NextGen down 17% after FQ1 miss and guidance cut

NextGen Healthcare (NXGN -17%) slumps on double normal volume in early trade in reaction to disappointing fiscal Q1 results released after the close yesterday. Highlights:

Revenues: $131.9M (-1.0%); net income: $1.2M (-53.0%); EPS: $0.02 (-50.0%).

Non-GAAP net income: $10.5M (-14.6%); non-GAAP EPS: $0.16 (-15.8%).

Cash flow ops: $17.0M (+466.7%).

2019 guidance: Revenue: $536M – 550M from $543M – 559M; non-GAAP EPS: $0.82 – 0.90 from $0.86 – 0.94.

https://seekingalpha.com/news/3481691-nextgen-17-percent-fq1-miss-guidance-cut