NASDAQ$NRC

NRC Health · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Announced results for the third quarter 2023.

NRC Health's third quarter 2023 saw increased new sales compared to the third quarter of 2022, driven by growth in the Human Understanding Program, which was adopted by 91 healthcare organizations. The company is focused on controlling costs and has achieved sequential quarterly operating margin improvement. NRC remains well-positioned to execute capital allocation alternatives, including innovation, growth investments, shareholder dividends, and share repurchases.

  • New sales increased compared to Q3 2022, driven by the Human Understanding Program.
  • 91 healthcare organizations adopted the Human Understanding Program as of September 30, 2023.
  • Sequential quarterly operating margin improvement was realized in the last two quarters.
  • NRC remains well-positioned to execute capital allocation alternatives.

Headline financials

Total Revenue

$37.9M

Previous: $37.7M+0.7%
EPS (adj)

$0.32

Previous: $0.33-3.0%
Capital Expenditures

-$12M

Previous: -$7.87M-52.6%
Free Cash Flow

-$4.13M

Previous: $429K-1063.4%
Net Income

$7.88M

Previous: $8.3M-5.1%
Operating Income

$9.96M

Previous: $11.1M-10.4%
Gross Profit

-$14.6M

Previous: -$14.5M-0.8%
Cash & Equivalents

$3.83M

Previous: $28.4M-86.5%
Total Assets

$120M

Previous: $135M-11.0%
Stock-Based Comp

$68K

Previous: $291K-76.6%

Revenue & EPS history

NRC · Revenue · Quarterly

$37.9M

Q3 2023+0.7%vs Q3 2022

Forward guidance

NRC Health is focused on controlling costs in an inflationary environment and returning to historical operating margins. The company is well-positioned to execute capital allocation alternatives, including funding innovation and growth investments, shareholder dividends and share repurchases.

Tailwinds

  • Focus on controlling costs in an inflationary environment.
  • Sequential quarterly operating margin improvement in the last two quarters.
  • Emphasis on returning to historical operating margins.
  • Well-positioned to execute the entire range of capital allocation alternatives.
  • Funding innovation and growth investments.

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

-0.9%

Avg return

Earnings day

-0.9%

Avg return

5 days after

-0.3%

Avg return

30 days after

54%

28 / 52 earnings

Positive

+16.1%

Q3 2025

Best reaction

-19.9%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.6%+7.9%+16.0%
Q4 2025-19.9%-27.2%-35.9%
Q3 2025+16.1%+17.0%+51.2%
Q2 2025+2.1%+4.8%+6.7%
Q1 2025+7.0%+7.6%+20.2%
Q4 2024-11.9%-11.0%-22.6%
Q3 2024+2.6%-2.1%+4.5%
Q2 2024-11.7%-9.3%-7.2%
Q1 2024-15.3%-11.6%-23.7%
Q4 2023+2.2%+0.6%+1.7%
Q3 2023-1.9%-0.3%-1.1%
Q2 2023+2.2%-0.4%-2.6%
Q1 2023-8.3%-5.2%-1.2%
Q4 2022+4.8%+5.3%-1.8%
Q3 2022-13.5%-8.3%-3.5%
Q2 2022-4.1%-7.4%-12.8%
Q1 2022-5.3%-3.6%+5.0%
Q4 2021-1.5%-4.5%-4.7%
Q3 2021+6.7%+6.7%-8.1%
Q2 2021-0.8%-0.2%+1.6%
Q1 2021-10.2%-5.1%-7.0%
Q4 2020-0.7%-3.9%+0.3%
Q3 2020+1.8%-0.1%-7.8%
Q2 2020-4.1%-1.0%-3.0%
Q1 2020+4.6%+10.3%+12.7%
Q4 2019+0.3%+1.8%-36.0%
Q3 2019-0.4%+0.2%+7.5%
Q2 2019+3.0%+2.6%+1.0%
Q1 2019+7.1%+13.1%+26.5%
Q4 2018+0.6%+2.7%+0.2%
Q3 2018+3.5%+2.4%+4.8%
Q2 2018-0.3%-0.3%+2.4%
Q1 2018+7.3%+5.5%+5.4%
Q4 2017-7.4%-7.9%-9.7%
Q3 2017-10.1%-11.5%-7.7%
Q2 2017+0.9%+1.7%+9.9%
Q1 2017+0.8%-3.4%-3.0%
Q4 2016-3.0%-4.9%+0.5%
Q3 2016-4.6%-1.0%+5.2%
Q2 2016+0.3%+2.3%+2.2%
Q1 2016+2.0%
Q4 2015+0.6%
Q3 2015+1.5%
Q2 2015-2.4%
Q1 2015+1.3%
Q4 2014-0.8%
Q3 2014+0.9%
Q2 2014+3.8%
Q1 2014+3.9%
Q4 2013+5.1%
Q3 2013+1.0%
Q2 2013-1.2%
Q1 2013
Q4 2012
Q2 2010
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q1 2011
Q3 2011
Q3 2010
Q4 2009
Q2 2011
Q4 2010
Q1 2010

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