NASDAQ$HCAT

Health Catalyst Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Health Catalyst began the year by achieving strong performance across its business, including exceeding the mid-point of its quarterly guidance for both revenue and Adjusted EBITDA.

Health Catalyst reported strong first quarter results, exceeding revenue and Adjusted EBITDA guidance. The company achieved positive Adjusted EBITDA, fulfilling a commitment made at the time of its IPO.

  • Total revenue for the quarter was $68.09 million, a 22% increase year-over-year.
  • Technology revenue increased by 25% year-over-year to $42.23 million.
  • Professional services revenue increased by 17% year-over-year to $25.86 million.
  • Adjusted EBITDA was $671 thousand, compared to a loss of $837 thousand in the same quarter last year.

Headline financials

Total Revenue

$68.1M

Previous: $55.8M+21.9%
EPS (adj)

-$0.06

Previous: -$0.06+0.0%
Adjusted EBITDA

$671K

Previous: -$837K+180.2%
Capital Expenditures

-$356K

Previous: -$5.88M+93.9%
Free Cash Flow

-$22.8M

Previous: -$34.3M+33.4%
Net Income

-$22.5M

Previous: -$28.4M+20.8%
Operating Income

-$24.3M

Previous: -$24.3M-0.1%
Gross Profit

-$34.2M

Previous: -$27.6M-23.7%
Cash & Equivalents

$198M

Previous: $133M+49.6%
Total Assets

$825M

Previous: $571M+44.4%
Stock-Based Comp

$18.1M

Previous: $13.5M+34.1%

Revenue & EPS history

Health Catalyst · Revenue · Quarterly

$68.1M

Q1 2022+21.9%vs Q1 2021
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Revenue by segment

Health Catalyst · $68.1M total across 2 segments · Q1 2022

  • Technology
    $42.2M+24.8%
  • Professional Services
    $25.9M+17.5%

Forward guidance

For the second quarter of 2022, Health Catalyst expects total revenue between $68.0 million and $71.0 million, and Adjusted EBITDA between $(1.5) million and $0.5 million. For the full year of 2022, the company expects total revenue between $287.8 million and $292.8 million, and Adjusted EBITDA between $(4.0) million and $(2.0) million.

Tailwinds

  • Total revenue between $68.0 million and $71.0 million for Q2 2022
  • Adjusted EBITDA between $(1.5) million and $0.5 million for Q2 2022
  • Total revenue between $287.8 million and $292.8 million for the full year 2022
  • Adjusted EBITDA between $(4.0) million and $(2.0) million for the full year 2022

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 2022

Historical avgQ1 2022

-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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