NASDAQ$HCAT

Health Catalyst Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Achieved strong performance exceeding quarterly guidance for revenue and Adjusted EBITDA.

Health Catalyst reported strong third-quarter results, exceeding the midpoint of their quarterly guidance for both revenue and Adjusted EBITDA. The company also hosted its annual Healthcare Analytics Summit conference in September, with over 3,000 registrants.

  • Total revenue for the quarter was $61.737 million, a 31% increase year-over-year.
  • Technology revenue was $38.262 million, a 37% increase year-over-year.
  • Professional services revenue was $23.475 million, a 22% increase year-over-year.
  • Adjusted EBITDA was $(5.794) million, compared to $(6.434) million in the same quarter last year.

Headline financials

Total Revenue

$61.7M

Previous: $47.2M+30.8%
EPS (adj)

-$0.18

Previous: -$0.21+14.3%
Adjusted EBITDA

-$5.79M

Previous: -$6.43M+9.9%
Capital Expenditures

-$9.83M

Previous: -$2.07M-374.5%
Free Cash Flow

-$49.8M

Previous: -$29.4M-69.5%
Net Income

-$40M

Previous: -$27.3M-46.4%
Operating Income

-$42.2M

Previous: -$23.5M-80.1%
Gross Profit

-$33.8M

Previous: -$25.2M-34.2%
Cash & Equivalents

$276M

Previous: $111M+147.9%
Total Assets

$846M

Previous: $571M+48.2%
Stock-Based Comp

$17.5M

Previous: $9.5M+84.2%

Revenue & EPS history

Health Catalyst · Revenue · Quarterly

$61.7M

Q3 2021+30.8%vs Q3 2020
Beat estimate in 4 of 13 quarters(31%)
ActualEstimate

Revenue by segment

Health Catalyst · $61.7M total across 2 segments · Q3 2021

  • Technology
    $38.3M+36.8%
  • Professional Services
    $23.5M+22.1%

Forward guidance

For the fourth quarter of 2021, Health Catalyst expects total revenue between $61.4 million and $64.4 million, and Adjusted EBITDA between $(7.5) million and $(5.5) million. For the full year of 2021, the company expects total revenue between $238.6 million and $241.6 million, and Adjusted EBITDA between $(12.5) million and $(10.5) million.

Tailwinds

  • Total revenue between $61.4 million and $64.4 million for Q4 2021
  • Adjusted EBITDA between $(7.5) million and $(5.5) million for Q4 2021
  • Total revenue between $238.6 million and $241.6 million for the full year 2021
  • Adjusted EBITDA between $(12.5) million and $(10.5) 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 Q3 2021

Historical avgQ3 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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