BALTIMORE, April 15 /PRNewswire/ -- HCIA Inc. (Nasdaq-NNM: HCIA) today announced results for the first quarter ended March 31, 1996. Net income per share increased 180 percent to $0.14 and revenues increased 63 percent to $14.2 million. HCIA also announced that it intends to amend its previously filed registration statement today to register the proposed sale by AMBAC of all of the shares of HCIA common stock that AMBAC currently holds. An investor's conference call is scheduled for 11:30 a.m. EDT Monday, April 15, 1996. Please contact Ms. Jean Chenoweth, Vice President, Industry Relations, at 410-332-7515 for further information. HCIA Inc. is a leading health care information content company that develops and markets clinical and financial decision support systems used by hospitals, integrated delivery systems, managed care organizations, employers, and pharmaceutical manufacturers. The Company's databases and products are used to benchmark clinical performance and outcomes, profile best practices and manage the cost and delivery of health care. HCIA INC. AND SUBSIDIARIES Condensed Summary of Operations (Unaudited) Three months ended March 31, 1996 1995 (in thousands except per share amount) Revenue $14,229 $8,749 Operating income 1,930 437 Income Before Income Taxes and Minority Interest 2,129 588 Provision for Income Taxes (838) (238) Net income $1,291 $343 Net income per share $0.14 $0.05 Weighted Average Shares Outstanding 9,460 6,508 HCIA INC. AND SUBSIDIARIES Condensed Summary Balance Sheet (in thousands) March 31, 1996 December 31, 1995 (Unaudited) Cash and short-term investments $24,941 $26,470 Trade accounts receivable 18,222 16,623 Total current assets 46,021 45,329 Total assets $111,204 $108,401 Total current liabilities $10,972 $9,658 Total long-term liabilities 699 699 Stockholders' equity $99,533 $98,044 -0- 4/15/96 /CONTACT: Jean Chenoweth of HCIA, 410-332-7515/ (HCIA) CO: HCIA Inc. ST: Maryland IN: HEA SU: ERN -0- (PRN) Apr/15/96 8:04 EOS (PRN) Apr/15/96 08:04 86 â -0- (PRN) Apr/15/96 8:19
HCIA ANNOUNCES FIRST QUARTER RESULTS
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