HealthStream, Inc. (HSTM) Q4 2024 Earnings Call Transcript

For the period ending December 31, 2024

February 25, 2025 9:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good morning, and welcome to HealthStream's Fourth Quarter and Full Year 2024 Earnings Conference Call. At this time, I would like to inform you that this conference is being recorded and that all participants are in a listen-only mode. [Operator Instructions]

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

Mollie Condra

Thank you. Good morning and thank you for joining us today to discuss our fourth quarter and full year 2024 results. Also on the conference call with me 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 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 CEO, Bobby Frist.

Robert Frist

Thank you, Mollie. Good morning everyone, and welcome to our fourth quarter and full year 2024 earnings call. We definitely have lots to cover and look forward to getting to your questions at the end.

I'll just start out with some financial overview. I'm pleased to report that we finished the full year 2024 with strong year-over-year increases across all of our key financial metrics. Full year revenues were up 4.5%, net income was up 30 31.5%, operating income was up 32.9% and adjusted EBITDA was up 9%.

Looking forward to 2025 as we think forward, we expect HealthStream to continue to deliver growth in each of the areas where we provide financial guidance as we anticipate organic revenue between $302 million and $307 million, net income between $19.2 million and $21.4 million, and adjusted EBITDA between $70 million and $74 million.