HealthStream announced its fourth quarter and full-year 2024 financial results on February 24, 2025. For Q4 2024, revenues increased by 5.2% to $74.2 million, with subscription revenues up 4.8%. Operating income rose 10.2% to $4.7 million, and net income increased 6.5% to $4.9 million, resulting in diluted EPS of $0.16.
For the full year 2024, revenues reached $291.6 million, a 4.5% increase from 2023. Operating income grew 32.9% to $21.3 million, and net income was $20.0 million, up 31.5%, with diluted EPS of $0.66. Adjusted EBITDA for the full year increased 9.0% to $66.8 million.
The Board approved a quarterly cash dividend of $0.031 per share, marking a 10.7% increase over the previous quarter's dividend. The company also announced executive promotions, including Kevin O’Hara to EVP, Enterprise Workforce Platform, Michael Collier to EVP, Corporate Strategy, Development, & Operations, and Trisha Coady to EVP, Workforce Development Solutions, while Michael Sousa plans to resign at the end of Q1 2025.
HealthStream provided its full-year 2025 guidance, projecting revenues between $302.0 million and $307.0 million, net income between $19.2 million and $21.4 million, and adjusted EBITDA between $70.0 million and $74.0 million. Capital expenditures are expected to be between $31.0 million and $34.0 million.
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