SMLR - Semler Scientific GAAP EPS of $0.75 beats by $0.19 revenue of $18.6M beats by $2.6M

2023-08-10 16:03:02 ET

• Semler Scientific press release ( NASDAQ: SMLR ): Q2 GAAP EPS of $0.75 beats by $0.19 .
• Revenue of $18.6M (+25.4% Y/Y) beats by $2.6M .
  • Fixed fee software license revenues were $9.6 million, an increase of $1.1 million, or 13%, compared to $8.5 million.
  • Variable fee software license revenues were $8.4 million, an increase of $2.4 million, or 39%, compared to $6.0 million.
  • Sales of other products were $0.6 million, an increase of $0.3 million, or 128%, compared to $0.3 million.
• Cost of revenues of $1.2 million, an increase of $0.2 million, or 27%, compared to $1.0 million. As a percentage of revenues, cost of revenues was unchanged at 7%.
• Total operating expenses of $11.4 million, which includes cost of revenues, an increase of $1.8 million, or 18%, compared to $9.6 million. As a percentage of revenues, operating expenses decreased to 61% compared to 65%.
• Pre-tax net income of $7.7 million, an increase of $2.5 million, or 48%, compared to $5.2 million.
• Income tax expense of $1.8 million, or an effective tax rate of 23%, compared to $1.1 million, or an effective tax rate of 22%.

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