HealthStream(HSTM) - 2024 Q2 - Quarterly Results

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 ...