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Streamline Health(STRM) - 2021 Q3 - Earnings Call Transcript
2021-12-09 16:13
Company Participants Jacob Goldberger - Director of Investor Relations Tee Green - President & Chief Executive Officer Randy Salisbury - Chief Sales & Marketing Officer Tom Gibson - Chief Financial Officer Conference Call Participants Matt Hewitt - Craig-Hallum Capital Group Brooks O'Neil - Lake Street Capital Markets Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are designed to help you navigate the audio sh ...
Streamline Health(STRM) - 2021 Q3 - Earnings Call Presentation
2021-12-09 15:15
EEEOOOAA eValuator™ Inpatien shboar Final act Accuracy Workflow Service Provider -12/31/18 国 | Your Service Provider our Client ::::::: Streamline $ 370,982 . Health® ������ ■ ■ ● ● ● ● ● ● ● ● ● ● ● ● . . . ■ ■ ■ ■ ■ ■ Third Quarter 2021 Earnings Presentation Apr > ■■●●●●●●●●●■■ Nasdaq: STRM EHEAAAA ......... ........ HEECOOAAA Disclosure Statement SAFE HARBOR STATEMENT: FORWARD-LOOKING DISCLOSURE This presentation contains "forward-looking statements" within the meaning of the U.S. Private Securities Liti ...
Streamline Health(STRM) - 2022 Q2 - Quarterly Report
2021-09-13 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2021 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: 000-28132 STREAMLINE HEALTH SOLUTIONS, INC. (Exact name of registrant as specified in its charter) (State or oth ...
Streamline Health(STRM) - 2021 Q2 - Earnings Call Transcript
2021-09-09 18:19
Financial Data and Key Metrics Changes - Total revenue for Q2 2021 was $2.9 million, consistent with Q2 2020, while SaaS revenue grew by 59% year-over-year [10][22] - Recurring revenue accounted for 84% of total revenue in Q2 2021, up from 71% in Q2 2020 [10] - Adjusted EBITDA for Q2 2021 was a loss of $800,000, compared to a loss of $400,000 in Q2 2020 [10][25] - Cash on hand as of July 31, 2021, was $15.8 million, with no bank debt [10][26] Business Line Data and Key Metrics Changes - SaaS revenue increased by $0.5 million, approximately 59% compared to the same quarter a year ago [22] - Avelead's SaaS ARR run rate was $5.7 million as of June 30, 2021, with total revenue for the trailing 12 months at $10.2 million [12] Market Data and Key Metrics Changes - The company experienced decision-making delays in healthcare providers due to the Delta variant, impacting elective procedures and revenue generation [19][40] - The sales pipeline for eValuator contracts remains strong, with approximately $1.5 million in contracts sold in Q2 2021 [19] Company Strategy and Development Direction - The acquisition of Avelead is seen as a major milestone, expected to nearly double consolidated revenue and enhance the product portfolio [12][28] - The company aims to achieve a gross margin of 80% for SaaS revenue by fiscal 2023 [26][27] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about growth despite the challenges posed by the pandemic, focusing on technologies that improve financial performance for healthcare providers [28][29] - The company is confident in its ability to generate cash flow by Q2 or Q3 2022 following the acquisition of Avelead [27] Other Important Information - The company has made significant strides in cleaning up its capital structure, including eliminating preferred stock and raising $16 million in March 2021 [11] - The leadership team is focused on expanding sales and marketing efforts, with new hires to support growth initiatives [20][21] Q&A Session Summary Question: Feedback from Avelead customers and cross-selling opportunities - Management confirmed positive feedback from Avelead customers and identified opportunities for cross-selling between eValuator and Avelead solutions [33][34] Question: Potential to add eValuator to Cerner distribution agreement - Management expressed interest in introducing eValuator to Cerner teams at the appropriate time, highlighting the complementary nature of their solutions [36] Question: Triggers for customers to finalize contracts - Management noted that the backlog in legal departments and the urgency of revenue loss are key factors that will drive contract signings [38][41] Question: Avelead's market position before acquisition - Avelead was exploring growth opportunities and had engaged in discussions with Streamline prior to the acquisition [44][46]
Streamline Health(STRM) - 2021 Q2 - Earnings Call Presentation
2021-09-09 15:09
eValuator Mnpatien. shboar Fina /12/21/18 日 Your Secritics Privider 1,855,250 $ 1,484,268 Accuracy Workflow $ 370,982 Streamline Health® Second Quarter 2021 Earnings Presentation Nasdaq: STRM Cur Disclosure Statement SAFE HARBOR STATEMENT: FORWARD-LOOKING DISCLOSURE This presentation contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, based on current management expectations. Because forward-looking statements relate to the future, they are ...
Streamline Health(STRM) - 2021 Q1 - Earnings Call Presentation
2021-06-09 19:15
Financial Performance - SaaS revenue grew by 32% from $0.9 million in 1Q20 to $1.2 million in 1Q21[6] - The company had $16.7 million in cash and cash equivalents as of April 30, 2021[6] - Net income improved significantly from a loss of $2.1 million to a profit of $3.7 million[9] - Operating expenses decreased from $5.4 million to $4.4 million[9] - Total new bookings during 1Q21 were $2.6 million[6] Balance Sheet - Cash and cash equivalents increased from $2.4 million to $16.7 million between January 31, 2021 and April 30, 2021[11] - Total current assets increased from $7.3 million to $21.6 million between January 31, 2021 and April 30, 2021[11] Sales and Future Outlook - The company aims to maintain a $2-$3 million quarterly bookings goal[8] - The company is focused on persistent, sequential revenue growth[13] - The company anticipates cash from operations breakeven during 2Q or 3Q 2022[13]
Streamline Health(STRM) - 2021 Q1 - Earnings Call Transcript
2021-06-09 18:24
Streamline Health Solutions, Inc. (NASDAQ:STRM) Q1 2021 Earnings Conference Call June 9, 2021 9:00 AM ET Company Participants Jacob Goldberger - IR Tee Green - President & CEO Tom Gibson - CFO Randy Salisbury - Chief Sales & Marketing Officer Conference Call Participants Matt Hewitt - Craig-Hallum Operator Hello, and welcome to the Streamline Health Solutions First Quarter 2021 Earnings Conference Call and Webcast. [Operator Instructions] As a reminder, this conference is being recorded. It's now my pleasur ...
Streamline Health(STRM) - 2022 Q1 - Quarterly Report
2021-06-08 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2021 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: 000-28132 STREAMLINE HEALTH SOLUTIONS, INC. (Exact name of registrant as specified in its charter) Delaware ...
Streamline Health(STRM) - 2020 Q4 - Earnings Call Transcript
2021-04-22 16:09
Streamline Health Solutions, Inc. (NASDAQ:STRM) Q4 2020 Earnings Conference Call April 22, 2021 9:00 AM ET Company Representatives Tee Green - President, Chief Executive Officer, Chairman Tom Gibson - Chief Financial Officer Randy Salisbury - Senior Vice President, Chief Sales and Marketing Officer Conference Call Participants Matt Hewitt - Craig-Hallum Operator Hello! And welcome to the Streamline Health Solutions, Fourth Quarter and Fiscal Year 2020 Earnings Conference Call and Webcast. At this time all p ...
Streamline Health(STRM) - 2020 Q4 - Earnings Call Presentation
2021-04-22 15:53
eValuator™ Inpatien shboar Final act Accuracy Workflow Service Provider -12/31/18 回 | Your Service Provider Your Client Underpayment . Overpayment :::::::::::::::::: Streamline ,855,250 $ 1,484,268 $ 370,982 "":"","":"" Health® . B B B B B B B B B B ■ ■ ■ ■ ■ ■ Fourth Quarter 2020 Earnings Presentation Apr > ■ ■ ● ● ● ● ● ● ● ● ● ■ ■■■●●▲▲●▲▲●●■■■ ■ ■ ● ● ● ● ● ● ● ● ● ● Nasdaq: STRM Disclosure Statement SAFE HARBOR STATEMENT: FORWARD-LOOKING DISCLOSURE This presentation contains "forward-looking statements ...