HealthEquity (HQY) Tops Q2 EPS by 15c, Offers FY Guidance

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HealthEquity Reports Second Quarter Results, Raises WageWorks Synergy Target

September 8, 2020 4:02 PM EDT

Highlights of the second quarter include:

Revenue of $176.0 million, an increase of 103% compared to $86.6 million in Q2 FY20.Net loss of $0.1 million, with non-GAAP net income of $30.1 million, compared to net income of $19.4 million and non-GAAP net income of $28.8 million in Q2 FY20.Net loss per diluted share of less than one half of one cent, with non-GAAP net income per diluted share of $0.42, compared to net income per diluted share of $0.30 and non-GAAP net income per diluted share of $0.44 in Q2 FY20.Adjusted EBITDA of $60.0 million, an... More