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Mar 31, 2020
Health Catalyst Q1 2020 Earnings Report
Reported financial results for the quarter ended March 31, 2020.
Key Takeaways
Health Catalyst reported strong first-quarter results, exceeding expectations for both total revenue and Adjusted EBITDA. The company's performance highlights the increasing need for healthcare organizations to invest in data and analytics, which is expected to drive long-term growth.
Total revenue increased by 28% year-over-year to $45.1 million.
Technology revenue grew by 23% year-over-year to $24.7 million.
Professional services revenue increased by 36% year-over-year to $20.4 million.
Adjusted EBITDA was $(5.97) million, outperforming the midpoint of guidance.
Health Catalyst
Health Catalyst
Health Catalyst Revenue by Segment
Revenue by Segment
Technology Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com Forward Guidance
For the second-quarter of 2020, Health Catalyst expects total revenue between $40.8 million and $43.8 million, and Adjusted EBITDA between $(7.8) million and $(5.8) million.
Positive Outlook
- Expects total revenue between $40.8 million and $43.8 million
- Expects Adjusted EBITDA between $(7.8) million and $(5.8) million
Revenue & Expenses
Visualization of income flow from segment revenue to net income