NASDAQ$HCAT

Health Catalyst Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported strong financial performance, exceeding the mid-point of quarterly guidance for both revenue and Adjusted EBITDA.

Health Catalyst reported strong Q2 2022 financial results, exceeding revenue and Adjusted EBITDA guidance. However, the company revised down its revenue and Adjusted EBITDA outlook for the full year due to a challenging end market environment impacting bookings performance.

  • Total revenue was $70.633 million, an 18% increase year-over-year.
  • Technology revenue was $45.397 million, a 28% increase year-over-year.
  • Professional services revenue was $25.236 million, a 5% increase year-over-year.
  • Adjusted EBITDA was $1.999 million, a 20% increase year-over-year.

Headline financials

Total Revenue

$70.6M

Previous: $59.6M+18.5%
EPS (adj)

-$0.03

Previous: -$0.80+96.2%
Adjusted EBITDA

$2M

Previous: $1.66M+20.3%
Capital Expenditures

-$558K

Previous: -$8.14M+93.1%
Free Cash Flow

-$34M

Previous: -$44M+22.7%
Net Income

-$33.4M

Previous: -$35.8M+6.7%
Operating Income

-$33.2M

Previous: -$32.3M-2.7%
Gross Profit

-$35M

Previous: -$30.5M-15.0%
Cash & Equivalents

$177M

Previous: $205M-13.7%
Total Assets

$811M

Previous: $563M+44.1%
Stock-Based Comp

$17.9M

Previous: $17.7M+1.2%

Revenue & EPS history

Health Catalyst · Revenue · Quarterly

$70.6M

Q2 2022+18.5%vs Q2 2021
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

Health Catalyst · $70.6M total across 2 segments · Q2 2022

  • Technology
    $45.4M+27.8%
  • Professional Services
    $25.2M+4.7%

Forward guidance

For Q3 2022, Health Catalyst expects total revenue between $65.3 million and $68.3 million, and Adjusted EBITDA between $(6.0) million and $(4.0) million. For the full year 2022, the company expects total revenue between $271.5 million and $275.5 million, and Adjusted EBITDA between $(6.0) million and $(4.0) million.

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 Q2 2022

Historical avgQ2 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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