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Semler Scientific's Board of Directors authorizes an up to $20.0 million stock repurchase program

Key Takeaway: Semler Scientific's Board of Directors an up to $20.0 million stock repurchase program SANTA CLARA, Calif., March 14, 2022 -- Semler Scientific, Inc. (Nasdaq: SMLR), a company that provides technology solutions to improve the clinical effectiveness and efficiency of healthcar

Full Press Release Details

Semler Scientific's Board of Directors
an up to $20.0 million stock repurchase program
SANTA CLARA, Calif., March 14,
2022 -- Semler Scientific, Inc. (Nasdaq: SMLR), a company that provides technology solutions to improve the clinical effectiveness and
efficiency of healthcare providers, today announced that its board of directors has authorized a $20.0 million stock repurchase program.
Semler Scientific may purchase shares on a discretionary basis from
time to time through open market purchases, privately negotiated transactions or other means, including through Rule 10b5-1 trading plans
or through the use of other techniques such as accelerated share repurchases. The timing and amount of any transactions will be subject
to the discretion of Semler Scientific based upon market conditions and other opportunities that Semler Scientific may have for the use
or investment of its cash balances. The repurchase program has no expiration date, does not require the purchase of any minimum number
of shares and may be suspended, modified or discontinued at any time without prior notice.
"The share repurchase program announced today reflects the strength
of Semler Scientific's balance sheet and is also a reflection of the confidence we have in our business profile, strategy and prospects,"
said Doug Murphy Chutorian, chief executive officer of Semler Scientific.
About Semler Scientific, Inc.:
Semler Scientific, Inc. is a company that provides technology solutions
to improve the clinical effectiveness and efficiency of healthcare providers. Semler Scientific's mission is to develop, manufacture
and market innovative products and services that assist its customers in evaluating and treating chronic diseases. Semler Scientific's
patented and U.S. Food and Drug Administration, or FDA, cleared product QuantaFlo , is a rapid point-of-care test that measures arterial
blood flow in the extremities to aid in the diagnosis of peripheral arterial disease. QuantaFlo is used by Semler Scientific's
customers to more comprehensively evaluate their patients for risk of heart attacks and strokes. Semler Scientific believes it is positioned
to provide valuable information to its insurance company and physician customers, which in turn permits them to better guide patient care.
Additional information about Semler Scientific can be found at www.semlerscientific.com.
Forward-Looking Statements
This press release contains "forward-looking"
statements. Such statements can be identified by, among other things, the use of forward-looking language such as the words "may,"
"will," "intend," "expect," "anticipate," "estimate," "project,"
"would," "could" or words with similar meaning or the negatives of these terms or by the discussion of strategy
or intentions. The forward-looking statements in this release include statements regarding Semler Scientific's share repurchase
program and expectations regarding such program and its ability to repurchase shares thereunder. Such forward-looking statements are subject
to a number of risks and uncertainties that could cause Semler Scientific's actual
results to differ materially from those discussed herein, such as whether or not insurance plans and other customers will continue to
license its cardiovascular testing products, as well as uncertainty created by the ongoing COVID 19 pandemic and any new variants, along
with those risk factors detailed in Semler Scientific's SEC filings.
These forward-looking statements involve assumptions, estimates, and uncertainties that reflect current internal projections, expectations
or beliefs. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ
materially from those anticipated in such statements. All forward-looking statements contained in this press release are qualified in
their entirety by these cautionary statements and the risk factors described above. Furthermore, all such statements are made as of the
date of this release and Semler Scientific assumes no obligation to update or revise
these statements unless otherwise required by law.
S.A. Noonan Communications
Last updated: Mar 14, 2022