Natus Medical Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015; Provides Earnings Guidance for First Quarter and Full Year of 2016
For the full year, the company reported revenue was $375,865,000 compared with $355,834,000 for the same period last year. Income from operations was $53,473,000 compared with $45,847,000 for the same period last year. Income before tax was $52,410,000 compared with $46,008,000 for the same period last year. Net income was $37,925,000 or $1.14 diluted per share compared with $32,478,000 or $1.00 diluted per share for the same period last year. Non-GAAP income before provision for income tax was $70,413,000 compared with $57,333,000 for the same period last year. Non-GAAP net income was $51,408,000 or $1.55 diluted per share compared with $40,940,000 or $1.26 diluted per share for the same period last year. Non-GAAP Operating profit was $71,332,000 compared with $57,172,000 for the same period last year.
For the first quarter of 2016, the company provided revenue guidance of $96.5 million to $97.5 million and guided non-GAAP earnings per share of $0.34 to $0.35.
For the full year 2016, the company provided revenue guidance of $445.0 million to $450.0 million and guided non-GAAP earnings per share of $1.84 to $1.88. The company remain committed to driving towards 2016 goal of a 20% non-GAAP operating margin. Guidance for 2016 implies a tax rate of approximately 30%.