BioTelemetry, Inc. Reports Third Quarter 2019 Financial Results
Exceeds Expectations Delivers Double Digit Revenue Growth MALVERN, Pa., Nov. 05, 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 third quarter ended September 30, 2019. Quarter Highlights Recognized quarterly revenue of $111.3 million Reached 11.3% year-over-year revenue growth Achieved 29th consecutive quarter of year-over-year revenue growth Reported GAAP net income of $8.3 million Realized quarterly adjusted EBITDA of $31.5 million, or 28.3% of revenue President and CEO Commentary Joseph H. Capper, President and Chief Executive Officer of BioTelemetry, Inc., commented: “The third quarter was another excellent quarter for BioTelemetry, highlighted by 11% revenue growth and an adjusted EBITDA