Financial PerformanceHealthStream reported Q3/24 non-GAAP EPS of $0.19, which exceeded our forecast and the FactSet consensus forecast of $0.13.
Market DemandGiven the scarcity of nursing labor, healthcare organizations have increased investment in nursing employee development to attract and retain talent, which should support strong demand for the company’s services.
Product DevelopmentAdoption of APIs and the Developer Portal has continued to gain traction, with the number of organizations and third-party developers accessing the portal roughly doubling in the last twelve months, and customer built integrations nearly tripling.