|Over a month ago|
HealthStream withdraws FY20 guidance due to COVID-19 uncertainty » 16:3404/2704/27/20
CEO Robert Frist said,…
CEO Robert Frist said, "In the meantime, our entire workforce has been working from home for over a month now, and our customers are experiencing a range of conditions, including being subject to excessive demand to address the needs of COVID-19 patients to being closed due to a discontinuance of or a substantial reduction in elective procedures. While the pandemic did not have a significant impact on our first quarter results and we continue to see strong utilization of our platform-particularly around the free bundle of COVID-19 courses, we are seeing and expect to continue to see a negative impact on our financial results beginning in the second quarter. We are not reasonably able to quantify the anticipated impact on our results in 2020 at this time, which is why we are withdrawing our previously issued 2020 guidance until further notice. As we enter into the uncharted territory of the COVID-19 landscape, we are fortunate to do so with a solid balance sheet and strong resolve to help our customers improve the quality of healthcare."
HealthStream reports Q1 cont ops EPS 22c, consensus 14c » 16:3304/2704/27/20
Reports Q1 revenue…
Reports Q1 revenue $61.57M, consensus $63.09M. "During this time of great uncertainty and rapidly changing conditions, our mission to support healthcare providers remains resolute," said Robert Frist, CEO, HealthStream. "To better prepare caregivers to combat the pandemic, we continue to make available a now widely utilized bundle of COVID-19 courses, free of charge. Also free of charge, we are providing the State of Tennessee with the platform to rapidly onboard and train the volunteer workforce staffing alternate care sites."
|Over a quarter ago|
HealthStream announces $30M share repurchase program » 09:2903/1303/13/20
HealthStream announced that its board has approved a new share repurchase program for the company's common stock, under which the company may repurchase up to $30M of outstanding shares of common stock.
HealthStream acquires NurseGrid » 19:2003/0903/09/20
HealthStream announced that it has acquired NurseGrid, a Portland, Oregon-based healthcare technology company. Through this acquisition, the Company gains NurseGrid Mobile, the #1 rated and top downloaded app for nurses, and its corollary application for nurse managers, NurseGrid Enterprise. The purchase price paid for the entirety of the outstanding equity of HcT2 Co., a Delaware corporation, including the approximately 10% of equity interest in NurseGrid that HealthStream has held since January 31, 2019, was approximately $25 million in cash, subject to post-closing working capital adjustment. The Company is updating its guidance for the full-year 2020 to reflect the projected financial impact from the acquisition of NurseGrid in light of the anticipated impact of this acquisition on our 2020 operating income. "NurseGrid is an early stage company and has spent the last several years, and approximately $12.5 million of capital, developing its applications and growing its community of over 260,000 monthly active users, and has not yet achieved profitability," the company said. "As we begin to ramp our sales teams to support the recently launched NurseGrid Enterprise, a SaaS-based solution, we expect revenue contributions of less than $0.5 million in 2020. We are revising our consolidated operating income guidance to reflect the impact from the acquisition and now expect operating income to range between $8.5 million and $11.0 million. This guidance range includes approximately $1.0 to $1.5 million of intangible amortization expense associated with the acquisition as well as anticipated operating loss in 2020 associated with the operations of this business following the closing. NurseGrid's operating results will be included in our Workforce Solutions business segment."
Fly Intel: After Hours Movers » 19:0502/1802/18/20
QUAD, SSTI, ENPH, HLF, SCPL, LZB, RPAI, XPER, FANG, DVN, TPH, TIVO, BBBY, GRPN, KNL, SGMS, APRN, AMED, BKD, TXG, LC, PLMR, BLUE, HSTM, KAR
UP AFTER EARNINGS:…
UP AFTER EARNINGS: Quad/Graphics (QUAD) up 25.0%... ShotSpotter (SSTI) up 20.1%... Enphase Energy (ENPH) up 11.8%... Herbalife (HLF) up 5.8%... SciPlay (SCPL) up 4.7%... La-Z-Boy (LZB) up 4.6%... Retail Properties of America (RPAI) up 3.0%... Xperi (XPER) up 2.5%... Diamondback Energy (FANG) up 1.9%... Devon Energy (DVN) up 1.9%... TriPointe Group (TPH) up 1.9%... TiVo (TIVO) up 1.5%. ALSO HIGHER: Bed Bath Beyond (BBBY) up 4.0% after guiding FY20 capital allocation. DOWN AFTER EARNINGS: Groupon (GRPN) down 24.9%... Knoll (KNL) down 13.6%... Scientific Games (SGMS) down 10.5%... Blue Apron (APRN) down 9.8%... Amedisys (AMED) down 9.0%... Brookdale Senior Living (BKD) down 6.4%... 10X Genomics (TXG) down 5.1%... LendingClub (LC) down 2.8%... Palomar (PLMR) down 2.8%... bluebird bio (BLUE) down 2.0%... HealthStream (HSTM) down 1.4%... KAR Auction Services (KAR) down 1.4%. Movers as of 18:30ET.
HealthStream sees FY20 revenue $247.5M-$255.5M, consensus $250.07M » 16:3302/1802/18/20
Sees FY20 CapEx…
Sees FY20 CapEx $24M-$26MM. "Our full-year 2019 results reflect an exciting year during which we made significant progress in expanding our ecosystem and marketplace, innovating for the future with new technologies, and launching new products for the healthcare industry," said Robert A. Frist, Jr., Chief Executive Officer, HealthStream. "As we begin 2020, our operations are tightly focused as we work to improve gross margins to over 60 percent; continue introducing superior resuscitation solutions to the market-like our new VR-based team leader training; and further develop, enhance, and grow the number of hStream subscriptions beyond 3.15 million."
HealthStream reports Q4 cont ops EPS 11c, consensus 6c » 16:3202/1802/18/20
Reports Q4 revenue…
Reports Q4 revenue $62.7M, consensus $62.55M.
IMAC appoints Gerard Hayden to board of directors » 08:1702/1202/12/20
IMAC Holdings (IMAC)…
IMAC Holdings (IMAC) announced the appointment of Gerard Hayden, Jr. to its Board of Directors. Hayden replaces outgoing board member, Dean Weiland. Most recently he served as SVP, CFO of HealthStream, Inc. (HSTM).
HealthStream initiated with a Market Perform at Raymond James » 18:2612/1912/19/19
Raymond James analyst…
Raymond James analyst John Ransom initiated coverage of HealthStream with a Market Perform rating. The analyst is positive on the company's opportunity for volume growth and cross-selling penetration to existing customer base with about half of the 10.5M providers leveraging one of its solutions, but he is concerned with its impending roll-off of revenue from legacy resuscitation solutions that creates a material near-term overhang.
HealthStream company VerityStream acquires CredentialMyDoc for $9M in cash » 09:3212/1612/16/19
VerityStream, f/k/a Verity, a wholly owned subsidiary of HealthStream, announced the acquisition of CredentialMyDoc, for approximately $9M in cash. VerityStream adds more than 300 clients through the transaction, boosting its client base of multi-specialty medical groups, ambulatory surgery centers, clinics, and federally qualified health centers, among others.