National Research Corp., announcing its results for the third quarter, said it is debt-free.
The Lincoln Journal Star | Posted: Tuesday, November 4, 2008 6:00 pm
National Research Corp., announcing its results for the third quarter, said it is debt-free.
National Research, headquartered in Lincoln, is a provider of performance measurement, improvement services, and governance education to the health care industry in the United States and Canada.
Patrick E. Beans, chief financial officer of National Research Corporation, said the company has paid off a $12.5 million loan in 30 months in conjunction with its acquisition of TGI in May 2006.
“This, along with having paid $8.2 million in dividends and $8.9 million in repurchasing stock during that same period, speaks to our constant profitability and a very strong cash flow,” Beans said.
Revenue for the quarter ended Sept. 30 was $13.5 million compared to $14.0 million for the same quarter 2007. Net income for the quarter ended September 30, 2008, was $2.0 million compared to $2.5 million for the third quarter 2007. Earnings per share were $0.29, compared to $0.36 a year ago.
New contracts for subscription-based products were up 67 percent for the quarter and 170 percent, year-to-date
Michael D. Hays, president and chief executive officer of National Research Corporation, said, “We had a good quarter. Traditionally HealthCare Market Guide has driven our third quarter revenue and we knew, given the deferred nature of our new HCMG Ticker product, we had a hurdle to make up. The balance of the organization’s growth did just that and largely offsets HCMG revenue.”