Record Quarterly Revenue
HealthStream achieved record quarterly revenue of $74.4 million, up 4% from the same quarter last year.
Strong Operating Income Growth
Operating income increased by 33.4% and net income rose by 29.3% compared to the same quarter last year.
Successful Large Deal Closures
Four out of five medium to large-sized deals were closed in the second quarter, with an average new order contract value of $2.2 million.
Growth in Core Solutions
CredentialStream grew by 26%, ShiftWizard by 21%, and the competency suite by 18%.
AI Integration and Innovation
HealthStream continues to integrate AI into its products, with notable developments in the GenAI program and the HealthStream Learning Experience (HLX) application.
Cash and Investment Position
HealthStream maintains a strong cash balance of $90.6 million with no interest-bearing debt.