athenahealth, Inc., Q4 2008 Earnings Call Transcript

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2009-02-27 09:30:42.0

Tags: Financial, Forward-looking Statement, Call Transcript, Earnings, Financial Accounting, Finance, Seeking Alpha, Athenahealth Inc.

Earnings Call Excerpt

athenahealth, Inc (ATHN)

Q4 2008 Earnings Call

February 27, 2009, 08:30 am ET

Executives

Jennifer Heizer - Senior Manager, IR

Jonathan Bush - CEO, President and Chairman

Carl Byers - SVP, CFO and Treasurer

Analysts

Richard Close - Jefferies

Newton Juhng - BB&T Capital Markets

Constantine Davides - JMP Securities

Sean Wieland - Piper Jaffray

Donald Hooker - UBS

Corey Tobin - William Blair & Company

Glenn Garmont - Thinkequity

Sandy Draper - Raymond James

Frank Sparacino - First Analysis Corp.

Leo Carpio - Caris & Company

David Bayer - Cantor Fitzgerald

Presentation

Operator

Welcome to the athenahealth Fourth Quarter and Full Year 2008 Conference Call. As a reminder today's call is being recorded. At this time, I would like to turn the call over to Jennifer Heizer, Senior Manager of Investor Relations for athenahealth. Please go ahead, Ms. Heizer.

Jennifer Heizer

Good morning and thank you for joining us. With me on the call today is Jonathan Bush our Chairman and CEO; and Carl Byers, our Chief Financial Officer.

Certain statements contained in this conference call may be considered forward-looking as defined by the Private Securities Litigation Reform Act of 1995. In particular, any statements we make about our expectations for future financial and operational performance or the benefits of our service offerings.

Forward-looking statements may often be identified with words such as we expect, we anticipate, upcoming or similar indications of future expectations. These statements involve various risks and uncertainties that could cause our actual results to differ materially from those expressed in such forward-looking statements and these include the risks and uncertainties under the heading Risk Factors in our most recent annual report on Form 10-K and other periodic reports filed with the SEC, which are available on our web site at investors.athenahealth.com and on the SEC's website at www.sec.gov.

Investors are cautioned not to place undue reliance on such forward-looking statements, as there is no assurance that the matter contained in such statements will occur. The forward-looking statements we make on today's call are based on our beliefs and expectations as of today, February 27, 2009 only. We do not undertake any obligation to revise or update such forward-looking statements.

Finally, please note that on today's call we will refer to certain non-GAAP financial measures in which we exclude certain non-cash or non-recurring items from our GAAP financial results. We believe that in order to properly understand our short-term and long-term financial trends, investors may wish to consider the impact of these items as a supplement to financial performance measures, determined in accordance with GAAP.

 

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