Streamline Health reports Q1 EPS (5c), consensus (4c)

Reports Q1 revenue $4.33M, consensus $4.31M. The company reiterated that it believes its adjusted EBITDA breakeven run rate is $15.5M of SaaS ARR and that it expects to achieve this run rate during the second half of fiscal 2024. Due to the continued unpredictability of timing related to the closing of new contracts, the company has not provided more specific guidance related to the timing of bookings. “As a result of executing contract implementations while expanding our footprint with new and existing clients we expect to achieve ongoing adjusted EBITDA profitability during the second half of this fiscal year,” stated Ben Stilwill, President and Chief Executive Officer, of the Company. “Furthermore, we continue to improve the impact of our existing solutions for clients by incorporating novel AI techniques furthering our mission to ensure our nation’s health systems are paid for all of the care they provide.”