Dynamic Announces Revenue and Earnings Guidance Company Sees Positive EBITDA in Fiscal 2001 and Meaningful EPS in Fiscal 2002.Business Editors & Medical Writers LAKE MARY Lake Mary may refer to:
Dynamic Healthcare Technologies, Inc. (Nasdaq:DHTI DHTI Digital Home Technology Integration ), a leading provider of information technology geared to transform diagnostic medicine announced today revenue and earnings guidance for the balance of fiscal year 2001 and fiscal year 2002. The Company expects revenues of between $25.2 million and $26 million for fiscal year 2001. The Company will sustain an operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. in the second quarter of this year made up by non-recurring costs of approximately $488,000 associated with its previously announced restructuring and approximately $660,000 in routine non-cash charges Non-Cash Charge A charge off, made by a company against earnings, that does not require an initial outlay of cash. Notes: Non-cash charges are typically against the depreciation, amortization, and depletion accounts on a company's balance sheet. . Beginning in the third quarter of fiscal year 2001, the Company anticipates that it will generate between $400,000 to $500,000, or $0.06 to $0.07 per share, post split in positive EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become (earning before interest, taxes, depreciation, and amortization). The Company expects similar EBITDA performance during the fourth quarter of fiscal year 2001. For fiscal year 2002, the Company estimates revenue growth of between 7% to 10%, resulting in anticipated net earnings of between $0.23 to $0.32 per share post split. The Company had not previously announced estimates for either year. Over the past several months, new management has focused the Company on rededicating itself to its core competencies of delivering sophisticated systems to manage patient diagnostic processes within laboratory, pathology and radiology departments in hospitals and ambulatory care ambulatory care n. Medical care provided to outpatients. ambulatory care, n the health services provided on an outpatient basis to those who can visit a health care facility and return home the same day. settings. Through this process, the Company believes that it has stabilized its revenues while slashing $4 million in operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. and reducing its debt while continuing to invest 20% of its revenues to develop and deploy new, innovative products and services. As part of its investment in new capabilities, the Company can now deliver its entire portfolio of applications and clinical results to physician offices over the Internet. These Internet initiatives marketed under the name CoMed are beginning to generate new revenues for the Company. "We are seeing positive trends in virtually all aspects of our business," said Christopher Assif, Dynamic's Chief Executive Officer. "We believe improvements in cash flows and liquidity along with increased proposal, booking and system implementation activity will remain strong throughout fiscal year 2002," Assif added. Dynamic Healthcare Technologies is transforming diagnostic medicine through its clinical and diagnostic workflow solutions for pathology, laboratory, and radiology services in hospitals, clinics, and ambulatory care settings. The company's systems are installed in more than 640 client locations, including half of the nation's "Best Hospitals" and 40% of the "Best Hospitals" in cancer treatment as reported in US News and World Reports magazine. Dynamic is expanding its reach even deeper into the care process through Internet-based clinical connectivity and applications service provider capabilities marketed under the name CoMed. This press release contains certain forward-looking statements within the meaning of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, including, but not limited to, statements regarding expected earnings, revenues, operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. , results of operations, financial performance, and future business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets . Such forward-looking statements reflect management's current expectations, beliefs, estimates, and projections regarding the Company, its industry, and future events, and are based upon certain assumptions made by management. These forward-looking statements are not guarantees of future performance and necessarily are subject to risks, uncertainties, and other factors (many of which are outside the control of the Company) which could cause actual results to differ materially from those anticipated. These risks, uncertainties, and other factors include, among others: changes in general business conditions; the effectiveness and success of our operating initiatives, business plans and strategies, new product development efforts, and marketing activities; the Company's ability to generate sufficient funds from operations Funds From Operations (FFO) Used by real estate and other investment trusts to define the cash flow from trust operations; earnings with depreciation and amortization added back. or alternative financing sources in order to meet the Company's short term liquidity needs, and the potential adverse impact of a failure to obtain or retain such financing, if needed, or to obtain financing on terms that are not detrimental to the Company; unanticipated changes in the Company's relationships with its customers; risks associated with any increased competition; and other risks described in the Company's 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. for the fiscal year ended December 31, 2000 and as described from time to time by the Company in other reports filed by it with the Securities and Exchange Commission. Any forward-looking statement speaks only to the date on which the statement is made and the Company disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise. |
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