NextGen Healthcare, Inc. (NASDAQ:NXGN) Q4 2022 Earnings Conference Call May 17, 2022 5:00 PM ET

Company Participants

Matthew Scalo - Vice President of Investor Relations

David Sides - President and Chief Executive Officer

James Arnold - Executive Vice President and Chief Financial Officer

Conference Call Participants

Jeff Garro - Piper Sandler & Co.

Stephanie Davis - SVB Leerink LLC

Jack Wallace - Guggenheim

Operator

Welcome to the NextGen Healthcare Fiscal 2022 Fourth Quarter Financial Results Conference Call. Hosting the call today from NextGen is David Sides, President and Chief Executive Officer; Jamie Arnold, Executive Vice President and Chief Financial Officer; and Matt Scalo, Vice President of Investor Relations. Today's call is being recorded.

And I will now turn the call over to Matt Scalo.

Matthew Scalo

Thank you, operator. And before we start, I'd like to remind everyone that the comments made on this call may include statements that are forward-looking within the meaning of the federal securities laws, including and without limitations, statements related to anticipated industry trends, the company's plans, future performance, products, perspectives and strategies. Risks and uncertainties exist that may cause results to differ materially from those expressed in forward-looking statements, including, among others, those risks set forth in the company's public filings with the US Securities and Exchange Commission, including the discussion under the heading Risk Factors in the company's most recent annual report on the Form 10-K and any other subsequent quarterly report on Form 10-Q. Any forward-looking statements speak only as of today. The company expressly disclaims any intent or obligation to update these forward-looking statements.

Our remarks on today's call include both our earnings results and guidance, which contain certain non-GAAP financial measures. For our earnings results, the GAAP financial measures most directly comparable to each non-GAAP financial measure used or discussed and a reconciliation of the differences between each non-GAAP financial measure and the comparable GAAP financial measure can be found within our latest quarterly earnings release that was filed with the SEC and is posted to the Investor Relations section of our website. This release also provides qualitative descriptions of how we have calculated non-GAAP financial measures contained in our guidance.

At this time, I would like to turn the call over to our President and CEO, David Sides.

David Sides

Thank you, Matt, and good afternoon everyone. Earlier this month we pre-announced our fiscal fourth quarter results and issued fiscal ‘23 financial guidance and hosted our first Investor event as a new management team. We covered a lot of ground during the Investor event, providing a clear overview of our business across three domains: Enterprise, office and insights. We highlighted NextGen's top goals, including our path to accelerating revenue growth and our target 10% rate by fiscal ‘25 [indiscernible] longer-term operating leverage and expanding adjusted EBITDA figure and the Rule of 40 performance metric, which combines revenue growth and adjusted EBITDA margin. For those of you who are not able to attend the Investor event, I would strongly encourage you to listen to the reply on our website.