BioTelemetry, Inc. Reports First Quarter 2020 Financial Results
Announces Record Quarterly Revenue MALVERN, Pa., May 06, 2020 (GLOBE NEWSWIRE) — BioTelemetry, Inc. (NASDAQ:BEAT), the leading remote medical technology company focused on the delivery of health information to improve quality of life and reduce cost of care, today reported results for the quarter ended March 31, 2020. Quarter Highlights Recognized quarterly revenue of $113.0 million Reached 8.7% year-over-year quarterly revenue growth Achieved 31st consecutive quarter of year-over-year revenue growth Reported quarterly GAAP net income of $7.1 million, or 6.3% of revenue Realized quarterly adjusted EBITDA of $29.5 million, or 26.1% of revenue President and CEO Commentary Joseph H. Capper, President and Chief Executive Officer of BioTelemetry, Inc., commented: “I would like to first express my sincere gratitude to the entire BioTelemetry team and to our