secwatch.observer — SEC 8-K summary
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Issuer:     Health Catalyst, Inc. (HCAT)
CIK:        0001636422
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001636422-23-000056
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Health Catalyst Q1 revenue up 8% to $73.9M, Adj. EBITDA $4.2M beats guidance; expands Allina Health pact
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- Total revenue $73.9M (+8% YoY); Technology revenue $47.2M (+12%), Professional services $26.7M (+3%).
- GAAP net loss $33.2M (widened 48% YoY); Adjusted EBITDA $4.2M (up 521%, above guidance midpoint).
- Expanded tech-enabled managed services partnership with Allina Health; recurring revenue now ~$11M/year.
- Adjusted Technology Gross Margin 70% (flat); Adjusted Professional Services Gross Margin fell to 20% from 29%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1636422/000163642223000056/0001636422-23-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1636422/000163642223000056/hcat-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001636422-23-000056

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