--- schema_version: "secwatch.filing_event.v1" accession: "0001437749-23-020543" form_type: "8-K" ticker: "HSTM" cik: "0001095565" company_name: "HEALTHSTREAM INC" filed_at: "2023-07-24T23:59:59+00:00" generated_at: "2026-06-13T04:00:17.254997+00:00" event_type: "earnings" sentiment: "positive" materiality_score: 0.6 calibrated_materiality_score: 0.6 confidence: "high" source: SEC EDGAR --- # HealthStream Q2 revenue up 5% to $69.2M, EPS $0.13; reaffirms 2023 guidance ## Summary - Revenue $69.2M (+5% YoY); operating income $4.0M (+36%); net income $4.1M (+34%). - Diluted EPS $0.13, up from $0.10 in Q2 2022; adjusted EBITDA $15.3M (+17%). - Board declared $0.025/share quarterly dividend, payable Sept 29 to holders of record Sept 18. - Full-year 2023 guidance reaffirmed: revenue $277.5-$283M, adjusted EBITDA $57.5-$60.5M. - Appointed Dr. Alex Jahangir to Board of Directors, effective May 30, 2023. ## SEC filing metadata - accession: 0001437749-23-020543 - form_type: 8-K - ticker: HSTM - cik: 0001095565 - company_name: HEALTHSTREAM INC - filed_at: 2023-07-24T23:59:59+00:00 - event_type: earnings - sentiment: positive - materiality_score: 0.6 - calibrated_materiality_score: 0.6 - confidence: high - sec_items: 2.02, 7.01, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1095565/000143774923020543/0001437749-23-020543-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1095565/000143774923020543/hstm20230512_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001437749-23-020543 - JSON: https://secwatch.observer/filing/0001437749-23-020543.json - Plain text: https://secwatch.observer/filing/0001437749-23-020543.txt ## Key facts - Earnings Releases HEALTHSTREAM INC reported Full Year 2023 results: revenue $277.5 - $283.0 million. Guidance reaffirmed. - Period: Full Year 2023 - Revenue: $277.5 - $283.0 million - Guidance: reaffirmed - Result: guidance update source text: The Company reaffirms its guidance for 2023 for the measures set forth below as previously announced on February 20, 2023. For a reconciliation of projected adjusted EBITDA, a non-GAAP financial measure defined later in this release, to projected net income (the most comparable GAAP measure) for 2023, see the table included on page nine of this release. Full Year 2023 Guidance Low High Revenue $ 277.5 - $ 283.0 million Adjusted EBITDA 1 $ 57.5 - $ 60.5 million Capital Expenditures $ 27.0 - $ 29.0 million evidence_url: https://www.sec.gov/Archives/edgar/data/1095565/000143774923020543/0001437749-23-020543-index.htm - Earnings Releases HEALTHSTREAM INC reported the second quarter ended June 30, 2023 results: revenue $69.2 million, net income $4.1 million, EPS $0.13 per share (diluted). - Period: the second quarter ended June 30, 2023 - Revenue: $69.2 million - Net income: $4.1 million - EPS: $0.13 per share (diluted) - Result: reported results source text: • Revenues of $69.2 million in the second quarter of 2023 , up 5% from $65.6 million in the second quarter of 2022 • Operating income of $4.0 million in the second quarter of 2023 , up 36% from $3.0 million in the second quarter of 2022 • Net income of $4.1 million in the second quarter of 2023 , up 34% from $3.1 million in the second quarter of 2022 • Earnings per share (EPS) of $0.13 per share (diluted) in the second quarter of 2023 , up from $0.10 per share (diluted) in the second quarter of 2022 evidence_url: https://www.sec.gov/Archives/edgar/data/1095565/000143774923020543/0001437749-23-020543-index.htm - Earnings Releases HEALTHSTREAM INC reported the six months ended June 30, 2023 results: revenue $138.1 million, net income $6.8 million, EPS $0.22 per share (diluted). - Period: the six months ended June 30, 2023 - Revenue: $138.1 million - Net income: $6.8 million - EPS: $0.22 per share (diluted) - Result: reported results source text: For the six months ended June 30, 2023, revenues were $138.1 million, an increase of five percent over revenues of $131.0 million for the first six months of 2022. Operating income for the first six months of 2023 decreased by one percent to $6.9 million, compared to $7.0 million for the first six months of 2022. The decrease in operating income was primarily attributable to higher personnel costs, including severance charges incurred during the six months ended June 30, 2023 due to the previously announced elimination of 33 job roles as a result of several areas of consolidation in connection with restructuring HealthStream’s business under a single platform strategy. Operating income was also impacted by higher expenses, including amortization, software, hosting, contract labor, and travel, which were mostly offset by higher revenues and an increase in capitalized labor associated with software development activities. Net income for the first six months of 2023 increased to $6.8 mill evidence_url: https://www.sec.gov/Archives/edgar/data/1095565/000143774923020543/0001437749-23-020543-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.