HealthStream, Inc. (NASDAQ:HSTM) Q4 2022 Results Conference Call February 21, 2023 9:00 AM ET

Company Participants

Mollie Condra - VP, IR & Communications

Robert Frist - Chairman, CEO

Scotty Roberts - CFO, SVP, Finance and Accounting

Conference Call Participants

Matt Hewitt - Craig Hallum

Richard Close - Canaccord Genuity

Jared Haase - William Blair

Vincent Colicchio - Barrington Research

Operator

Good morning, and welcome to HealthStream's Fourth Quarter and Full Year 2022 Earnings Conference Call. At this time, I would like to inform you that this conference is being recorded and that all participants are in listen-only mode. At the request of the company, we will open the conference up for questions and answers after the presentation.

I will now turn the conference over to Mollie Condra, Vice President of Investor Relations and Communications. Please go ahead, Ms. Condra.

Mollie Condra

Thank you, and good morning. Thank you for joining us today to discuss HealthStream's fourth quarter and full year 2022 results. Also in the conference call with me today is Robert A. Frist Jr., CEO and Chairman of HealthStream; and Scotty Roberts, CFO and Senior Vice President of Finance and Accounting.

I would also like to remind you that this conference call may contain forward-looking statements regarding future events and the future performance of HealthStream that could involve risks and uncertainties that could cause the actual results to differ materially from those projected in the forward-looking statements.

Information concerning these risks and other factors that could cause the results to differ materially from those forward-looking statements are contained in the company's filings with the SEC, including Forms 10-K, 10-Q and our earnings release. Additionally, we may reference measures such as adjusted EBITDA, which is a non-GAAP financial measure. A table providing supplemental information on adjusted EBITDA and reconciling to net income attributable to HealthStream is included in the earnings release that we issued yesterday and may refer to in this call.

So, with that start, I'll now turn the call over to our CEO, Bobby Frist.

Robert Frist

Thank you, Mollie. Good morning and welcome to our fourth quarter and full year 2022 earnings call. We do have a lot of developments to cover in this morning, so we'll let's first look at a quick view of financial performance. Moving to in depth discussion of operational enhancements we've made to begin 2023. I'll turn it over to Scotty Roberts for a more detailed look at financials. And I do want to kind of reiterate the fundamentals of who we are and where we're going. So let's start with that. And then exciting news around starting the cash dividend policy to share as well. So first, the financials.