BioTelemetry, Inc. Reports First Quarter 2019 Financial Results
Achieves Record Quarterly Revenue Raises Full Year 2019 Guidance MALVERN, Pa., April 25, 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 first quarter ended March 31, 2019. Quarter Highlights Recognized record quarterly revenue of $104.0 million Reached 10.0% year-over-year revenue growth Achieved 27th consecutive quarter of year-over-year revenue growth Reported GAAP net income of $11.7 million Realized quarterly adjusted EBITDA of $28.8 million, or 27.7% of revenue Completed the acquisition of Geneva Healthcare Raises full year 2019 revenue guidance to $446 to $450 million President and CEO Commentary Joseph H. Capper, President and Chief Executive Officer of BioTelemetry,