HealthEquity (HQY) Tops Q2 EPS by 3c

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Go back to HealthEquity (HQY) Tops Q2 EPS by 3c

HealthEquity Reports Second Quarter Ended July 31, 2016 Financial Results

September 6, 2016 4:10 PM EDT

Highlights of the second quarter include:

Revenue of $44.2 million, an increase of 45% compared to Q2 FY16.Net income of $8.2 million, an increase of 86% compared to Q2 FY16.Net income per diluted share of $0.14 compared to $0.08 in Q2 FY16.Adjusted EBITDA of $18.4 million, an increase of 66% compared to Q2 FY16.Non-GAAP earnings per diluted share of $0.16, compared to $0.09 in Q2 FY16.HSA Members grew to 2.3 million, an increase of 50% compared to Q2 FY16.Total AUM grew to $4.2 billion, an increase of 60% compared to Q2 FY16.Increased FY17 outlook.                                    

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