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Mar 31, 2024
Health Catalyst Q1 2024 Earnings Report
Health Catalyst's first quarter results for 2024 were reported, demonstrating strong financial performance with revenue of $74.7 million and Adjusted EBITDA of $3.4 million, exceeding the midpoint of quarterly guidance.
Key Takeaways
Health Catalyst reported a 1% increase in total revenue, reaching $74.7 million for the first quarter of 2024. The company's Adjusted EBITDA was $3.4 million. They are reiterating the full year 2024 total revenue and Adjusted EBITDA guidance ranges and also reiterating both of their bookings metrics, inclusive of dollar-based retention rate and net new DOS Subscription client additions.
Total revenue for Q1 2024 was $74.7 million, a 1% increase year-over-year.
Adjusted EBITDA for Q1 2024 was $3.4 million.
The company is reiterating its full-year 2024 revenue guidance of $304.0 million to $312.0 million.
The company is reiterating its full-year 2024 Adjusted EBITDA guidance of $24.0 million to $26.0 million.
Health Catalyst
Health Catalyst
Health Catalyst Revenue by Segment
Revenue by Segment
Technology Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com Forward Guidance
Health Catalyst provides forward-looking guidance on total revenue and Adjusted EBITDA. For the second quarter of 2024, the company expects total revenue between $73.5 million and $76.5 million, and Adjusted EBITDA between $5.0 million and $7.0 million. For the full year 2024, the company expects total revenue between $304.0 million and $312.0 million, and Adjusted EBITDA between $24.0 million and $26.0 million.
Positive Outlook
- Total revenue guidance for Q2 2024 is between $73.5 million and $76.5 million.
- Adjusted EBITDA guidance for Q2 2024 is between $5.0 million and $7.0 million.
- Total revenue guidance for the full year 2024 is between $304.0 million and $312.0 million.
- Adjusted EBITDA guidance for the full year 2024 is between $24.0 million and $26.0 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income