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CRH Medical Corporation Announces 2019 First Quarter Results
Total Revenue Grows 18% Compared to Q1 2018
VANCOUVER, B.C. May 1, 2019 CRH Medical Corporation (TSX: CRH) (NYSE MKT: CRHM) (CRH or the Company), today announced its financial and operating results for the three months ended March 31, 2019.
Selected First Quarter 2019 Financial Results (expressed in USD):
First Quarter Highlights:
Total revenue: $29.1 million
Operating income: $3.8 million, 13% operating income margin
Adjusted operating EBITDA: $13.1 million, 45% adjusted operating EBITDA margin
Net and comprehensive loss Shareholder: $(0.1) million
Adjusted operating EBITDA Shareholder: $8.8 million
Net cash provided by operating activities: $12.4 million
Anesthesia patient cases: 77,501
Dr. Tushar Ramani, Chief Executive Officer of CRH commented, We are very pleased with our 2019 Q1 results. Steady double digit revenue growth coupled with shareholder adjusted operating EBITDA of $8.8 million for the quarter show that our model continues to deliver on its potential and validate our acquisition and operational strategies. Dr. Ramani continued, CRH is well positioned to grow its current model, expand its offerings, and continue to deliver strong financial results.
CRH will host a conference call to discuss its results on Thursday, May 2, 2019, at 11:00 am EST (08:00 am PST). To participate in the conference, please dial 1-800-319-4610, or 1-604-638-5340. An audio replay will be available shortly after the call by dialing 1-800-319-6413 or (604) 638-9010 and entering access code 3086. The replay will be available for two weeks after the call.
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The following information was filed by Crh Medical Corp (CRHM) on Wednesday, May 1, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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