HEALTHSTREAM INC
For the period ended Feb 19, 2024. Filed Feb 20, 2024.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Feb 19, 2024 · Filed Feb 20, 2024
HSTM$28.89-2.4%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (In thousands, except per share data)
(In thousands, except per share data)
| Three Months Ended December 31, | Year Ended December 31, | |||
|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |
| Revenues, net | $70,580 | $68,536 | $279,063 | $266,826 |
| Operating costs and expenses: | ||||
| Cost of revenues (excluding depreciation and amortization) | 24,010 | 23,536 | 95,021 | 91,143 |
| Product development | 11,929 | 11,807 | 45,540 | 44,277 |
| Sales and marketing | 11,418 | 11,494 | 45,743 | 44,146 |
| Other general and administrative expenses | 8,441 | 9,009 | 35,664 | 36,866 |
| Depreciation and amortization | 10,526 | 9,611 | 41,076 | 37,945 |
| Total operating costs and expenses | 66,324 | 65,457 | 263,044 | 254,377 |
| Operating income | 4,256 | 3,079 | 16,019 | 12,449 |
| Other income, net | 1,162 | 191 | 2,492 | 3,136 |
| Income before income tax provision | 5,418 | 3,270 | 18,511 | 15,585 |
| Income tax provision | 828 | 819 | 3,298 | 3,494 |
| Net income | $4,590 | $2,451 | $15,213 | $12,091 |
| Net income per share: | ||||
| Basic | $0.15 | $0.08 | $0.50 | $0.39 |
| Diluted | $0.15 | $0.08 | $0.50 | $0.39 |
| Weighted average shares of common stock outstanding: | ||||
| Basic | 30,326 | 30,574 | 30,571 | 30,648 |
| Diluted | 30,489 | 30,717 | 30,673 | 30,717 |
| Dividends declared per share | $0.025 | $— | $0.10 | $— |
HealthStream Announces Fourth Quarter and Full-Year 2023 Results Page 6 February 19, 2024
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