HealthStream, Inc. (HSTM), a leading provider of learning and research solutions for the healthcare industry, announced fiscal results for the third quarter ended September 30, 2007.
Revenues for the third quarter of 2007 increased $4.3 million, or 58 percent, when comparing the new value $11.8 million to the fiscal value of $7.5 million reported during the third quarter of 2006. Specifically, the Company’s revenue was comprised of 58 percent of revenues from HealthStream Learning and 42 percent of revenues from HealthStream Research.
Revenues for the company’s new business, HealthStream Research, increased by $3.3 million when compared to the third quarter of 2006. This increase can be directly attributed to the March 12, 2007 acquisition of TJO. TJO bought a plethora of products to HealthStream Research, aiding in the overall performance during this quarter.
Revenues from the company’s other business, HealthStream Learning, also increased by $1.0 million when compared to the third quarter of 2006. This increase resulted from a significant increase in the number of subscribers for Internet-based subscription learning products. Net income for the third fiscal quarter of 2007 have been reported at $739,000, or $0.03 per share (diluted). This represents a tremendous increase from the value of $474,000, or $0.02 per share (diluted), that was reported during the third quarter of 2006.
Let us hear your thoughts below:
