HealthEquity, Inc. (NASDAQ:HQY) Q1 2023 Earnings Conference Call June 6, 2022 4:30 PM ET

Company Participants

Richard Putnam - Investor Relations

Jon Kessler - President and Chief Executive Officer

Ted Bloomberg - Executive Vice President and Chief Operating Officer

Tyson Murdock - Executive Vice President and Chief Financial Officer

Steve Neeleman - Vice-Chair and Founder

Conference Call Participants

Anne Samuel - JPMorgan

Greg Peters - Raymond James

George Hill - Deutsche Bank

Stephanie Davis - SVB Securities

Glen Santangelo - Jefferies

Stan Bernstein from - Wells Fargo

Sandy Draper - Guggenheim

Mark Marcon - Baird

Allen Lutz - Bank of America

David Larsen - BTIG

Thomas Kelliher - RBC Capital Markets

Operator

Good day, and thank you for standing by, and welcome to HealthEquity First Quarter 2023 Earnings Call.

I would now like to hand the conference over to your host today, Richard Putnam.

Richard Putnam

Thank you, Justin. Good afternoon, welcome to HealthEquity's first fiscal year 2023 earnings conference call. My name is Richard Putnam. I do Investor Relations here for HealthEquity and joining me today is Jon Kessler, President and CEO; Dr. Steve Neeleman our Vice-Chair and Founder of the Company; Tyson Murdock, the company's Executive Vice President and CFO; and Ted Bloomberg, Executive Vice President and Chief Operating Officer.

Before I turn the call over to Jon, I have two important reminders. First, a press release announcing our financial results for the first quarter of fiscal year 2023 was issued after the market closed this afternoon. The financial results in this press release includes contributions from our wholly-owned subsidiary WageWorks and accounts it administers. The press release also includes definitions of certain non-GAAP financial measures that we will reference today. A copy of today's press release, including reconciliations of these non-GAAP measures and the comparable GAAP measure and a recording of the webcast can be found on our Investor Relations website, which is ir.healthequity.com.

Second, our comments and responses to your questions today reflect management's view as of today June 6, 2022, and will contain forward-looking statements as defined by the SEC, including predictions, expectations, estimates, or other information that might be considered forward-looking. There are many important factors relating to our business, which could affect the forward-looking statements made today. These forward-looking statements are subject to risks and uncertainties that may cause our actual results to differ materially from the statements made here today.

We caution against placing undue reliance on these forward-looking statements and we also encourage you to review the discussion of these factors and other risks that may affect our future results, as well as our market price of our stock detailed in our latest Annual Report on Form 10-K and any subsequent periodic reports filed with the SEC. We assume no obligation to revise or update these forward-looking statements in light of new information or future events.