HealthStream Q2 Profit Decreases; Revenues Up 23% - Quick Facts

(RTTNews) - HealthStream, Inc. (HSTM), a leading provider of workforce, patient experience, and provider solutions for the healthcare industry, reported second quarter net income of $1.5 million down 38% from $2.4 million in the second quarter of 2014, and earnings per share of $0.05 compared to $0.08. HealthStream noted that its CEO contributed $1.65 million of his personally held HealthStream stock to the company in order to facilitate stock grants to over 600 employees, which resulted in a charge of $1.65 million for compensation and related expense in the second quarter.

Adjusted EBITDA increased by 21 percent to $8.8 million for the second quarter of 2015.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.07 for the quarter. Analysts' estimates typically exclude special items.

Revenues increased by 23 percent to $52.1 million, compared to $42.5 million for the second quarter of 2014. Non-GAAP revenues were $54.8 million compared to $43.2 million, prior year. Analysts expected revenue of $51.21 million for the quarter.

For 2015, HealthStream anticipates that consolidated revenues will grow 18 to 21 percent as compared to 2014.

Robert Frist, Jr., CEO of HealthStream, said, "Our second quarter 2015 results showed a growth in revenues of 23 percent over the same period last year, while we continue to execute on our plans to further invest in innovative solutions for healthcare providers. Having just held our customer Summit in the second quarter where we hosted approximately 700 customers and partners, we are enthused by the impact our solutions are having to support the healthcare workforce and improve the quality of care."