athenahealth, Inc. Reports Fourth Quarter and Full Year 2009 Results.

Business WireMarch 15, 2010

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athenahealth, Inc. Reports Fourth Quarter and Full Year 2009 Results.

Completes Internal Accounting Review and Restates Financials Due To Change in Implementation Fee Amortization Period

-- 33% Revenue Growth Over Fourth Quarter of 2008

-- GAAP Net Income of $4.3 Million, or $0.12 Per Diluted Share

-- Non-GAAP Adjusted Net Income of $5.9 Million, or $0.17 Per Diluted Share

WATERTOWN, Mass. -- athenahealth, Inc. (Nasdaq: ATHN), (the "Company"), a leading provider of Internet-based business services for physician practices, today announced financial and operational results for the fourth quarter and full year of 2009.

In addition, the Company announced the completion of a restatement of prior period financials due to a change in the amortization period for deferred implementation revenue. The Company's financial statements for the fiscal years ended 2005, 2006, 2007 and 2008, each quarterly period in 2008, and the quarterly periods for Q1 through Q3 in 2009 were re...

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