NRC Health Q3 profit rises on recurring contract growth
NRC•NRC Health reported Q3 revenue of $38.4 million, up 11% year over year and above the $35.8 million estimate, with adjusted EPS of $0.21. The company cited a large customer go-live and multi-year renewals as supporting growth.
1. Revenue and contracts
NRC Health said Q3 revenue rose 11% year over year to $38.4 million, compared with a $35.8 million consensus estimate. Adjusted EPS was $0.21 and net income was $4.70 million. The company attributed revenue growth to a large customer going live and multi-year renewals, and said an expanding contract base and operating leverage supported profitability improvements.
