Health Catalyst reported strong Q4 2019 results, exceeding the midpoint of its guidance. The company's team member engagement scores were in the 99th percentile, marking the highest achievement in the company's history.
Technology revenue was $22.58 million, a 20% year-over-year increase.
Professional services revenue was $20.92 million, a 21% year-over-year increase.
Total revenue was $43.50 million, a 21% year-over-year increase.
Adjusted EBITDA was $(6.49) million, a 31% year-over-year improvement.
For the first-quarter of 2020, Health Catalyst expects total revenue between $42.0 million and $45.0 million, and Adjusted EBITDA between $(8.5) million and $(6.5) million. For the full-year of 2020, the company expects total revenue between $185.0 million and $188.0 million, and Adjusted EBITDA between $(23.5) million and $(20.5) million.
Visualization of income flow from segment revenue to net income