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AMICAS Reports Financial Results for the Third Quarter Ended September 30, 2009

11/04/2009
Continued from page 2

Looking Forward

Fourth Quarter of 2009: The Company is increasing guidance for the fourth quarter of 2009 as follows:

  • Non-GAAP revenue for the fourth quarter is expected to be approximately $28.7 million. For 2009, non-GAAP revenue is now expected to be approximately $95.8 million, an increase of $1.0 million from prior guidance.
  • Adjusted EBITDA for the fourth quarter of 2009 is expected to be approximately $4.6 million. For 2009, adjusted EBITDA is now expected to be approximately $13.3 million, an increase of $1.0 million from prior guidance.

Fiscal Year 2010: In addition to guidance for the fourth quarter of fiscal year 2009, the company now expects 2010 to come in at the high end of the previously provided guidance. As a result, the company's revised 2010 guidance is as follows:

  • Fiscal year 2010 revenue (GAAP) is expected to be approximately $120.0 million.
  • Fiscal year 2010 adjusted EBITDA is expected to be approximately $20.7 million.

A reconciliation of the company's financial results determined in accordance with U.S. Generally Accepted Accounting Principles (GAAP) to certain non-GAAP financial measures has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below under the heading "Explanation of Non-GAAP Financial Measures."

Conference Call

AMICAS will host a conference call on Wednesday, November 4, at 8:30 a.m. Eastern Time to discuss the company's 2009 third fiscal quarter results. Investors and other interested parties may dial in to the call using the toll free number 800.862.9098 (Conference ID: 7AMICAS). The conference call will also be available via Webcast at www.amicas.com . Following the conclusion of the call, a replay will be available at 800.688.7945 or 402.220.1370 until December 4, 2009.

AMICAS® is a registered trademark and service mark of AMICAS, Inc.

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