ATLANTA, Sept. 8, 2015 /PRNewswire/ -- Craneware plc
(AIM: CRW.L), the market leader in automated revenue integrity
solutions, announced results for its 2015 fiscal year that ended
June 30, 2015.
Financial Highlights (U.S. dollars)
- Total Contract Value in the year continues at record levels of
$72.9m (FY14: $71.0m)
- Revenue increased to $44.8m
(FY14: $42.6m)
- Adjusted EBITDA1. increased by 10% to
$14.4m (FY14: $13.1m)
- Profit before tax increased to $12.5m (FY14: $11.3m)
- Basic adjusted EPS increased to $0.378 (FY14: $0.340) and adjusted diluted EPS has increased to
$0.375 (FY14: $0.338)
- Positive operational cash flow of $22.0m (FY14: $10.2m)
- Cash at year end $41.8m (2014:
$32.6m) after payment of $5.4m dividend to shareholders
- Proposed final dividend of 7.7p (12.1
cents) per share giving a total dividend for the year of
14.0p (22.0 cents) per share (2014:
12.5p (21.37 cents) per share)
1. Adjusted EBITDA refers to earnings
before acquisition and share related transaction costs, interest,
tax, depreciation, amortisation and share based payments.
Operational Highlights
- US healthcare market evolving as predicted towards value-based
care with a critical dependency on accurate financial data
- Launch of Craneware's Value Cycle strategy at HFMA ANI
2015
- Continued investment in the product suite and the development
of a new fourth Gateway product in the Patient Access and
consumerism market
- Data Analytics capability added through partnership
- Dollar renewal rates above 100%
- Total visible revenue increased to $123.4m (FY14 same 3 year period: $111.9m)
"This year has seen Craneware continue its record level of
sales, but perhaps more importantly has seen the anticipated
emergence of a high growth financial analytics and performance
market," said Keith Neilson,
Craneware CEO. "Major changes in reimbursement and care delivery
models have made understanding and reducing the cost of care
mission-critical for every healthcare provider in the U.S. As we
expand our offerings into this value-driven healthcare market and
pioneer the Value Cycle, we are confident that our position as a
trusted financial performance partner will strengthen. This
provides a significant opportunity for the expansion of Craneware.
This opportunity combined with the business' financial strength
means we look to the future with confidence."
To see the full announcement, please go to the investor
section of Craneware's website.
About Craneware
Founded in 1999, Craneware has headquarters in Edinburgh, Scotland with offices in
Atlanta, Arizona, Massachusetts and Tennessee employing over 200 staff. Craneware
is the leader in automated revenue integrity solutions that improve
financial performance for healthcare organizations. Craneware's
market-driven, SaaS solutions help hospitals and other healthcare
providers more effectively price, charge, code and retain earned
revenue for patient care services and supplies. This optimizes
reimbursement, increases operational efficiency and minimizes
compliance risk. By partnering with Craneware, clients achieve the
visibility required to identify, address and prevent revenue
leakage. To learn more, visit craneware.com.
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SOURCE Craneware plc