other_material
confidence high
sentiment neutral
materiality 0.70
Veradigm reports preliminary Q1 2025 revenue $145-147M, announces $100M debt financing, reaffirms FY2025 outlook
Veradigm Inc.
- Preliminary Q1 2025 GAAP revenue $145-147M; cash $272M; debt $208M (convertible notes).
- New $100M senior secured loan, $75M drawn June 18, 2025, at SOFR+750bps, maturing in 5 years.
- Reaffirms FY2025 revenue flat vs 2024 ($583-588M); net cash expected positive.
- Q1 2025 closed deals with >$30M annual contract value, up 25% YoY.
- Expects to become current in SEC filings by 2026, then seek relisting of common stock.
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