Allscripts Issues 2004 Guidance; Company to Announce 2003 Fourth Quarter Results on February 19.Business Editors CHICAGO--(BUSINESS WIRE)--Jan. 14, 2004 Allscripts Healthcare Solutions (Nasdaq: MDRX), the leading provider of clinical software, connectivity and information solutions for physicians, today issued guidance for 2004. The Company expects total revenue for 2004 to be in excess of $105 million. Gross margins are projected to continue to improve, averaging between 40 and 45% for the year. Allscripts anticipates an annual EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. between $0.07 and $0.09 per share. The Company also expects to end 2004 with no debt and with total cash and marketable securities Marketable Securities Very liquid securities that can be converted into cash quickly at a reasonable price. Notes: Marketable securities are very liquid as they tend to have maturities less than one year, and the rate at which these securities can be bought or sold has exceeding $50 million. "We look forward to profitable operations throughout 2004, demonstrating continued growth and value for our shareholders," stated Glen Tullman, Chief Executive Officer of Allscripts Healthcare Solutions. "With positive cash flow from operations Cash flow from operations A firm's net cash inflow resulting directly from its regular operations (disregarding extraordinary items such as the sale of fixed assets or transaction costs associated with issuing securities), calculated as the sum of net income plus noncash expenses in 2003 as a foundation and a robust pipeline and backlog, Allscripts is well positioned to deliver strong performance in 2004. The market for information technology solutions in healthcare has accelerated and will support the Company as we continue our positive financial trends in the coming year." The Company also announced that it will report its 2003 and fourth quarter results, after the market closes on Thursday, February 19, 2004. AHS AHS Assistant House Surgeon. management will host a conference call and webcast to discuss the company's earnings and other information at 4:30 PM Eastern Time on February 19, 2004. The earnings news release will be distributed via BusinessWire immediately after the market closes the afternoon of February 19, 2004. The release will also be available on the Company's web site at www.allscripts.com. To listen to the conference call broadcast, participants may log onto www.allscripts.com. We suggest you log onto the web site approximately 15 minutes prior to the conference call to download and install any necessary software. The conference call also can be accessed by dialing 1-800-374-0526. A Microsoft Windows See Windows. (operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. Media Player web replay will be available 3 hours after the conclusion of the call for a period of 2 weeks at www.allscripts.com or by calling 1-800-642-1687, ID # 4978016. Allscripts Healthcare Solutions is the leading provider of clinical software and information solutions for physicians. The Company's award-winning TouchWorks(TM) software is a modular electronic medical record that enhances physician productivity using Tablet PCs, wireless handheld devices or desktop workstations to automate the most common physician activities including prescribing, dictating, capturing charges, ordering labs and viewing results, providing patient education, and documenting clinical encounters. AHS also offers electronic document imaging and scanning solutions through its Advanced Imaging Concepts (AIC AIC Association des Infermières Canadiennes. ) subsidiary. Additionally, AHS provides interactive healthcare product education services for physicians and patient compliance and adherence programs through its Physicians Interactive(TM) business and also provides medication fulfillment services through its Allscripts Direct(TM) business unit. Strategic partners include IDX Systems IDX Systems Corporation (IDX) was a healthcare software technology company that formerly had headquarters in South Burlington, Vermont. It was founded in 1969 by Robert Hoehl, Richard Tarrant, and Paul Egerman. (Nasdaq: IDXC); IMS Health IMS Health (NYSE: RX) is an international consulting and data services company that supplies the pharmaceutical industry with sales data and consulting services. IMS Health was founded in 1954 by Bill Frohlich and David Dubow. (NYSE NYSE See: New York Stock Exchange : RX); Microsoft; Hewlett-Packard Company; and Medco Health. TouchWorks, Physicians Interactive, and Allscripts Direct are trademarks of Allscripts Healthcare Solutions. Visit AHS on the Web at www.allscripts.com. (Minimum requirements to listen to broadcast: Microsoft Windows Media Player software, downloadable free from http://windowsmedia.com/download/download.asp, 28.8Kpbs modem Internet connection, and speakers/earphones.) This announcement may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. about Allscripts Healthcare Solutions that involve risks and uncertainties. These statements are developed by combining currently available information with Allscripts beliefs and assumptions. Forward-looking statements do not guarantee future performance. Because Allscripts cannot predict all of the risks and uncertainties that may affect it, or control the ones it does predict, Allscripts' actual results may be materially different from the results expressed in its forward-looking statements. For a more complete discussion of the risks, uncertainties and assumptions that may affect Allscripts see the Company's 2002 Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , available through the Web site maintained by the Securities and Exchange Commission at www.sec.gov. |
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