BioTelemetry, Inc. Reports Second Quarter 2019 Financial Results
Exceeds Expectations Achieves Record Revenue and Adjusted EBITDA MALVERN, Pa., July 30, 2019 (GLOBE NEWSWIRE) — BioTelemetry, Inc.(NASDAQ:BEAT), the leading remote medical technology company focused on the delivery of health information to improve quality of life and reduce cost of care, today reported results for the second quarter ended June 30, 2019. Quarter Highlights Recognized record quarterly revenue of $111.8 million Reached 10.3% year-over-year revenue growth Achieved 28th consecutive quarter of year-over-year revenue growth Reported GAAP net income of $8.3 million Realized quarterly adjusted EBITDA of $31.6 million, or 28.3% of revenue Acquired Sweden-based ADEA Medical AB President and CEO Commentary Joseph H. Capper, President and Chief Executive Officer of BioTelemetry, Inc., commented: “Our growth momentum continued in the second quarter, with revenue growth of