Company profile

Ticker
NXGN
Exchange
CEO
John Rusty Frantz
Employees
Incorporated in
Location
Fiscal year end
Former names
Quality Systems Inc, Quality Systems, Inc
SEC CIK
IRS number
952888568

NXGN stock data

(
)

Fund data

Data from SEC filings
Amount sold
Number of investors

Calendar

25 Jul 19
23 Oct 19
31 Mar 20

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 131.86M 134.79M 130.87M 130.32M
Net income 1.24M 3.93M 4.82M 13.09M
Diluted EPS 0.02 0.06 0.07 0.2
Net profit margin 0.94% 2.91% 3.69% 10.05%
Operating income 1.39M 6.54M 6.18M 15.48M
Net change in cash -4.47M 3.03M -2.33M 5.84M
Cash on hand 28.61M 33.08M 30.05M 32.39M
Cost of revenue 65.23M 62.06M 61.67M 61.12M
Annual (USD) Mar 19 Mar 18 Mar 17 Mar 16
Revenue 529.17M 531.02M 509.62M 492.48M
Net income 24.49M 2.42M 18.24M 5.66M
Diluted EPS 0.38 0.04 0.29 0.09
Net profit margin 4.63% 0.46% 3.58% 1.15%
Operating income 31.62M 2.82M 27.01M 7.36M
Net change in cash 4.23M -8.83M 10.5M -91.82M
Cash on hand 33.08M 28.85M 37.67M 27.18M
Cost of revenue 246.7M 241.54M 223.13M 225.62M

Financial data from company earnings reports

Financial report summary

?
Management Discussion
  • We generate revenue from sales of licensing rights and subscriptions to our software solutions, hardware and third-party software products, support and maintenance, managed services (formerly referred to as revenue cycle management and related services), electronic data interchange and data services (“EDI”), and other non-recurring services, including implementation, training, and consulting services performed for clients who use our products.
  • Consolidated revenue for the year ended March 31, 2019 decreased $1.8 million compared to the prior year due to a $2.3 million decrease in recurring revenues, partially offset by a $0.4 million increase in software, hardware and other non-recurring revenues. The decrease in recurring revenues was due to $15.1 million lower managed services revenue and $3.0 million lower support and maintenance revenue, partially offset by $11.2 million higher subscriptions and $4.6 million higher EDI services revenue. A decrease of approximately $12.5 million in managed services is attributed to the adoption of ASC 606, whereby a portion of service fees associated with revenue cycle management (“RCM”) arrangements are now classified within other revenue categories, such as subscription services, support and maintenance, and software license and hardware. Managed services revenue further decreased compared to the prior year due to higher levels of client attrition experienced in recent periods. The adoption of ASC 606 resulted in $7.5 million higher subscription services revenue and $5.3 million higher support and maintenance revenue, which were partially offset by lower revenue due to higher client attrition during the year. EDI revenue increased due to higher EDI services sold with our NextGen Office cloud-based solutions and growth in EDI transaction volume due to the addition of new clients and further penetration of our existing client base as well as incremental revenues earned from the sales of certain clinical data. Total software, hardware, and other non-recurring revenue increased approximately $1.4 million due to the adoption of ASC 606, partially offset by $1.0 million lower revenue based on lower demand from our clients for our software products and related implementation services.
  • Consolidated revenue for the year ended March 31, 2018 increased $21.4 million compared to the year ended March 31, 2017, due to a $27.9 million increase in recurring revenues, offset by a $6.5 million decrease in non-recurring revenues. The increase in recurring revenues was due to a $12.2 million increase in subscription services, $6.9 million increase in managed services revenue, $5.0 million increase in support and maintenance, and $3.8 million increase in EDI revenue. Subscription revenues increased due to higher sales of our NextGen Office cloud-based subscriptions, and incremental sales of our NextGen Mobile and NextGen Population Health cloud-based solutions acquired from Entrada in April 2017 and EagleDream in August 2017, respectively. Managed services revenue benefit from higher RCM services revenue from the addition of new clients and organic growth achieved through cross selling and ramping up of RCM services provided to our existing clients, which was offset by customer attrition as well as higher sales of our hosting services. The increase in support and maintenance is primarily due to lower sales credits in the current year, addition of new customers, and the impact of our annual price increases. EDI revenue increased due to higher EDI services sold with our NextGen Office cloud-based solutions and growth in EDI transaction volume due to the addition of new clients and further penetration of our existing client base. The decrease in non-recurring revenue was due to lower software license and hardware revenue, partially offset by an increase in other non-recurring services. The decline in software license and hardware reflects lower recent bookings associated with the increasingly saturated end-market for electronic health records software and our transition to a recurring subscription-based model. The increase in other non-recurring services is primarily due to an increase in consulting service and other professional services based on demand from our customers.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: accomplished, affiliate, agnostic, Becker, billion, bipartisan, book, borrowing, broader, CA, Capturing, category, challenging, CIO, clinician, CMS, collateralized, commercial, consume, coordinate, coordinating, coverage, decade, digitize, discount, distributed, domain, double, earliest, earnout, element, elevating, embark, escalating, experienced, extremely, faced, firmly, fit, fixed, flex, flexibility, flow, fluctuate, forecasted, freedom, Frost, healthy, HIT, imperative, implicit, Importantly, inception, Indian, Inline, insignificant, instance, Intelligence, Interactive, involuntary, join, journey, low, loyal, loyalty, Medicaid, MO, Monte, nondeductible, opening, outplacement, PA, package, pay, pertaining, pervasive, PHM, portal, predictable, preserve, pursuit, readily, regional, rent, rental, reply, RevCycle, roadmap, Rupee, scale, scribe, shrinking, side, spending, spread, stem, stratification, succeed, successful, successfully, Sullivan, superb, terminate, thereof, thrive, thriving, unfavorable, VBC, viability, view, vouchering, windfall, workforce
Removed: abroad, accelerated, accountable, acquiring, add, adding, Additionally, addressing, Administration, advertising, aforementioned, allocating, allocation, amortizable, anniversary, API, appointed, approval, assemblage, assist, assumed, attendance, attributed, Austin, automation, bad, banc, billing, binding, brand, bringing, broad, build, building, Bulletin, bundled, burnout, capability, caregiver, certainty, certiorari, CID, Civil, clarify, Clarifying, codification, collaborative, commitment, commonly, compensatory, complement, conform, connectivity, consolidating, controlling, Costa, counsel, creating, customary, daily, dated, deductible, deduction, deny, deploy, depreciable, destiny, dictating, difficult, discipline, diverse, diversity, domestic, ease, easy, economy, efficiency, efficient, eligibility, eliminate, elimination, en, enactment, enhancing, enrich, erosion, establishing, evolving, expanded, expanding, expertise, extensibility, extraordinary, factoring, false, faster, flagship, force, forefront, forma, formula, foundational, fourth, funded, gain, GILTI, growing, growth, guide, Headquartered, hear, history, identifiable, identified, identity, impacted, implement, importance, improving, increasing, increasingly, incurring, individually, influenced, infrastructure, initiative, innovate, innovation, insight, integrating, Internet, interpretation, introduced, intuitive, Investigative, involved, irrespective, Justice, knowledge, large, law, leader, leveraging, liable, lifted, LLC, maintaining, manage, manufacturer, manufacturing, map, Membership, Merger, Mesa, MI, migrating, migration, Mirth, misleading, mismanagement, modification, modified, move, movement, Nashville, negative, nimble, noted, November, NY, Obama, objective, occurring, offer, opportunity, ordered, organization, organizational, ownership, participating, pending, penetration, permanently, permitting, personalized, petition, play, plug, PM, portfolio, positive, power, preliminary, premier, President, pro, proactively, progressive, prospective, protect, provisional, pure, pursuing, putative, qualify, realized, recaptioned, reclassified, reconciling, rehearing, reimbursed, relationship, remain, remanding, repatriation, repeal, replacement, reputation, requested, resetting, reshaping, resolving, responding, resulted, retrospective, reversing, reward, road, robust, Rochester, role, SAB, saturated, scalable, scope, sell, serve, serviceability, serving, SGR, sharing, short, shown, similarly, simpler, situated, size, statutory, stay, stayed, stimulate, stream, strength, strive, subpoena, supporting, Supreme, sustainable, systematic, tangible, taxation, TCJA, temporary, territorial, timeline, Timothy, TN, tradeshow, transform, transforming, transitioning, Traverse, treating, treatment, unbilled, uncertainty, unique, unremitted, upcoming, usage, utilized, violation, vision, vital, work, writ, wrongdoing