCIT segment was 100.7 million, compared to 92.0 million in Q3 2009
* Mail order penetration was 12%, compared to 9.5% in Q3 2009
* Awarded a $720 million three-year PBM contract from a large U.S. east coast health plan with an April 2011 launch.
* Successfully converted another HCIT client to PBM services in the quarter
* Executed a two-for-one stock split
* Ranked 6th in Fortune magazine's Top 100 Fastest-Growing Companies
* Won the URAC Best Practices Award in Health Care Consumer Empowerment and Protection Awards competition for a collaboration between informedRx® and EMPLOYERS Occupational Health, a specialty provider of workers' compensation |
