Health Catalyst Q1 revenue $68.1M (+22% YoY), positive Adjusted EBITDA $671K

Health Catalyst, Inc.

2022-Q1 EPS reported -$0.54 revenue$68,087,000

Total revenue $68.1M, +22% YoY; technology revenue $42.2M (+25%), professional services $25.9M (+17%).
Adjusted EBITDA turned positive to $0.7M from -$0.8M in Q1 2021; net loss narrowed 21% to $22.5M.
Adjusted Technology Gross Margin improved to 70% (from 69%); Professional Services margin slipped to 29% (from 31%).
CEO says Q1 exceeded midpoint of guidance for both revenue and Adjusted EBITDA; achieved Adjusted EBITDA breakeven milestone.

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