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Streamline Health Solutions (STRM)
NASDAQ:STRM
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Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 10, 2018
|% Change Since: 24.48%
|Next Earnings Date:Sep 11, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive developments, such as strong SaaS revenue growth and successful client renewals, alongside significant challenges like a decline in total revenue, increased net loss due to impairment charges, and anticipated SaaS revenue decline. The strategic restructuring and improved adjusted EBITDA are promising, but cash and liquidity concerns remain.Company Guidance
During the third quarter earnings call for Streamline Health Solutions (STRM), management provided detailed guidance on several key metrics. The company reported total revenue of $6.1 million for the quarter, with SaaS revenue growing by 22% year-over-year. The strategic restructuring executed in October 2023 is expected to lower the future breakeven run rate, targeting a $15.5 million SaaS ARR run rate to achieve persistent adjusted EBITDA. As of the call, the booked SaaS ACV stands at $14.5 million, with $11.2 million already implemented. Operating expenses were notably impacted by a $10.7 million noncash impairment charge. The company anticipates sequential declines in SaaS revenue due to a legacy client's nonrenewal, with growth resuming in the second half of fiscal 2024. The balance sheet showed $2.6 million in cash and a term loan balance of $9.4 million. Management emphasized ongoing efforts to improve the company's financial flexibility and liquidity position, with an update expected soon.SaaS Revenue Growth
SaaS revenue grew 22% in the third quarter and the first 9 months of 2023 compared to the same prior year periods.
Successful Strategic Restructuring
The strategic restructuring resulted in significant cost savings and a lowered breakeven run rate.
Notable Client Renewals
Converted some single-year renewal contracts to 3-year contracts, and a 5-year renewal was signed with a client transitioning to Epic's EHR.
Implementation Success
Successfully completed a $1 million SaaS ACV RevID project with a large multi health system client.
Improved Adjusted EBITDA
Generated $0.4 million of adjusted EBITDA in Q3 2023, compared to a loss of $1.2 million in Q3 2022.
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STRM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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STRM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 16, 2024 | $3.39 | $3.65 | +7.67% |
| Sep 11, 2024 | $7.23 | $3.73 | -48.41% |
| Jun 11, 2024 | $9.60 | $7.72 | -19.58% |
| Apr 29, 2024 | $4.65 | $4.48 | -3.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Streamline Health Solutions (STRM) report earnings?
Streamline Health Solutions (STRM) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Streamline Health Solutions (STRM) earnings time?
Streamline Health Solutions (STRM) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is STRM EPS forecast?
Currently, no data Available
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