NASDAQ$HSTM

HealthStream Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

HealthStream's Q3 2023 results were announced, demonstrating revenue growth and increased profitability.

HealthStream reported a 5% increase in revenue to $70.3 million, with operating income up 104% to $4.9 million. Net income rose by 5% to $3.9 million, and EPS increased to $0.13 per share. Adjusted EBITDA reached $16.2 million, a 28% increase.

  • Revenues increased by 5% to $70.3 million compared to Q3 2022.
  • Operating income increased by 104% to $4.9 million compared to Q3 2022.
  • Net income increased by 5% to $3.9 million compared to Q3 2022.
  • Adjusted EBITDA increased by 28% to $16.2 million compared to Q3 2022.

Headline financials

Total Revenue

$70.3M

Previous: $67.3M+4.5%
EPS (adj)

$0.13

Previous: $0.05+160.0%
Adjusted EBITDA

$16.2M

No prior period
Capital Expenditures

-$1.85M

Previous: -$1.57M-18.1%
Free Cash Flow

$2.01M

Previous: $2.1M-4.0%
Net Income

$3.87M

Previous: $3.67M+5.5%
Operating Income

$4.86M

Previous: $2.38M+104.2%
Gross Profit

-$23.6M

Previous: -$23.4M-0.9%
Cash & Equivalents

$71.8M

Previous: $51.8M+38.6%
Total Assets

$498M

Previous: $481M+3.5%
R&D Expense

$10.9M

No prior period
Stock-Based Comp

$1.04M

Previous: $918K+13.1%

Revenue & EPS history

HealthStream · Revenue · Quarterly

$70.3M

Q3 2023+4.5%vs Q3 2022
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

The Company is updating its guidance for 2023. The guidance assumes that public health conditions associated with COVID-19 and current economic conditions do not deteriorate during the remainder of 2023 and does not include the impact of any future acquisitions.

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 Q3 2023

Historical avgQ3 2023

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro