Health Catalyst: Fourth Quarter Earnings Overview

Health Catalyst Reports $91 Million Loss in Q4

Health Catalyst Inc., headquartered in South Jordan, Utah, announced on Thursday that it recorded a net loss of $91 million for the fourth quarter.

The company reported a loss of $1.28 per share. After excluding asset impairment and amortization expenses, adjusted earnings were 8 cents per share.

These adjusted earnings fell short of analyst expectations, as a consensus of three analysts polled by Zacks Investment Research had anticipated earnings of 9 cents per share.

Despite the earnings miss, Health Catalyst, which specializes in healthcare data analytics, generated $74.7 million in revenue for the quarter—surpassing the $73.6 million forecasted by analysts surveyed by Zacks.

Looking ahead to the first quarter ending in March, the company projects revenue between $68 million and $70 million.

This article was produced by Automated Insights using information from Zacks Investment Research.