Health Catalyst Could Slump When Lockup Expires

Some of their clients include Cedars Sinai Medical Center, Kaiser Permanente Thrive, Stanford Hospital and Clinics, Texas Children's Hospital, CHOC Children's, John Muir Health, and St. Luke's.

Company information sourced from the firm's website and S-1/A.

Financial Highlights

Health Catalyst reported the following financial highlights for the end of the third quarter for fiscal 2019 ended September 30, 2018:

  • Total revenue was $39.4 million for an increase of 20% over the previous third quarter
  • Loss from operations was $(20.7) million versus $(16.4) million for the same period the prior year
  • Net loss was $(21.4) million versus $(16.8) million for the same period the prior year
  • Total adjusted gross margin was 54% versus 50% over the previous third quarter
  • Adjusted EBITDA was $(8.4) million versus $(11.3) million over the previous third quarter

Financial highlights sourced from the firm's website.

Management Team

CEO Daniel Burton has served in his position since October 2012. Prior to joining Health Catalyst, Mr. Burton co-founded HB Ventures, LLC, which was a private investment firm. He earned a B.S. from Brigham Young University and an M.B.A. from Harvard Business School.

CFO Patrick Nelli has served in his position since September 2017. He has held various roles at Health Catalyst since August 2017 including, SVP of Touchstone Product Line, VP of Corporate Analytics, and Manager of Financial Planning and Analysis. He holds a B.A. from Wake Forest University.

Company bios sourced from the firm's website.

Competition: Medidata, Evolent, IBM, and Others

Health Catalyst faces competition from a number of digital platform and software providers that focus on the health care industry. These include Medidata, Signant Health, Change Healthcare (CHNG), Evolent (EVH), and Tredegar Corporation (TG). They also face competition from other data analytics providers including IBM (IBM), HP Enterprise (NYSE: HPE), Teradata (NYSE: TDC), Oracle (ORCL), SAP (SAP), EMC, Amazon (AMZN), Google (GOOG), Microsoft (MSFT), Splunk (NASDAQ: SPLK), VMware (VMW), Cogito, and Alteryx (AYX).

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Disclosure: I am/we are short HCAT.

Disclaimer: I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any ...

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