HEALTHSTREAM INC
For the period ended Sep 30, 2024. Filed Oct 24, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 24, 2024
HSTM$28.85-0.1%Stored close · as of Nov 9, 2026
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Item 1. *Financial Statements*
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
| September 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $57,489 | $40,333 |
| Marketable securities | 37,404 | 30,800 |
| Accounts receivable, net of allowance for doubtful accounts of $949 and $781 at September 30, 2024 and December 31, 2023, respectively | 26,326 | 34,346 |
| Accounts receivable - unbilled | 5,350 | 4,100 |
| Prepaid royalties, net of amortization | 9,239 | 10,202 |
| Prepaid software maintenance and subscriptions | 6,677 | 7,397 |
| Other prepaid expenses and other current assets | 3,163 | 3,032 |
| Total current assets | 145,648 | 130,210 |
| Property and equipment, net of accumulated depreciation of $22,362 and $19,503 at September 30, 2024 and December 31, 2023, respectively | 11,086 | 13,005 |
| Capitalized software development, net of accumulated amortization of $144,894 and $127,009 at September 30, 2024 and December 31, 2023, respectively | 42,472 | 40,643 |
| Operating lease right of use assets, net | 18,172 | 20,114 |
| Goodwill | 191,139 | 191,379 |
| Customer-related intangibles, net of accumulated amortization of $56,676 and $57,095 at September 30, 2024 and December 31, 2023, respectively | 48,700 | 54,742 |
| Other intangible assets, net of accumulated amortization of $18,420 and $16,603 at September 30, 2024 and December 31, 2023, respectively | 9,269 | 13,289 |
| Deferred commissions | 31,777 | 31,700 |
| Non-marketable equity investments | 3,984 | 4,134 |
| Other assets | 584 | 726 |
| Total assets | $502,831 | $499,942 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $4,444 | $7,465 |
| Accrued expenses | 17,367 | 22,717 |
| Accrued royalties | 5,822 | 4,556 |
| Deferred revenue | 82,939 | 83,623 |
| Total current liabilities | 110,572 | 118,361 |
| Deferred tax liabilities | 15,177 | 16,132 |
| Deferred revenue, noncurrent | 1,671 | 2,169 |
| Operating lease liability, noncurrent | 17,944 | 20,247 |
| Other long-term liabilities | 1,986 | 2,281 |
| Shareholders’ equity: | ||
| Common stock, no par value, 75,000 shares authorized; 30,415 and 30,298 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively | 251,428 | 249,075 |
| Retained earnings | 104,937 | 92,368 |
| Accumulated other comprehensive loss | (884) | (691) |
| Total shareholders’ equity | 355,481 | 340,752 |
| Total liabilities and shareholders’ equity | $502,831 | $499,942 |
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