NASDAQ$HCAT

Health Catalyst Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported strong financial results with revenue of $76.4 million and Adjusted EBITDA of $7.3 million, exceeding guidance.

Health Catalyst reported strong financial results for Q3 2024, with total revenue of $76.4 million and Adjusted EBITDA of $7.3 million, both exceeding the midpoint of their quarterly guidance. They are raising their Adjusted EBITDA guidance by $1 million for 2024.

  • Total revenue reached $76.4 million.
  • Adjusted EBITDA was $7.3 million.
  • Adjusted EBITDA guidance raised by $1 million for 2024.
  • Company is focused on driving profitable growth and scaling.

Headline financials

Total Revenue

$76.4M

Previous: $73.8M+3.5%
EPS

-$0.24

Previous: $0.03-900.0%
Capital Expenditures

-$1.2M

Previous: -$981K-22.6%
Free Cash Flow

-$15.9M

Previous: -$23M+30.8%
Net Income

-$14.7M

Previous: -$22M+33.2%
Operating Income

-$13.7M

Previous: -$24.6M+44.3%
Gross Profit

-$46M

Previous: -$44M-4.6%
Cash & Equivalents

$328M

Previous: $95M+245.7%
Total Assets

$813M

Previous: $713M+14.0%
R&D Expense

$14M

No prior period
Stock-Based Comp

$9.51M

Previous: $14.2M-33.2%

Revenue & EPS history

Health Catalyst · Revenue · Quarterly

$76.4M

Q3 2024+3.5%vs Q3 2023
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

Health Catalyst · $73.8M total across 2 segments · Q3 2023

  • Technology
    $46M+4.5%
  • Professional Services
    $27.8M+14.1%

Forward guidance

Health Catalyst provides forward-looking guidance on total revenue and Adjusted EBITDA. For the fourth quarter of 2024, they expect total revenue between $78.0 million and $84.0 million, and Adjusted EBITDA between $6.8 million and $8.8 million. For the full year of 2024, they expect total revenue between $305.0 million and $311.0 million, and Adjusted EBITDA between $25.0 million and $27.0 million.

Tailwinds

  • Total revenue between $78.0 million and $84.0 million for Q4 2024.
  • Adjusted EBITDA between $6.8 million and $8.8 million for Q4 2024.
  • Total revenue between $305.0 million and $311.0 million for the full year 2024.
  • Adjusted EBITDA between $25.0 million and $27.0 million for the full year 2024.

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 2024

Historical avgQ3 2024

-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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