Healthways Reports First-Quarter Financial Results
Revenues Increased Year-over-Year by 7% to $177 Million
Major New Contract with Fortune 100 Company among 20 Signed in First Quarter
Affirms Financial Guidance for 2014, Excluding Previously Announced Settlement Charge
Ben R. Leedle, Jr., president and chief executive officer of Healthways (HWAY), today announced financial results for the first quarter ended March 31, 2014.
- Total revenues for the quarter were $176.8 million, up 7.0% from $165.2 million for the first quarter of 2013.
- Net loss for the first quarter of 2014 was $9.6 million, or $0.27 per share. Adjusted net loss was $2.6 million, or $0.07 per share for the first quarter of 2014, improved from $3.9 million, or $0.12 per share, for the same period last year. (See pages 10 and 11 for a reconciliation of non-GAAP financial measures.)
- Published: 25 April 2014
- Written by Editor