Health Catalyst, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 23, 2024 at 02:33 am IST
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Health Catalyst, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 75.08 million compared to USD 69.16 million a year ago. Net loss was USD 30.31 million compared to USD 35.78 million a year ago. Basic loss per share from continuing operations was USD 0.53 compared to USD 0.66 a year ago. Diluted loss per share from continuing operations was USD 0.53 compared to USD 0.66 a year ago.
For the full year, the company reported revenue was USD 295.94 million compared to USD 276.24 million a year ago. Net loss was USD 118.15 million compared to USD 137.4 million a year ago. Basic loss per share from continuing operations was USD 2.09 compared to USD 2.56 a year ago. Diluted loss per share from continuing operations was USD 2.09 compared to USD 2.63 a year ago.
Health Catalyst, Inc. is a provider of data and analytics technology and services to healthcare organizations. The Companyâs solution comprises its cloud-based data and analytics platform, software applications, and professional services expertise. The Company operates through two segments: Technology and Professional Services. The Technology segment includes its data platform, analytics applications and support services and is focused primarily on contracts that are cloud-based subscription arrangements, time-based license arrangements, and maintenance and support fees. The Professional Services segment is generally the combination of analytics, implementation, strategic advisory, outsourcing, and improvement services to deliver capabilities to its customers to fully configure and utilize the benefits of its technology offerings. Its clients include academic medical centers, integrated delivery networks, community hospitals, physician practices, health insurers, and others.