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HealthStream(HSTM) - 2019 Q2 - Quarterly Report
2019-07-26 20:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2019 Commission File No.: 000-27701 HealthStream, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 500 11th Avenue North , Suite 1000, Nashville, Tennessee 37203 (Address of principal executive offices) (Zip Code) Tennessee 62‑1 ...
HealthStream(HSTM) - 2019 Q2 - Earnings Call Transcript
2019-07-23 17:16
Financial Data and Key Metrics Changes - Revenues increased by 12% to $63.8 million compared to the same quarter last year [9][31] - Adjusted EBITDA rose by 10% to $11.8 million [9][32] - Operating income decreased by 47% to $2.3 million [31] - Income from continuing operations fell by 34% to $2.4 million [32] - EPS from continuing operations was $0.07 per diluted share, down from $0.11 [32] - Cash balance at the end of the quarter was approximately $162 million [9][42] Business Line Data and Key Metrics Changes - Workforce Solutions segment revenues were $52.4 million, up 12% [33] - Legacy resuscitation product revenues increased by 17% to $15.5 million [34] - Provider Solutions segment revenues grew by 13% to $11.4 million, driven by new sales of the Verity platform [37] Market Data and Key Metrics Changes - Approximately 100 customers contracted for the new Verity platform, with several fully implemented [21] - 2.34 million subscriptions upgraded to the hStream platform, up from 1.84 million [24] Company Strategy and Development Direction - The company is transitioning from legacy resuscitation products to the new American Red Cross Resuscitation Suite, expecting a decline in legacy product revenues [13][14] - Migration to the new SaaS-based Verity platform is ongoing, with expectations for continued progress [20][22] - The hStream platform is being integrated into new contracts, enhancing functionality and user experience [25][27] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term growth and profitability resulting from the ongoing transitions [12][29] - They acknowledged the challenges posed by declining revenues from legacy products but highlighted the potential for improved margins from new offerings [124] Other Important Information - A $2.2 million charge for stock-based compensation was recorded due to stock grants to employees [30] - The company is investing in staffing and technology, with a 14% increase in staffing levels over the past year [40] Q&A Session Summary Question: Discussion on adaptive learning technology in new American Red Cross solutions - Management explained that the adaptive learning technology personalizes the curriculum for individual users, resulting in time savings and improved learning outcomes [54][56] Question: Clarification on the $16.5 million in contract value for the new product - This figure represents total contract order value for multi-year agreements, with revenue recognition expected to begin after 18-24 months [65][70] Question: Inquiry about hStream progress and subscriber metrics - Management confirmed that the increase in hStream subscriptions includes both upgrades from legacy customers and new business [77][80] Question: Expectations for gross margin in the second half of the year - Management anticipates slight improvement in gross margins as lower-margin legacy products decline, despite some offsetting operating expenses [84][85] Question: Long-term growth outlook for the Provider Solutions segment - Management remains optimistic about continued growth and margin enhancement in this segment, despite current operational challenges [103][105] Question: Reasons for legacy clients switching to the new Red Cross product - The new product's flexibility, engaging content, and adaptive features are key drivers for early adopters [108][110]
HealthStream(HSTM) - 2019 Q1 - Quarterly Report
2019-04-29 20:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10‑Q Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2019 Commission File No.: 000‑27701 HealthStream, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 500 11th Avenue North, Suite 1000, Nashville, Tennessee 37203 (Address of principal executive offices) (Zip Code) Tennessee 62‑1 ...
HealthStream(HSTM) - 2019 Q1 - Earnings Call Transcript
2019-04-23 19:07
HealthStream, Inc. (NASDAQ:HSTM) Q1 2019 Earnings Conference Call April 23, 2019 9:00 AM ET Company Participants Mollie Condra - VP, IR & Communications Robert Frist - Chairman, Co-Founder and Chief Executive Officer Scott Roberts - Interim Chief Financial Officer & Vice President, Accounting and Finance Conference Call Participants Ryan Daniels - William Blair & Company Matt Hewitt - Craig-Hallum Capital Group Richard Close - Canaccord Genuity Frank Sparacino - First Analysis Vincent Colicchio - Barringto ...
HealthStream(HSTM) - 2018 Q4 - Annual Report
2019-02-25 21:31
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2018 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 000-27701 HEALTHSTREAM, INC. (Exact name of registrant as specified in its charter) Tennessee 62-1443555 (State or other jurisdict ...
HealthStream(HSTM) - 2018 Q4 - Earnings Call Transcript
2019-02-20 20:23
HealthStream, Inc. (NASDAQ:HSTM) Q4 2018 Earnings Conference Call February 20, 2019 9:00 AM ET Company Participants Mollie Condra - VP, IR & Communications Robert Frist - Chairman & CEO Gerard Hayden - SVP, CFO & Principal Accounting Officer Scott Roberts - VP, Accounting and Finance Conference Call Participants Ryan Daniels - William Blair & Company Matthew Hewitt - Craig-Hallum Capital Group Richard Close - Canaccord Genuity Limited Frank Sparacino - First Analysis Vincent Colicchio - Barrington Research ...