Nightingale Informatix Corporation Release Nightingale Version 10
Mar 23 15
Nightingale Informatix Corporation announced a limited commercial release of Nightingale Version 10 (v10) for the purpose of migrating its US client base currently using its Medrium practice management product. The commercial release of Nightingale v10 is another substantial milestone for valued Customers and the Company. This release is targeted to migrate Medrium client base and will be generally available to other US physicians and Revenue Cycle Management businesses to automate the business management components of their practices. The next generation product, v10, builds on Nightingale's 12 years of experience and is based upon a technology platform. Well in advance of the October 1, 2015 deadline for the transition from ICD-9 to ICD-10 codes, Nightingale v10 Practice Management has completed end-to-end testing with US payers including dual coding (ICD-9 and ICD-10). v10 provides robust functionality through a clean, intuitive interface providing improved productivity, efficiency and effectiveness to users. Nightingale is also planning the next release of v10 in the summer of 2015. This will be available to all Canadian and US clients including its 20,000 valued users who manage 18 million patient records on its current platforms.
Nightingale Informatix Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014
Feb 24 15
Nightingale Informatix Corporation reported earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported loss and comprehensive loss of $943,485 against $1,403,797 a year ago. Adjusted LBITDA was $179,903 against adjusted EBITDA of $140,173 a year ago. Revenue was $3.3 million compared to $3.8 million in the third quarter of fiscal year 2014, and $3.7 million in the second quarter of fiscal year 2015. The variance from fiscal year 2014 primarily reflects a decrease in non-recurring revenues which was partially offset by a 6% increase in recurring revenues from the third quarter of fiscal year 2014 and an increase of 2% from second quarter of fiscal year 2015.
For the nine months, the company reported loss and comprehensive loss of $1,348,506 against $2,428,903 a year ago. Adjusted EBITDA was $467,791 against $537,421 a year ago. Revenue was $10,735,592 against $11,328,441 a year ago.
Nightingale Informatix Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2014
Nov 26 14
Nightingale Informatix Corporation announced unaudited consolidated earnings results for the second quarter and six months ended September 30, 2014. For the quarter, revenue was CAD 3,706,114, operating loss was CAD 88,321, loss before tax was CAD 328,998 and loss and comprehensive loss was CAD 343,289 against revenue of CAD 3,758,763, operating loss of CAD 136,488, loss before tax of CAD 183,156 and loss and comprehensive loss of CAD 245,477 for the same period a year ago. Cash flows used in operating activities was CAD 1,020,949 against CAD 209,053 a year ago. Purchase of property and equipment was nil against CAD 15,090 a year ago. Adjusted EBITDA was CAD 0.33 million, or 9% of revenue, an increase of 19% from CAD 0.27 million, or 7% of revenue, in second quarter of fiscal 2014 and flat at CAD 0.3 million, or 9% of revenue, in first quarter of fiscal 2015. This decrease in Revenue was primarily due to a decrease in non-recurring revenues which was partially offset by a 7% increase in recurring revenues.
For the six months, revenue was CAD 7,398,329, operating loss was CAD 164,708, loss before tax was CAD 378,222 and loss and comprehensive loss was CAD 405,021 against revenue of CAD 7,527,944, operating loss of CAD 415,982, loss before tax of CAD 960,602 and loss and comprehensive loss of CAD 1,025,106 for the same period a year ago. Basic and diluted per share was nil against loss per share of CAD 0.01 a year ago. Cash flows provided by operating activities was CAD 275,742 against cash flows used in operating activities of CAD 12,241 a year ago. Purchase of property and equipment was CAD 74,575 against CAD 127,624 a year ago. Adjusted EBITDA was CAD 0.6 million, or 9% of revenue, compared to CAD 0.4 million, or 5% of revenue for the same period in fiscal 2014.