Athenahealth Issues Additional Insight Into 2015 Guidance

(RTTNews) - athenahealth, Inc. (ATHN) announced that for the fiscal year ending December 31, 2015, the company now expects GAAP total revenue to be at or above the mid-point of the $905 million to $925 million guidance range. Non-GAAP adjusted net income per share is expected to be above the high end of the $1.10 to $1.20 guidance range.

For the three months ended September 30, 2015, the company added a record 4,784 providers to its network, grew consolidated revenue by 24%, and delivered a Non-GAAP adjusted gross margin of 62.9%.

For the third quarter of fiscal year 2015, GAAP net income was $5.8 million, or $0.15 per share, compared to a GAAP net loss of $1.6 million, or $0.04 per share, in the same period last year. Non-GAAP adjusted net income was $14.3 million, or $0.36 per share. Total revenue was $236.1 million, compared to $190.4 million in the same period last year.