HealthStream Q1 revenue up 5% to $68.9M; EPS $0.09; reaffirms FY23 guidance

HEALTHSTREAM INC

2023-Q1 EPS reported $0.09 revenue$68,946,000

Revenue $68.9M (+5% YoY); subscription revenue up 6% to partially offset professional services decline.
Operating income $2.9M (-28% YoY) hurt by $1.0M severance from restructuring and consolidation of 33 roles.
Net income $2.6M (-9% YoY); diluted EPS $0.09, same as prior year, with $0.03 EPS impact from severance.
Adjusted EBITDA $13.7M (-2% YoY); FY23 guidance: revenue $277.5-$283M, adj. EBITDA $57.5-$60.5M.
Board declares $0.025/share quarterly dividend payable June 23 to holders of record June 12.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HEALTHSTREAM INC reported the first quarter ended March 31, 2023 results: revenue $68.9 million, net income $2.6 million, EPS $0.09 per share (diluted). Guidance reaffirmed.

Period: the first quarter ended March 31, 2023
Revenue: $68.9 million
Net income: $2.6 million
EPS: $0.09 per share (diluted)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

NASHVILLE, Tenn. (April 24, 2023) —HealthStream, Inc. (the "Company") (Nasdaq: HSTM), a leading healthcare technology platform for workforce solutions, announced today results for the first quarter ended March 31, 2023 . First Quarter 2023 • Revenues of $68.9 million in the first quarter of 2023 , up 5% from $65.4 million in the first quarter of 2022 • Operating income of $2.9 million in the first quarter of 2023 , down 28% from $4.0 million in the first quarter of 2022 , which comparison was negatively impacted by a $1.0 million severance charge in the first quarter of 2023 associated with the restructuring of HealthStream's business under a single platform strategy, as further discussed below • Net income of $2.6 million in the first quarter of 2023 , down 9% from $2.9 million in the first quarter of 2022 , which comparison was negatively impacted in the amount of $0.8 million by the severance charge in the first quarter of 2023 associated with HealthStream's restructuring referenced

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Source: SEC EDGAR

accession 0001437749-23-010925

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