secwatch.observer — SEC 8-K summary
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Issuer:     HEALTHSTREAM INC (HSTM)
CIK:        0001095565
Form:       8-K
Filed at:   2023-04-24T23:59:59+00:00
Accession:  0001437749-23-010925
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1095565/000143774923010925/0001437749-23-010925-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1095565/000143774923010925/hstm20230206_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-010925

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer