The Motley Fool fool.com 03 Aug, 2022 17:00 am

Why Semler Scientific Stock Is Skyrocketing Today

Why Semler Scientific Stock Is Skyrocketing Today
Investors cheered Semler's Q2 update.

8 million, up 4% year over year and slightly above Wall Street estimates.Even though earnings fell year over year, Semler has been profitable in every quarter since Q4 2017.As a result, Semler projects full-year revenue will increase by between 9% and 14% year over year to $58 million to $60 million.The company also reported its biggest cash stockpile ever, with cash and cash equivalents totaling $40 million as of June 30, 2022.

Now what The second half of 2022 should be even better for Semler than the first.The company expects revenue growth in the second half will be between 14% and 21%.

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