Lake Street Downgrades Streamline Health Solutions (STRM) to Hold

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Streamline Health® Reports First Quarter 2015 Revenues Of $6.2 Million; Recurring Revenues Of 93%

June 9, 2015 4:24 PM EDT

ATLANTA, June 9, 2015 /PRNewswire/ -- Streamline Health Solutions, Inc. (NASDAQ: STRM), a leading provider of transformational data-driven solutions to help healthcare providers reduce exposure to risk, enhance clinical, financial, and operational performance, and improve patient care, today announced financial results for the first quarter of 2015, which ended April 30, 2015.

Revenues for the three-month period ended April 30, 2015 decreased approximately 11% to $6.2 million versus $7.0 million in the comparable period of fiscal 2014. Adjusted EBITDA for the first quarter was... More