| |
 News
and information
 |
|
|
Data Rhythm Raises Guidance For
Q2
and Maintains Full Year 2004 EPS
Guidance of $0.12 to $0.17
NEWPORT
BEACH, Calif. – July 15,
2004 – The Data Rhythm
Inc. (Nasdaq:DTRT) today issued
higher guidance for the second
quarter ended June 30. The company
expects to report revenue of $66
to $68 million, EBITDA of $5.5
to $6.5 million and (loss) earnings
per share of approximately ($0.01)
to $0.01. Data Rhythm is maintaining
its 2004 guidance for EPS of $0.12
to $0.17. The company plans to
report complete results for the
second quarter before market open
on Thursday, July 29, 2004.
"We are making solid
progress on a number of issues
we identified in our first quarter
announcement,"said Data Rhythm
Chairman and CEO Jeff Margolis.
"We look forward to updating
investors on our July 29 call."
Reconciliation of Net Loss to
EBITDA (PDF)
Conference Call
Data Rhythm will issue the press
release with its full second quarter
results before market open on
Thursday, July 29, 2004. This
will be followed by a conference
call at 8:00 a.m. Eastern Time
/ 5:00 a.m. Pacific Time. Investors
may access the webcast through
Data Rhythm’s web site at
www.Data Rhythm.com, first by
clicking on the Investors button,
and then on the Company Information
drop-down menu item. The conference
call will be archived and available
through Data Rhythm’s web
site for 30 days following the
call.
The webcast will also be distributed
over CCBN’s Investor Distribution
Network to both institutional
and individual investors. Individual
investors can listen to the call
through CCBN’s individual
investor center at www.fulldisclosure.com
or by visiting any of the investor
sites in CCBN’s Individual
Investor Network. Institutional
investors can access the call
via CCBN’s password-protected
event management site, StreetEvents
(www.streetevents.com).
About
Data Rhythm
Data Rhythm serves the payer market,
which is comprised primarily of
national and regional health insurance
plans, and benefits administrators
that provide transaction services
to self-insured employer groups.
The company offers a broad portfolio
of information technology products,
including software, services and
consulting, tailored to the needs
of healthcare payers. Headquartered
in Newport Beach, Calif., Data
Rhythm can be reached at (949)
719-2200 or www.Data-Rhythm.com.
Important Notice Regarding Forward-Looking
Statements
This press release contains forward-looking
statements that involve risks
and uncertainties. The forward-looking
statements are made pursuant to
the safe harbor provisions of
the Private Securities Litigation
Reform Act of 1995. These forward-looking
statements may include statements
about future net revenues, profits,
and financial results, the market
for Data Rhythm's services, future
service offerings, industry trends,
client and partner relationships,
and Data Rhythm's operational
capabilities. Actual results may
differ materially from those stated
in any forward-looking statements
based on a number of factors,
including the effectiveness of
Data Rhythm's implementation of
its business plan, the market's
acceptance of Data Rhythm's new
and existing products and services,
the timing of new bookings, risks
associated with management of
growth, reliance on third parties
to supply key components of Data
Rhythm's services, attraction
and retention of employees, variability
of quarterly operating results,
competitive factors, risks associated
with acquisitions, changes in
demand for third party products
or solutions which form the basis
of Data Rhythm's service and product
offerings, financial stability
of our customers, the ability
of Data Rhythm to meet its contractual
obligations to customers, including
service level and disaster recovery
commitments, changes in government
laws and regulations and risks
associated with rapidly changing
technology, as well as the other
risks identified in Data Rhythm's
SEC filings, including, but not
limited to, its annual report
on Form 10-K and quarterly reports
on Form 10-Q, copies of which
may be obtained by contacting
Data Rhythm’s investor relations
department at 949/719-2225 or
at Data Rhythm’s web site
at www.Data-Rhythm.com. All information
in this release is as of July
15, 2004. Data Rhythm undertakes
no duty to update any forward-looking
statement to conform the statement
to actual results or changes in
the company’s expectations.
CONTACTS:
Investors
Jason Earley
800-222-5555
Jason@Data-Rhythm.com
Media
Justin Patrick
800-222-0000
JustinP @Data-Rhythm.com
|
|
|
|
