HealthEquity (HQY) Tops Q3 EPS by 1c, Updates Guidance

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HealthEquity Reports Third Quarter Ended October 31, 2015 Financial Results

December 7, 2015 4:15 PM EST

Highlights of the third quarter include:

Revenue of $30.6 million, an increase of 40% compared to Q3 FY15. Net income of $4.1 million, an increase of 34% compared to Q3 FY15. Net income per diluted share of $.07 compared to $.05 in Q3 FY15. Adjusted EBITDA of $9.9 million, an increase of 62% compared to Q3 FY15. Pro forma non-GAAP EPS of $.08 per share compared to $.06 in Q3 FY15. HSA Members grew to 1.6 million, an increase of 45% compared to Q3 FY15. Total AUM grew to $2.7 billion, a 47% increase compared to Q3 FY15. Increase in FY16... More