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

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

HealthEquity Reports First Quarter Ended April 30, 2022 Financial Results

June 6, 2022 4:00 PM EDT

Highlights of the first quarter include:

Revenue of $205.7 million, an increase of 12% compared to $184.2 million in Q1 FY22.Net loss of $13.6 million, compared to $2.6 million in Q1 FY22, with non-GAAP net income of $22.7 million, a decrease of 27% compared to $31.0 million in Q1 FY22.Net loss per diluted share of $0.16, compared to $0.03 in Q1 FY22, with non-GAAP net income per diluted share of $0.27, compared to $0.38 in Q1 FY22.Adjusted EBITDA of $58.3 million, a decrease of 1% compared to $59.0 million in Q1 FY22.7.4 million HSAs, an increase of 26%... More