Health Catalyst, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 01:33 am IST
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Health Catalyst, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 73.21 million compared to USD 70.63 million a year ago. Net loss was USD 32.61 million compared to USD 33.43 million a year ago. Basic loss per share from continuing operations was USD 0.58 compared to USD 0.62 a year ago. Diluted loss per share from continuing operations was USD 0.58 compared to USD 0.62 a year ago.
For the six months, revenue was USD 147.08 million compared to USD 138.72 million a year ago. Net loss was USD 65.8 million compared to USD 55.89 million a year ago. Basic loss per share from continuing operations was USD 1.18 compared to USD 1.05 a year ago. Diluted loss per share from continuing operations was USD 1.18 compared to USD 1.15 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.
HEALTH CATALYST, INC. 
