Waystar Holding Corp. ( (WAY) ) has released its Q4 earnings. Here is a breakdown of the information Waystar Holding Corp. presented to its investors.
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Waystar Holding Corp. operates in the healthcare sector, providing leading healthcare payment software to streamline financial transactions for providers, allowing them to focus on patient care. The company serves a broad client base, including many top-ranked hospitals in the U.S.
Waystar reported a strong fiscal year 2024, with a 19% increase in revenue, reaching $944 million. The fourth quarter alone saw an 18% revenue growth year-over-year, highlighting the company’s effective execution of strategic priorities.
Key financial metrics for the fourth quarter include a net income of $19.1 million, an adjusted EBITDA of $100.2 million, and cash flow from operations of $65 million. For the full fiscal year, Waystar improved its net loss to $19.1 million, a 62.7% improvement from the previous year, and saw a 15% rise in adjusted EBITDA to $383 million.
Looking forward, Waystar’s management remains optimistic, projecting revenue growth to exceed $1 billion in fiscal year 2025, with an expected adjusted EBITDA between $399 million and $407 million. This outlook suggests continued robust performance and strategic positioning in the healthcare payment industry.
