OverviewSuggest Edit

MTBC is a healthcare information technology company that provides a fully integrated suite of proprietary web-based solutions, together with related business services, to healthcare providers practicing in ambulatory care settings. Its integrated Software-as-a-Service platform helps customers increase revenues, streamline workflows and make better business and clinical decisions, while reducing administrative burdens and operating costs.
TypePublic
Founded1999
HQFranklin Township, NJ, US
Websitemtbc.com
Employee Ratings3.2

Latest Updates

Employees (est.) (Jan 2019)2,400(+42%)
Revenue (FY, 2020)$105.1 M(+64%)
Share Price (Jul 2021)$7.9(+3%)
Cybersecurity ratingAMore

Key People/Management at MTBC

Stephen Snyder

Stephen Snyder

CEO and Director
Mahmud Haq

Mahmud Haq

Executive Chairman
A. Hadi Chaudhry

A. Hadi Chaudhry

President and Director
Bill Korn

Bill Korn

Chief Financial Officer
Anne M. Busquet

Anne M. Busquet

Director
John N. Daly

John N. Daly

Director
Show more

MTBC Office Locations

MTBC has offices in Franklin Township, Charlotte, Dayton, Highlands Ranch and in 15 other locations
Franklin Township, NJ, US (HQ)
7 Clyde Rd, Somerset
Charlotte, NC, US
10900 S Commerce Blvd Suite D
Dayton, OH, US
3140 Dayton Xenia Rd
Dayton, OH, US
5450 Far Hills Ave #110
Dayton, OH, US
9000 N Main St #332
Highlands Ranch, CO, US
1108 Cpl Max Donahue Ln
Show all (21)

MTBC Financials and Metrics

MTBC Revenue

Embed Graph
View revenue for all periods
MTBC's revenue was reported to be $105.12 m in FY, 2020
USD

Revenue (FY, 2020)

105.1m

Gross profit (FY, 2020)

40.3m

Gross profit margin (FY, 2020), %

38.3%

Net income (FY, 2020)

(8.8m)

EBIT (FY, 2020)

(8.3m)

Market capitalization (21-Jul-2021)

114.2m

Closing stock price (21-Jul-2021)

7.9

Cash (31-Dec-2020)

20.9m

EV

104.8m
MTBC's current market capitalization is $114.2 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

18.3m23.1m24.5m31.8m50.5m64.4m105.1m

Revenue growth, %

26%6%

Cost of goods sold

10.6m11.6m13.4m17.7m31.3m41.2m64.8m

Gross profit

7.7m11.4m11.1m14.1m19.3m23.3m40.3m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

2.6m6.0m6.1m6.0m5.6m5.1m5.2m5.3m8.2m7.8m7.5m8.3m8.7m17.0m15.1m16.7m16.9m21.9m19.6m31.6m

Cost of goods sold

1.1m3.5m2.9m2.8m2.3m2.3m2.7m5.2m4.2m4.2m4.5m4.3m12.1m9.8m11.4m10.5m13.6m12.6m19.7m

Gross profit

1.5m2.6m3.1m2.8m2.8m2.9m2.7m3.0m3.6m3.3m3.8m4.3m4.9m5.2m5.4m6.3m8.3m7.0m11.9m

Gross profit Margin, %

57%42%51%50%55%55%50%36%46%44%46%50%29%35%32%37%38%36%38%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

1.0m8.0m3.5m4.4m14.5m20.0m20.9m

Accounts Receivable

8.8m7.7m3.9m7.3m7.0m12.1m

Prepaid Expenses

662.8k1.2m1.1m7.3m

Inventories

621.5k618.5k444.4k491.1k399.0k
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

32.5k2.5m1.2m632.0k1.6m7.4m6.6m7.1m1.2m5.8m2.8m3.5m11.7m1.3m12.5m14.0m8.4m12.5m22.8m

Accounts Receivable

789.2k3.1m2.9m2.6m2.4m2.4m2.2m2.1m3.9m3.5m3.5m3.8m3.4m8.4m7.8m7.9m9.3m11.2m13.8m

Prepaid Expenses

351.7k320.2k178.7k742.7k547.4k452.8k658.1k531.2k529.4k758.8k721.4k1.7m1.1m907.1k1.1m2.3m3.5m3.6m

Inventories

456.1k364.2k375.3k486.1k309.5k305.2k
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(4.5m)(4.7m)(8.8m)(5.6m)(2.1m)(871.8k)(8.8m)

Depreciation and Amortization

2.8m4.6m5.1m4.3m2.9m3.1m10.1m

Inventories

(137.2k)(46.7k)92.0k

Accounts Payable

2.3m(1.7m)1.1m(1.5m)2.1m(1.4m)(11.9m)
USDQ2, 2014

Debt/Equity

-1.8 x

Debt/Assets

0.1 x

Financial Leverage

-14.8 x
Show all financial metrics

MTBC Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

SecurityScorecard logo

MTBC Online and Social Media Presence

Embed Graph

MTBC News and Updates

PulseCheck UrgiChart Partners with MTBC Force

MTBC now provides PulseCheck’s urgent care clients with white-label software and end-to-end RCM services

MTBC, Inc. Announces CEO Succession

President to Assume CEO Role; CEO to Assume Chief Strategy Officer Role, Leading M&A

MTBC to Participate in March Investor Conferences

SOMERSET, N.J., March 02, 2021 (GLOBE NEWSWIRE) -- MTBC, Inc. (Nasdaq: MTBC) (Nasdaq: MTBCP), a leading provider of cloud-based healthcare IT solutions and services, today announced management will participate in five investor conference events during the month of March 2021.

MTBC Announces Name Change to CareCloud, Inc., Doubles Down on Innovation & Growth

Name change sets the stage for unified client experience and cohesive technology approach

MTBC Reports Record Full Year 2020 Results

Company reports record profitability on 63% revenue growth, guides for further record performance in 2021

MTBC Doubles Bookings and Expands Team to Support Continued Growth

SOMERSET, N.J., Feb. 23, 2021 (GLOBE NEWSWIRE) -- MTBC, Inc. (Nasdaq: MTBC) (Nasdaq: MTBCP), a leading provider of cloud-based healthcare IT solutions and services, today announces sales leadership team promotions to support its continued growth during 2021 and beyond, including the expansion of K…
Show more

MTBC Frequently Asked Questions

  • When was MTBC founded?

    MTBC was founded in 1999.

  • Who are MTBC key executives?

    MTBC's key executives are Stephen Snyder, Mahmud Haq and A. Hadi Chaudhry.

  • How many employees does MTBC have?

    MTBC has 2,400 employees.

  • What is MTBC revenue?

    Latest MTBC annual revenue is $105.1 m.

  • What is MTBC revenue per employee?

    Latest MTBC revenue per employee is $43.8 k.

  • Who are MTBC competitors?

    Competitors of MTBC include Manhattan Labs, Scancell Holdings and Axial Healthcare.

  • Where is MTBC headquarters?

    MTBC headquarters is located at 7 Clyde Rd, Somerset, Franklin Township.

  • Where are MTBC offices?

    MTBC has offices in Franklin Township, Charlotte, Dayton, Highlands Ranch and in 15 other locations.

  • How many offices does MTBC have?

    MTBC has 21 offices.