MTBC (NYSE:MTBC ) Q3 2019 Earnings Conference Call - Final Transcript

Nov 06, 2019 • 08:30 am ET


MTBC (NYSE:MTBC ) Q3 2019 Earnings Conference Call - Final Transcript


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Good day, and welcome to the MTBC Third Quarter 2019 Earnings Conference Call and Webcast. [Operator Instructions]

I would now like to turn the conference over to Shruti Patel, General Counsel. Please go ahead.

Shruti Patel

Thank you, and good morning, everyone. Welcome to the MTBC 2019 third quarter conference call. On today's call are Mahmud Haq, our Founder and Executive Chairman; Stephen Snyder, our Chief Executive Officer and a Director; Hadi Chaudhry, our President and a Director; and Bill Korn, our Chief Financial Officer.

Before we begin, I would like to remind you that certain statements made during this conference call are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934 as amended. All statements other than statements of historical facts made during this conference call are forward-looking statements, including, without limitation, statements regarding our expectations and guidance for future financial and operational performance, expected growth, business outlook and potential organic growth and acquisitions.

Forward-looking statements may sometimes be identified with words such as will, may, expect, plan, anticipate, upcoming, believe, estimate or similar terminology and the negative of these terms. Forward-looking statements are not promises or guarantees of future performance and are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements.

These statements reflect our opinions only as of the date of this presentation and we undertake no obligation to revise these forward-looking statements in light of new information or future events. Please refer to our press release and our reports filed with the Securities and Exchange Commission, where you will find a more comprehensive discussion of our performance and factors that could cause actual results to differ materially from these forward-looking statements.

For those dialed into the call by telephone, you may download our third quarter 2019 earnings presentation by visiting our Investor Relations site at, click on Events and there, you will find a link to download the earnings presentation.

Finally, on today's call, we may refer to certain non-GAAP financial measures. Please refer to today's press release announcing our third quarter 2019 results for a reconciliation of these non-GAAP performance measures to our GAAP financial results.

With that said, I'll now turn the call over to the Chief Executive Officer of MTBC, Stephen Snyder. Steve?

Stephen Snyder

Thank you, Shruti, and thank you, everyone for joining us on our third quarter 2019 earnings call. We are very pleased to report that the first nine months of 2019 marked another period of strong growth. In fact, we increased our year-to-date revenues by 43% year-over-year. The $48.7 million, validating the strength of our unique, integrated offering and growth strategy.

If you're an investor who has been following MTBC since we went public, you know that a high rate of growth is not a new phenomenon for us. In fact, our CAGR for the