Hot Stock to Track: Quality Systems, Inc. (NASDAQ: QSII)

On Tuesday, Shares of Quality Systems, Inc. (NASDAQ: QSII) showed the bearish trend with a lower momentum of -2.78% and ended its trading session at $20.29. The company traded total volume of 365.21K shares as contrast to its average volume of 371.57K shares. The company has a market value of $1.25B and about 61.61M shares outstanding. During the 52-week trading session, the minimum price at which share price traded was registered at $12.24 and reached the max level of $21.10.

Quality Systems, Inc. (NASDAQ: QSII), known to its clients as NextGen Healthcare, declared recently its fiscal 2018 fourth quarter and year end March 31, 2018 operating results.

Fiscal 2018 Fourth Quarter and Year-End Highlights:

Notable for the results in the fourth quarter, subsequent to the quarter-end, was a contract-in-principle to settle the Federal Securities Class action litigation. As a result, we recorded a charge of $19.0M, which is included in our quarterly GAAP results.

Revenues for the fiscal 2018 fourth quarter of $135.80M contrast to $132.40M a year-ago. On a GAAP basis, net loss for the 2018 fourth quarter was $11.00M, contrast with net income of $4.40M in the 2017 fourth quarter. Non-GAAP net income for the 2018 fourth quarter was $10.40M contrast with non-GAAP net income of $12.70M in the 2017 fourth quarter. On a GAAP basis, fully diluted loss per share was $0.17 in the fiscal 2018 fourth quarter contrast with earnings per share of $0.07 for the same period a year ago. On a non-GAAP basis, fully diluted earnings per share for the fiscal 2018 fourth quarter was $0.16 as compared to $0.21 stated in the fourth quarter a year ago.

For the fiscal year ended March 31, 2018, revenues reached $531.00M, contrast with $509.60M for the 2017 fiscal year. GAAP net income for fiscal 2018 was $2.40M, as compared to $18.20M stated in fiscal 2017. Non-GAAP net income for fiscal year 2018 was $44.50M contrast to non-GAAP net income for fiscal year 2017 of $50.80M. On a GAAP basis, fully diluted earnings per share for the 2018 fiscal year was $0.04, contrast with $0.29 stated in the 2017 fiscal year. On a non-GAAP basis, fully diluted earnings per share for fiscal year 2018 were $0.70 as compared to $0.82 stated in the prior year.

Fiscal 2019 Financial Outlook:

The company is providing initial outlook for fiscal 2019 and anticipates:

  • Revenue of between $532.0M and $548.0M
  • Non-GAAP EPS of between $0.70 and $0.78

The Company offered net profit margin of 0.50% while its gross profit margin was 54.50%. ROE was recorded as 0.70% while beta factor was 0.62. The stock, as of recent close, has shown the weekly upbeat performance of 4.05% which was maintained at 49.41% in this year.

Michelle Smith

Michelle Smith

I am Michelle Smith and I give “Stocks Market Cap” an insight into the most recent news hitting the “Technology” sector in Wall Street. I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community.