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Sep 30, 2020
HealthStream Q3 2020 Earnings Report
Reported a decrease in revenue and operating income compared to the same quarter last year.
Key Takeaways
HealthStream reported a decrease in revenue and operating income for the third quarter of 2020. Revenues decreased by 3% to $60.9 million, and operating income decreased by 16% to $3.1 million. The company acquired ShiftWizard in October 2020 to add a new enterprise solution to the Company’s workforce offerings supporting healthcare professionals and their management in effective staff scheduling.
Revenues decreased by 3% to $60.9 million compared to Q3 2019.
Operating income decreased by 16% to $3.1 million compared to Q3 2019.
Income from continuing operations decreased by 24% to $2.6 million compared to Q3 2019.
Adjusted EBITDA from continuing operations decreased by 3% to $11.1 million compared to Q3 2019.
Forward Guidance
Due to the unpredictable and evolving environment related to the COVID-19 pandemic, the Company is not providing 2020 guidance in this earnings release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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