NASDAQ$HCAT

Health Catalyst Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Health Catalyst reported strong financial results, exceeding revenue and Adjusted EBITDA guidance.

Health Catalyst reported a 24% increase in total revenue compared to the previous year. The company exceeded the midpoint of its quarterly guidance for both revenue and Adjusted EBITDA. Team member satisfaction scores continue to rank in the 96th percentile.

  • Total revenue increased by 24% year-over-year.
  • Technology revenue increased by 37% year-over-year.
  • Professional services revenue increased by 8% year-over-year.
  • Adjusted EBITDA improved by 86% year-over-year.

Headline financials

Total Revenue

$55.8M

Previous: $45.1M+23.8%
EPS (adj)

-$0.06

Previous: -$0.16+62.5%
Adjusted EBITDA

-$837K

Previous: -$5.97M+86.0%
Adjusted Gross Margin

54.0%

No prior period
Capital Expenditures

-$5.88M

Previous: -$506K-1062.5%
Free Cash Flow

-$34.3M

Previous: -$18M-90.3%
Net Income

-$28.4M

Previous: -$17.5M-62.2%
Operating Income

-$24.3M

Previous: -$18.1M-34.3%
Gross Profit

-$27.6M

Previous: -$24.1M-14.8%
Cash & Equivalents

$133M

Previous: $61M+117.5%
Total Assets

$571M

Previous: $309M+85.0%
Stock-Based Comp

$13.5M

Previous: $8.74M+54.6%

Revenue & EPS history

Health Catalyst · Revenue · Quarterly

$55.8M

Q1 2021+23.8%vs Q1 2020
Beat estimate in 4 of 12 quarters(33%)
ActualEstimate

Revenue by segment

Health Catalyst · $55.8M total across 2 segments · Q1 2021

  • Technology
    $33.8M+37.0%
  • Professional Services
    $22M+7.8%

Forward guidance

For Q2 2021, Health Catalyst expects total revenue between $55.1 million and $58.1 million, and Adjusted EBITDA between $(4.8) million and $(2.8) million. For the full year 2021, the company expects total revenue between $228.1 million and $231.1 million, and Adjusted EBITDA between $(15.0) million and $(13.0) million.

Tailwinds

  • Total revenue between $55.1 million and $58.1 million for Q2 2021.
  • Adjusted EBITDA between $(4.8) million and $(2.8) million for Q2 2021.
  • Total revenue between $228.1 million and $231.1 million for the full year 2021.
  • Adjusted EBITDA between $(15.0) million and $(13.0) million for the full year 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-3.1%

Avg return

Earnings day

-3.9%

Avg return

5 days after

-4.0%

Avg return

30 days after

41%

11 / 27 earnings

Positive

+27.3%

Q2 2024

Best reaction

-36.6%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-9.9%-21.7%+4.6%
Q4 2025-26.3%-35.2%-44.4%
Q3 2025-5.6%-20.5%-10.2%
Q1 2025+5.3%+8.1%+3.3%
Q4 2024-11.1%-8.5%-7.9%
Q3 2024+14.2%+7.2%+7.6%
Q2 2024+27.3%+7.3%+22.9%
Q1 2024-3.6%+2.9%-2.3%
Q4 2023-14.7%-8.9%-14.4%
Q3 2023+5.1%-0.4%+5.3%
Q2 2023-8.0%-5.0%-12.4%
Q1 2023-18.9%-14.8%-4.3%
Q4 2022+7.3%+5.8%-14.8%
Q3 2022+16.2%+42.9%+59.2%
Q2 2022-36.6%-34.7%-35.9%
Q1 2022-2.6%+24.6%+10.5%
Q4 2021+1.5%-7.1%-3.7%
Q3 2021-6.2%-6.1%-26.9%
Q2 2021+1.5%-2.3%-2.8%
Q1 2021-2.3%-8.6%-2.4%
Q4 2020+0.6%+0.1%-2.1%
Q3 2020-0.2%-3.5%+6.2%
Q2 2020-7.2%-10.9%-3.4%
Q1 2020-1.9%-0.5%-5.0%
Q4 2019+1.3%-5.8%-20.1%
Q3 2019+1.9%-0.8%-1.1%
Q2 2019-11.5%-7.8%-13.1%
Q4 2018
Q3 2018
Q2 2018
Q1 2018

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