NASDAQ$HCAT

Health Catalyst Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Health Catalyst's financial results for Q4 and year-end 2023 were reported, showing revenue growth and strategic leadership changes.

Health Catalyst reported a 9% increase in total revenue for Q4 2023, reaching $75.1 million, and a significant improvement in Adjusted EBITDA to $1.4 million. The company also announced leadership changes, with a new CFO and COO effective March 1, 2024.

  • Total revenue increased by 9% year-over-year for the quarter ended December 31, 2023, reaching $75.1 million.
  • Adjusted EBITDA improved significantly to $1.4 million, a 324% increase compared to the same quarter last year.
  • Leadership changes were announced, including a new CFO and COO, effective March 1, 2024.
  • Full year 2023 revenue reached $295.9 million, and Adjusted EBITDA was $11.0 million.

Headline financials

Total Revenue

$75.1M

Previous: $69.2M+8.6%
EPS (adj)

$0.02

Previous: -$0.05+140.0%
Adjusted EBITDA

$1.35M

No prior period
Adjusted Gross Profit

$34.7M

No prior period
Adjusted Gross Margin

46.0%

No prior period
Capital Expenditures

-$3.01M

Previous: $415K-826.0%
Net Income

-$30.3M

Previous: -$35.8M+15.3%
Operating Income

-$32.8M

Previous: -$36.7M+10.8%
Gross Profit

$22.2M

Previous: $31.1M-28.4%
R&D Expense

$17M

No prior period
Stock-Based Comp

$13M

Previous: $18.7M-30.6%

Revenue & EPS history

Health Catalyst · Revenue · Quarterly

$75.1M

Q4 2023+8.6%vs Q4 2022
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 first quarter and full year of 2024.

Tailwinds

  • Total revenue between $72.5 million and $76.5 million for Q1 2024.
  • Adjusted EBITDA between $2.0 million and $4.0 million for Q1 2024.
  • Total revenue between $304 million and $312 million for the full year 2024.
  • Adjusted EBITDA between $24 million and $26 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 Q4 2023

Historical avgQ4 2023

-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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