HealthStream (HSTM) Tops Q4 EPS by 5c; Revenues In-Line; Offers FY20 Revenue Outlook

HealthStream (NASDAQ: HSTM) reported Q4 EPS of $0.11, $0.05 better than the analyst estimate of $0.06. Revenue for the quarter came in at $62.7 million versus the consensus estimate of $62.55 million.

Fourth Quarter 2019

• Revenues of $62.7 million in the fourth quarter of 2019, up 5% from $59.8 million in the fourth quarter of 2018
• Operating income of $3.3 million in the fourth quarter of 2019, up 18% from $2.8 million in the fourth quarter of 2018
• Income from continuing operations of $3.6 million in the fourth quarter of 2019, up 21% from $2.9 million in the fourth quarter of 2018
• Earnings per share (EPS) from continuing operations of $0.11 per share (diluted) in the fourth quarter of 2019, compared to $0.09 per share (diluted) in the fourth quarter of 2018
• Adjusted EBITDA1 from continuing operations of $11.2 million in the fourth quarter of 2019, up 18% from $9.5 million in the fourth quarter of 2018
• Completed the acquisition of CredentialMyDoc on December 16, 2019 for $9.0 million

GUIDANCE:

HealthStream sees FY2020 revenue of $247.5-255.5 million, versus the consensus of $250.07 million.

“Our full-year 2019 results reflect an exciting year during which we made significant progress in expanding our ecosystem and marketplace, innovating for the future with new technologies, and launching new products for the healthcare industry,” said Robert A. Frist, Jr., Chief Executive Officer, HealthStream. “As we begin 2020, our operations are tightly focused as we work to improve gross margins to over 60 percent; continue introducing superior resuscitation solutions to the market—like our new VR-based team leader training; and further develop, enhance, and grow the number of hStream subscriptions beyond 3.15 million.”

For earnings history and earnings-related data on HealthStream (HSTM) click here.

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