SCHEDULE OF REVENUES, OPERATING EXPENSES AND OPERATING INCOME (LOSS) BY REPORTABLE SEGMENT |
SCHEDULE OF REVENUES, OPERATING EXPENSES AND OPERATING INCOME (LOSS) BY REPORTABLE SEGMENT
| |
Healthcare IT | | |
Medical
Practice Management | | |
Unallocated
Corporate Expenses | | |
Total | |
| |
Six Months Ended June 30, 2024 | |
| |
($ in thousands) | |
| |
Healthcare IT | | |
Medical
Practice Management | | |
Unallocated
Corporate Expenses | | |
Total | |
Net revenue | |
$ | 47,301 | | |
$ | 6,751 | | |
$ | - | | |
$ | 54,052 | |
Operating expenses: | |
| | | |
| | | |
| | | |
| | |
Direct operating costs | |
| 25,254 | | |
| 5,165 | | |
| - | | |
| 30,419 | |
Selling and marketing | |
| 3,417 | | |
| 17 | | |
| - | | |
| 3,434 | |
General and administrative | |
| 4,602 | | |
| 911 | | |
| 2,236 | | |
| 7,749 | |
Research and development | |
| 1,968 | | |
| - | | |
| - | | |
| 1,968 | |
Depreciation and amortization | |
| 7,478 | | |
| 166 | | |
| - | | |
| 7,644 | |
Loss on lease terminations, unoccupied lease charges and restructuring costs | |
| 438 | | |
| - | | |
| - | | |
| 438 | |
Loss on lease terminations, unoccupied lease charges and restructuring costs | |
| 438 | | |
| - | | |
| - | | |
| 438 | |
Total operating expenses | |
| 43,157 | | |
| 6,259 | | |
| 2,236 | | |
| 51,652 | |
Operating income (loss) | |
$ | 4,144 | | |
$ | 492 | | |
$ | (2,236 | ) | |
$ | 2,400 | |
| |
Healthcare IT | | |
Medical
Practice Management | | |
Unallocated
Corporate Expenses | | |
Total | |
| |
Three Months Ended June 30, 2024 | |
| |
($ in thousands) | |
| |
Healthcare IT | | |
Medical
Practice Management | | |
Unallocated
Corporate Expenses | | |
Total | |
Net revenue | |
$ | 24,580 | | |
$ | 3,510 | | |
$ | - | | |
$ | 28,090 | |
Operating expenses: | |
| | | |
| | | |
| | | |
| | |
Direct operating costs | |
| 12,710 | | |
| 2,532 | | |
| - | | |
| 15,242 | |
Selling and marketing | |
| 1,657 | | |
| 7 | | |
| - | | |
| 1,664 | |
General and administrative | |
| 2,021 | | |
| 477 | | |
| 1,530 | | |
| 4,028 | |
Research and development | |
| 1,055 | | |
| - | | |
| - | | |
| 1,055 | |
Depreciation and amortization | |
| 3,633 | | |
| 81 | | |
| - | | |
| 3,714 | |
Loss on lease terminations, unoccupied lease charges and restructuring costs | |
| 116 | | |
| - | | |
| - | | |
| 116 | |
Loss on lease terminations, unoccupied lease charges and restructuring costs | |
| 116 | | |
| - | | |
| - | | |
| 116 | |
Total operating expenses | |
| 21,192 | | |
| 3,097 | | |
| 1,530 | | |
| 25,819 | |
Operating income (loss) | |
$ | 3,388 | | |
$ | 413 | | |
$ | (1,530 | ) | |
$ | 2,271 | |
| |
Healthcare IT | | |
Medical
Practice Management | | |
Unallocated
Corporate Expenses | | |
Total | |
| |
Six Months Ended June 30, 2023 | |
| |
($ in thousands) | |
| |
Healthcare IT | | |
Medical
Practice Management | | |
Unallocated
Corporate Expenses | | |
Total | |
Net revenue | |
$ | 52,939 | | |
$ | 6,424 | | |
$ | - | | |
$ | 59,363 | |
Operating expenses: | |
| | | |
| | | |
| | | |
| | |
Direct operating costs | |
| 30,634 | | |
| 4,949 | | |
| - | | |
| 35,583 | |
Selling and marketing | |
| 5,174 | | |
| 18 | | |
| - | | |
| 5,192 | |
General and administrative | |
| 5,746 | | |
| 896 | | |
| 4,394 | | |
| 11,036 | |
Research and development | |
| 2,263 | | |
| - | | |
| - | | |
| 2,263 | |
Depreciation and amortization | |
| 6,200 | | |
| 179 | | |
| - | | |
| 6,379 | |
Net loss on lease terminations and unoccupied lease charges | |
| 422 | | |
| - | | |
| - | | |
| 422 | |
Loss on lease terminations, unoccupied lease charges and restructuring costs | |
| 422 | | |
| - | | |
| - | | |
| 422 | |
Total operating expenses | |
| 50,439 | | |
| 6,042 | | |
| 4,394 | | |
| 60,875 | |
Operating income (loss) | |
$ | 2,500 | | |
$ | 382 | | |
$ | (4,394 | ) | |
$ | (1,512 | ) |
| |
Healthcare IT | | |
Medical
Practice Management | | |
Unallocated
Corporate Expenses | | |
Total | |
| |
Three Months Ended June 30, 2023 | |
| |
($ in thousands) | |
| |
Healthcare IT | | |
Medical
Practice Management | | |
Unallocated
Corporate Expenses | | |
Total | |
Net revenue | |
$ | 25,985 | | |
$ | 3,377 | | |
$ | - | | |
$ | 29,362 | |
Operating expenses: | |
| | | |
| | | |
| | | |
| | |
Direct operating costs | |
| 14,941 | | |
| 2,535 | | |
| - | | |
| 17,476 | |
Selling and marketing | |
| 2,570 | | |
| 10 | | |
| - | | |
| 2,580 | |
General and administrative | |
| 3,250 | | |
| 448 | | |
| 2,218 | | |
| 5,916 | |
Research and development | |
| 1,185 | | |
| - | | |
| - | | |
| 1,185 | |
Depreciation and amortization | |
| 3,251 | | |
| 90 | | |
| - | | |
| 3,341 | |
Net loss on lease terminations and unoccupied lease charges | |
| 153 | | |
| - | | |
| - | | |
| 153 | |
Loss on lease terminations, unoccupied lease charges and restructuring costs | |
| 153 | | |
| - | | |
| - | | |
| 153 | |
Total operating expenses | |
| 25,350 | | |
| 3,083 | | |
| 2,218 | | |
| 30,651 | |
Operating income (loss) | |
$ | 635 | | |
$ | 294 | | |
$ | (2,218 | ) | |
$ | (1,289 | ) |
|