This presentation contains forward-looking statements within the meaning of the federal securities laws. These statements relate to anticipated future events, future results of operations or future financial performance. In some cases, you can identify forward-looking statements by terminology such as "anticipate", "believe", "continue", "could", "estimate", "expect", "goals", "intend", "likely", "may", "plan", "potential", "predict", "project", "will" or the negative of these terms or other similar terms and phrases.
Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward- looking statements ultimately prove to be correct. Forward-looking statements in this presentation include, without limitation, statements reflecting management's expectations for future financial performance and operating expenditures, expected growth, profitability and business outlook, increased sales and marketing expenses, and the expected results from the integration of our acquisitions.
Forward-looking statements are only current predictions and are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from those anticipated by such statements. These factors include our ability to:
Manage our growth, including acquiring, partnering with, and effectively integrating CareCloud and other acquired businesses into our infrastructure;
Retain our clients and revenue levels, including effectively migrating new clients and maintaining or growing the revenue levels of our new and existing clients;
Maintain operations in Pakistan and Sri Lanka in a manner that continues to enable us to offer competitively priced products and services;
Keep pace with a rapidly changing healthcare industry;
Consistently achieve and maintain compliance with a myriad of federal, state, foreign, local, payor and industry requirements, regulations, rules, laws and contracts;
Maintain and protect the privacy of confidential and protected Company, client and patient information;
Protect and enforce intellectual property rights;
Attract and retain key officers and employees, and the continued involvement of Mahmud Haq as executive chairman, all of which are critical to our ongoing operations, growing our business and integrating of our newly acquired businesses;
Comply with covenants contained in our credit agreement with our senior secured lender, Silicon Valley Bank and other future debt facilities;
Pay our monthly preferred dividends to the holders of our Series A Preferred Stock;
Compete with other companies developing products and selling services competitive with ours, and who may have greater resources and name recognition than we have; and;
Keep and increase market acceptance of our products and services.
Although we believe that the expectations reflected in the forward-looking statements contained in this presentation are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements.
In our earnings releases, prepared remarks, conference calls, slide presentations, and webcasts, we may use or discuss non-GAAP financial measures, as defined by SEC Regulation G. The GAAP financial measure most directly comparable to each non-GAAP financial measure used or discussed, and a reconciliation of the differences between each non-GAAP financial measure and the comparable GAAP financial measure, are included in the Appendix to this presentation. Our earnings press releases containing such non-GAAP reconciliations can be found in the Investor Relations section of our web site at ir.mtbc.com.
The statements in this presentation are made as of the date of this presentation, and the Company does not assume any obligations to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
MTBC is a healthcare IT leader delivering the industry's most comprehensive suite of cloud-based solutions and business services.
A/R Under Management
#1 Cloud-Based EHR
#1 Practice Management Software
Electronic Health Records
Revenue Cycle Management
Patient Experience Management
Group Purchasing Organization
* Details reflect MTBC family of companies as of 2/28/2020, including CareCloud. For additional details, please see appendix.
Revenue Growth: 2013 - 2019 plus 2020 guidance
($ in millions)
Investors are cautioned that such statements involve risks and uncertainties that could cause actual results to differ materially from anticipated results
Adjusted EBITDA: 2013 - 2019 plus 2020 guidance
($ in millions)
Investors are cautioned that such statements involve risks and uncertainties that could cause
See reconciliations of non‐GAAP results in the Appendix
actual results to differ materially from anticipated results
Experienced Leadership Team
Founder and Executive Chairman
Former CEO of Compass International Services Corporation (Nasdaq: CMPS). Completed 14 acquisitions in 18 months, growing revenue to ~$180 million rate. Acquired by NCO Group, Inc.
Various senior positions at American Express Company (NYSE: AXP) for 12 years including VP of Global Risk Mgmt.
B.S. in Aviation Management, Bridgewater State College. M.B.A. in Finance, Clark University
President and Director
Joined MTBC in 2002. Formerly served as Manager of IT, General Manager, Chief Information Officer, and VP of Global Operations
Extensive healthcare IT experience
Various roles in the banking and IT sector prior to MTBC
BS in Mathematics and Statistics and holds numerous information technology certifications
Chief Executive Officer and Director
Joined MTBC in 2005. Formerly served as VP / General Counsel, COO and President
Attorney for 17 years with M&A and healthcare law experience
Writings on healthcare industry, law and policy have been published by American Bar Association
J.D. Rutgers School of Law - senior editor of law journal
Chief Financial Officer
Joined MTBC in 2013
CFO of Antenna Software, Inc. from 2002 - 2012. Completed 5 acquisitions and grew the business at a CAGR of 87%
Former executive at IBM (NYSE: IBM) for 10 years.
A.B. in Economics magna cum laude, Harvard College. M.B.A. Harvard Business School
Howard Clark, Jr.
Former CFO of American Express Company (NYSE: AXP)
Former CEO, Chairman and Vice Chairman of Shearson Lehman and Vice Chairman of Barclays Capital
Board member of Pitney Bowes Inc. (NYSE: PBI), Intercontinental Hotels Group plc (LSE: IHG) and Provista Diagnostics, Inc.