NASDAQ$HSTM

HealthStream Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported a 3% increase in revenues, a 22% increase in operating income, and a 26% increase in net income compared to Q1 2021.

HealthStream announced its Q1 2022 results, with revenues up 3% to $65.4 million, operating income up 22% to $4.0 million, and net income up 26% to $2.9 million compared to the first quarter of 2021. The company's performance was in line with expectations, setting the groundwork for further growth.

  • Revenues for Q1 2022 increased by 3% to $65.4 million compared to $63.5 million for Q1 2021.
  • Operating income for Q1 2022 was $4.0 million, a 22% increase from $3.3 million in Q1 2021.
  • Net income for Q1 2022 increased by 26% to $2.9 million, compared to $2.3 million in Q1 2021.
  • Earnings per share (EPS) for Q1 2022 was $0.09 per share (diluted) compared to $0.07 per share (diluted) in Q1 2021.

Headline financials

Total Revenue

$65.4M

Previous: $63.5M+3.0%
EPS (adj)

$0.09

Previous: $0.07+28.6%
Adjusted EBITDA

$14M

Previous: $13.6M+2.9%
Capital Expenditures

-$636K

Previous: -$1.9M+66.5%
Free Cash Flow

$2.26M

Previous: $393K+474.3%
Net Income

$2.89M

Previous: $2.29M+26.3%
Operating Income

$4.04M

Previous: $3.3M+22.3%
Gross Profit

-$22M

Previous: -$21.2M-3.6%
Cash & Equivalents

$45.4M

Previous: $45.3M+0.1%
Total Assets

$484M

Previous: $502M-3.5%
Stock-Based Comp

$774K

Previous: $616K+25.6%

Revenue & EPS history

HealthStream · Revenue · Quarterly

$65.4M

Q1 2022+3%vs Q1 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

HealthStream · $3.1M total across 2 segments · Q3 2023

  • Subscription Revenues
    $3.4M
  • Professional Services
    -$300K

Forward guidance

The Company reiterates its guidance for 2022 as previously announced on February 21, 2022. The Company’s financial guidance assumes that public health conditions associated with the pandemic and general economic conditions do not deteriorate during 2022. This consolidated guidance does not include the impact of any acquisitions that we may complete during 2022.

Tailwinds

  • Revenue Workforce Solutions - million
  • Revenue Provider Solutions - million
  • Consolidated Revenue - million
  • Adjusted EBITDA - million
  • Capital Expenditures - million

Headwinds

  • COVID-19 pandemic impact
  • Various disruptions currently being experienced by the U.S. economy due to the impact of the pandemic and other factors
  • Inflationary pressures
  • Competitive labor market conditions
  • Supply chain shortages and disruptions

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.4%

Avg return

Earnings day

-1.3%

Avg return

5 days after

-0.3%

Avg return

30 days after

49%

32 / 65 earnings

Positive

+22.1%

Q3 2014

Best reaction

-19.3%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.0%-5.2%+3.6%
Q4 2025+5.7%-0.0%+0.0%
Q3 2025+2.8%-2.6%-2.4%
Q1 2025-19.3%-16.2%-14.9%
Q4 2024+0.1%+4.4%-0.8%
Q3 2024+4.3%-1.8%+8.5%
Q2 2024-3.0%-3.4%-7.3%
Q1 2024+6.3%+3.1%+9.8%
Q4 2023-1.6%-2.8%-2.8%
Q3 2023+13.6%+11.0%+16.0%
Q2 2023-1.4%-3.7%-8.1%
Q1 2023-6.9%-9.5%-12.3%
Q4 2022+4.9%+3.1%+7.0%
Q3 2022+4.6%+11.3%+14.3%
Q2 2022+4.5%+2.1%-2.0%
Q1 2022+2.2%-1.6%+4.4%
Q4 2021-17.0%-16.7%-14.7%
Q3 2021-8.8%-6.0%-10.9%
Q2 2021+0.6%-0.8%+0.2%
Q1 2021+9.2%+8.0%+18.4%
Q4 2020+0.7%+0.5%-2.6%
Q3 2020-9.4%-14.2%-9.3%
Q2 2020+0.3%+1.1%-5.6%
Q1 2020-3.4%-9.7%-4.1%
Q4 2019+0.2%+1.4%-16.1%
Q3 2019+6.3%+7.0%+4.4%
Q2 2019-0.8%+3.4%+3.5%
Q1 2019-4.8%-3.0%-5.0%
Q4 2018+3.9%+1.5%+5.8%
Q3 2018+1.8%-5.3%-15.2%
Q2 2018-6.5%-4.2%+6.2%
Q1 2018+4.8%+9.7%+17.3%
Q4 2017+6.0%+2.0%+1.9%
Q3 2017-0.3%-2.7%+2.6%
Q2 2017-12.0%-12.6%-13.5%
Q1 2017+17.3%+17.3%+18.2%
Q4 2016+0.1%+5.0%-2.8%
Q3 2016-9.5%-15.6%-2.3%
Q2 2016-3.9%-6.2%+0.1%
Q1 2016-0.8%
Q4 2015+12.9%
Q3 2015+10.8%
Q2 2015-0.6%
Q1 2015+12.1%
Q4 2014-7.9%
Q3 2014+22.1%
Q2 2014+13.9%
Q1 2014-5.7%
Q4 2013-7.2%
Q3 2013-4.5%
Q2 2013+11.2%
Q1 2013+16.9%
Q4 2012-0.2%
Q3 2012+1.9%
Q2 2012-2.9%
Q1 2011-2.1%
Q1 2012+2.0%
Q4 2009-5.1%
Q4 2011-5.1%
Q3 2010-5.8%
Q3 2011-5.8%
Q2 2011-4.4%
Q2 2010-4.4%
Q4 2010-4.4%
Q1 2010+5.6%

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