HealthEquity (HQY) Misses Q1 EPS by 1c, Offers Q2 Guidance

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Go back to HealthEquity (HQY) Misses Q1 EPS by 1c, Offers Q2 Guidance

HealthEquity Reports First Quarter Ended April 30, 2020 Financial Results

June 2, 2020 4:02 PM EDT

Highlights of the first quarter include:

Revenue of $190.0 million, an increase of 118% compared to $87.1 million in Q1 FY20.Net income of $1.8 million, with non-GAAP net income of $30.8 million, an increase of 12% compared to non-GAAP net income of $27.4 million in Q1 FY20.Net income per diluted share of $0.03, with non-GAAP net income per diluted share of $0.43 in both Q1 FY21 and Q1 FY20.Adjusted EBITDA of $63.0 million, an increase of 62% compared to $38.9 million in Q1 FY20.5.4 million HSAs, an increase of 33% compared to Q1 FY20.$11.5 billion Total... More