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Revenue in the third quarter of 2022 earnings season increased by 8.119 % to $
161.88 millions in in comparison to to $149.72 millions on a year-over-year basis, NXGN recorded earnings advance of 50 % to $0.12, as in comparison to at $0.08 in the prior year reporting period.
In contrast to the Q2 Revenues advanced by 1.527 % from $159.44 millions and profit plummeted by -40 % from $0.20 per share.
Net income of $7.815 millions in the third quarter of 2022 increased by 50.49 % from net earnings of $5.193 millions reported in the third quarter of 2022 a year ago. Nextgen Healthcare Inc also emphasized it's improving profit margins, where net margin rose to 4.83% in third quarter of 2022, and operating margin edged up to 5.91%.
Operating earnings, on the other hand, improved just 19.43% to $9.564 millions.
Nextgen Healthcare Inc is expected to report next financial earnings on May 16, 2023.