HSTM - HealthStream sinks to a 52-week low after Q4 earnings

HealthStream (HSTM -13.5%), a Tennessee-based provider of workforce and provider solutions for healthcare entities in the U.S., has reached a 52-week low after the company reported worse than expected earnings for Q4 2021. While quarterly revenue rose ~4% YoY to $64.3M in line with the consensus estimates, non-GAAP loss per share at $0.01 fell short of expectations. The Workforce Solutions segment grew ~2% YoY to generate $50.9M in revenue, while the Provider Solutions segment yielded $13.4M revenue, indicating ~11% YoY growth. Mainly driven by $2.4M worth of stock-based compensation and related expenses, the company reported $0.5M of operating loss compared to $1.1M of income of the prior-year period, and net loss for the quarter reached $0.4M from $0.9M net income in Q4 2020. Meanwhile, the cash and cash equivalents and marketable securities stood at $51.9M at the end of the year, indicating ~11% YoY growth, At the earnings call, Chief Financial

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HealthStream sinks to a 52-week low after Q4 earnings