NASDAQ$HSTM

HealthStream Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Announced fourth quarter and full-year 2022 results, initiated quarterly cash dividend, and provided operational & leadership updates.

HealthStream's Q4 2022 revenues increased by 7% to $68.5 million, with operating income rising to $3.1 million and net income reaching $2.5 million, or $0.08 EPS. The company completed the acquisition of Electronic Education Documentation System, LLC (d/b/a "eeds").

  • Revenues increased by 7% to $68.5 million compared to Q4 2021.
  • Operating income improved to $3.1 million, up from an operating loss in Q4 2021.
  • Net income increased to $2.5 million, up from a net loss in Q4 2021.
  • Earnings per share (EPS) reached $0.08 per share (diluted), compared to a loss of $0.01 per share (diluted) in Q4 2021.

Headline financials

Total Revenue

$68.5M

Previous: $64.3M+6.5%
EPS (adj)

$0.08

Previous: $0.05+60.0%
Capital Expenditures

$198K

Previous: $815K-75.7%
Free Cash Flow

$7.91M

Previous: $5.13M+54.1%
Net Income

$2.5M

Previous: -$400K+725.0%
Operating Income

$3.1M

Previous: -$500K+720.0%
Gross Profit

$45M

Previous: $41.4M+8.8%
Cash & Equivalents

$53.9M

Previous: $51.9M+3.9%
Total Assets

$498M

Previous: $487M+2.3%
Stock-Based Comp

$945K

Previous: $3.04M-68.9%

Revenue & EPS history

HealthStream · Revenue · Quarterly

$68.5M

Q4 2022+6.5%vs Q4 2021
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 providing guidance for 2023 on a consolidated basis, reflecting assumptions regarding the COVID-19 pandemic and current economic conditions, projecting revenue between $282 million and $290 million and adjusted EBITDA between $58 million and $62 million. This guidance does not include the impact of any acquisitions that we may complete during 2023.

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 Q4 2022

Historical avgQ4 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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