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National Research Corporation Announces Third Quarter 2019 Results
LINCOLN, Neb., Nov. 05, 2019 (GLOBE NEWSWIRE) -- National Research Corporation (NASDAQ:NRC) today announced results for the third quarter of 2019. In
About this update from Nrc Health
[{"type":"text","content":"LINCOLN, Neb., Nov. 05, 2019 (GLOBE NEWSWIRE) -- National Research Corporation (NASDAQ:NRC) today announced results for the third quarter of 2019.\n In comparison to the third quarter of 2018: Record sales—Net New Sales of $10.0 millionTotal Contract Value increased to $140.5 million up 11%Revenue increased 8% to $32.5 millionOperating Income increased 11% to $10.2 millionVoice of the Customer (VoC) platform revenue increased by 35% Commenting on recent performance, Michael D. Hays, chief executive officer of National Research Corporation said, “Several of the largest and most prestigious health systems in the country switched to NRC’s Voice of the Customer platform in the third quarter, setting a new sales record. The pipeline for the balance of 2019 and 2020 is equally impressive.” Revenue for the quarter ended September 30, 2019, was $32.5 million, compared to $30.0 million for the same quarter in 2018. Net income for the quarter ended September 30, 2019, was $8.1 million, compared to $7.0 million for the quarter ended September 30, 2018. Diluted earnings per share increased to $0.31 for the common stock (formerly Class A) for the quarter ended September 30, 2019, from diluted earnings per share of $0.27 for the quarter ended September 30, 2018. Regarding the Company’s third quarter financial performance, Kevin Karas, chief financial officer of National Research Corporation, said, “Our sales performance continued to gain momentum with our net new sales year-to-date increasing by 28% compared to the first three quarters of 2018. The continued focus on adding new customers to the VoC platform solution and driving value for existing customers resulted in an increase in total contract value in the third quarter 2019 of 11% over the prior year. VoC platform contract value has grown by 33% over the third quarter of 2018 and now represents 66% of total contract value.” A listen-only simulcast of National Research Corporation’s 2019 third quarter conference call will be available online at http://edge.media-server.com/mmc/p/to3vagfu on November 6, 2019, beginning at 11:00 a.m. Eastern time. The online replay will follow approximately one hour later and continue for 30 days. For more than 38 years, National Research Corporation has been a leading provider of analytics and insights that facilitate measurement and improvement of the pat...