Loading...
•
Mar 31, 2023
HealthStream Q1 2023 Earnings Report
HealthStream's first quarter results were announced, demonstrating revenue growth and strategic restructuring.
Key Takeaways
HealthStream reported a 5% increase in revenue to $68.9 million for Q1 2023, driven by subscription revenue growth. Operating income decreased by 28% to $2.9 million due to restructuring and severance charges. The company reaffirmed its 2023 financial guidance.
Revenues reached $68.9 million, a 5% increase compared to Q1 2022.
Operating income was $2.9 million, a 28% decrease from Q1 2022, impacted by severance charges.
Net income totaled $2.6 million, a 9% decrease from Q1 2022, also affected by severance costs.
The Board of Directors declared a first quarterly cash dividend of $0.025 per share.
Forward Guidance
HealthStream reaffirmed its financial guidance for 2023, assuming no deterioration in public health and economic conditions.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...