Financial Data and Key Metrics Changes - Revenues for the quarter were $71.6 million, up 3.4% from $69.2 million in the same period last year [46] - Operating income increased by 10.1% to $4.4 million, while net income rose by 0.8% to $4.2 million [46] - Earnings per share were $0.14, up from $0.13, and adjusted EBITDA was $15.8 million, reflecting a 3.3% increase [46] - Gross margin improved to 66.8% compared to 65.9% last year, primarily due to revenue growth [48] Business Line Data and Key Metrics Changes - Subscription revenues accounted for 96% of total revenues, amounting to $69 million, which is a 3.8% increase [46] - Revenue from the ShiftWizard scheduling application grew 34% year-over-year, with subscription revenue increasing by 18% and one-time implementation services revenue growing by 145% [47] - CredentialStream added 34 new customer organizations, with approximately 65% being new customers and 35% migrating from legacy applications [15] Market Data and Key Metrics Changes - The company reported a strong sales pipeline in credentialing, scheduling, and learning applications, particularly with the new enterprise competency suite [40] - The company has signed 10 health plans in the last two years, indicating expansion into the health plan market [27] Company Strategy and Development Direction - The company is focused on building the hStream platform, which integrates various application suites and enhances interoperability [24] - The introduction of pricing escalators in contracts is expected to provide a long-term growth catalyst, although currently, less than 1% of contracts include these escalators [33][75] - The company aims to solidify its position as a healthcare technology provider by expanding its offerings and enhancing its platform capabilities [52] Management's Comments on Operating Environment and Future Outlook - Management acknowledged temporary headwinds due to customer-related events, including a timing anomaly and the bankruptcy of a strategic account, which are expected to self-correct [5][13] - The company reiterated its revenue guidance range of $292 million to $296 million, factoring in the impacts of the bankruptcy [50] - Management expressed confidence in the normalization of revenue in the second half of the year, despite the challenges faced [41] Other Important Information - The company ended the quarter with cash and investment balances of $83 million and no interest-bearing debt [20] - A quarterly cash dividend of $0.28 per share was declared, to be paid in August [21] Q&A Session Summary Question: Impact of CrowdStrike situation on HealthStream - Management reported minimal impact from the CrowdStrike situation, with only isolated cases affecting customers [60] Question: Market opportunity increase from Network by HealthStream - Management has not yet quantified the market opportunity from the Network product but noted initial success with ten accounts [61] Question: Evolution of the salesforce for cross-selling - The current sales organization is deemed sufficient, with a focus on account managers and specialists to drive growth [65] Question: Strong selling trends and competitive landscape - Management noted improvements in the sales pipeline and competitive positioning, particularly in the health plan market [67] Question: Clarification on pricing escalators - Pricing escalators are annual increases of 3.5% for the term of the contract, with less than 1% of contracts currently including them [73][75] Question: New bookings in ShiftWizard - Out of 34 new customers, 22 were new to HealthStream, while 12 were transitioning from legacy applications [76][79]

What's Next for HealthStream? HealthStream (HSTM) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. It will be interesting to see how estimates ...

A charge associated with the customer bankruptcy referenced above negatively impacted operating income by $1.0 million, net income by $0.8 million, EPS by $0.02 (diluted), and adjusted EBITDA by $1.0 million in the second quarter of 2024. As previously disclosed, prior to the Company early adopting ASU 2021-08 effective January 1, 2022, following the completion of any acquisition by the Company, the Company was required to record the acquired deferred revenue at fair value as defined in GAAP, which typicall ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | | | registered | | --- | --- | --- | | Title of each class Common Stock (Par Value $0.00) | Trading Symbol(s) HSTM | Name of each exchange on which Nasdaq Global Select Market | Commission File No.: 000-27701 HealthStream, Inc. (Registrant's telephone number, including area code) (Exact name of registrant as specified in its ...

HealthStream, Inc. (NASDAQ:HSTM) Q1 2024 Earnings Conference Call April 23, 2024 9:00 AM ET Company Participants Mollie Condra - Vice President of Investor Relations and Communications Bobby Frist - Chief Executive Officer Scotty Roberts - Chief Financial Officer and Senior Vice President, Accounting and Finance Conference Call Participants Matt Hewitt - Craig-Hallum Jared Haase - William Blair and Company Richard Close - Canaccord Genuity Constantine Davides - Citizens JMP Vincent Colicchio - Barrington Re ...

HealthStream Announces First Quarter 2024 Results Page 1 April 22, 2024 Exhibit 99.1 Contact: Scott A. Roberts Chief Financial Officer (615) 301-3182 ir@healthstream.com Media: Mollie Condra, Ph.D. Vice President, Investor Relations & Communications (615) 301-3237 mollie.condra@healthstream.com HEALTHSTREAM ANNOUNCES FIRST QUARTER 2024 RESULTS NASHVILLE, Tenn. (April 22, 2024)— HealthStream, Inc. (the "Company") (Nasdaq: HSTM), a leading healthcare technology platform for workforce solutions, announced toda ...

NASHVILLE, Tenn.--(BUSINESS WIRE)--HealthStream, Inc. (the “Company”) (Nasdaq: HSTM), a leading healthcare technology platform for workforce solutions announced today that, as disclosed in the Company’s earnings release dated February 19, 2024, the Board of Directors has approved a 12 percent increase in the Company’s quarterly dividend to $0.028 per share, up from $0.025 per share—and declared a cash dividend for the first quarter of 2024 of $0.028 per share of the Company’s outstanding common stock. The f ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO (Registrant's telephone number, including area code) Securities Registered Pursuant To Section 12(b) Of The Act: | Title of each class | Trading Symbol(s ...

HealthStream, Inc. (NASDAQ:HSTM) Q4 2023 Earnings Conference Call February 20, 2024 9:00 AM ET Company Participants Mollie Condra - Vice President of Investor Relations and Communications Robert Frist - CEO and Chairman Scotty Roberts - CFO and Senior Vice President of Finance and Accounting Conference Call Participants Matt Hewitt - Craig-Hallum Jared Haase - William Blair Anna Kruszenski - Barclays Richard Close - Canaccord Genuity Constantine Davides - Citizens JMP Securities Vincent Colicchio - Barringt ...

NASHVILLE, Tenn.--(BUSINESS WIRE)--HealthStream, Inc. (the "Company") (Nasdaq: HSTM), a leading healthcare technology platform for workforce solutions, announced today results for the fourth quarter and full-year ended December 31, 2023. Fourth Quarter 2023 Revenues of $70.6 million, up 3% from $68.5 million in the fourth quarter of 2022 Operating income of $4.3 million, up 38% from $3.1 million in the fourth quarter of 2022 Net income of $4.6 million, up 87% from $2.5 million in the fourth quarter o ...