Thu, Jul 25, 8:48 PM (44 days ago)
HealthStream, Inc. reported a 3.4% increase in Q2 2024 revenues to $71.6 million from $69.2 million in Q2 2023. Operating income rose by 10.1% to $4.4 million, while net income showed a modest increase to $4.2 million, resulting in diluted EPS of $0.14, up from $0.13. Adjusted EBITDA grew 3.3% to $15.8 million. The company maintained strong liquidity with $46.1 million in cash and cash equivalents and $36.9 million in marketable securities. No debt was reported. Challenges include inflation and elevated interest rates, but the company remains well-positioned with a robust balance sheet and no outstanding borrowings under its $50 million revolving credit facility.