HealthEquity, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 31, 2023
September 05, 2023 at 09:10 pm
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HealthEquity, Inc. reported earnings results for the second quarter and six months ended July 31, 2023. For the second quarter, the company reported revenue was USD 243.55 million compared to USD 206.14 million a year ago. Net income was USD 10.58 million compared to net loss of USD 10.65 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to basic loss per share from continuing operations of USD 0.13 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to diluted loss per share from continuing operations of USD 0.13 a year ago.
For the six months, revenue was USD 487.98 million compared to USD 411.82 million a year ago. Net income was USD 14.68 million compared to net loss of USD 24.29 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to basic loss per share from continuing operations of USD 0.29 a year ago. Diluted earnings per share from continuing operations was USD 0.17 compared to diluted loss per share from continuing operations of USD 0.29 a year ago.
HealthEquity, Inc. is engaged in providing technology-enabled services that help consumers make healthcare savings and spending decisions. The Company uses its technology to manage consumers' tax-advantaged health savings accounts (HSAs) and other consumer-directed benefits (CDBs) offered by employers, including flexible spending accounts and health reimbursement arrangements (FSAs and HRAs), and to administer Consolidated Omnibus Budget Reconciliation Act (COBRA), commuter and other benefits. It offers a mutual fund investment platform and access to an online-only automated investment advisory service to all its members. It offers multiple cloud-based platforms, accessed by its members online via a desktop or mobile device, through which individuals can make health saving and spending decisions, pay healthcare bills, compare treatment options and prices, receive personalized benefit and clinical information, earn wellness incentives, grow their savings and make investment choices.
HEALTHEQUITY, INC. 
