Streamline Health So Down 9.99% To $1.44 After Earnings Meet

Tuesday, June 13, 2023 - Streamline Health So (STRM) reported in line earnings and downside revenues.

Analyst expectations for Streamline Health So earnings per share (EPS) were at a loss of $0.05 per share, with the company missing those estimates with a reported EPS loss of $0.05 per share, leading to a neutral surprise of $0 per share. Streamline Health So's earnings rose 17% year-over-year as the firm reported an EPS loss of $0.06 per share in its year-ago quarter. The positive annual growth shows the Healthcare company is performing well amid recent economic conditions.

Analyst projections for Streamline Health So revenue came in at a consensus of $5.5 million. First-Quarter revenues missed estimates for $5.3 million by $158 thousand (3%). The company achieved negative 10% growth year-over-year compared to the firm's revenue of $5.9 million from the year-ago quarter. The higher earnings growth relative to revenue signals Streamline Health So has improved its profit margin.

The stock is down 9.99% to $1.44 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Streamline Health So a Bullish Sentiment Rank from InvestorsObserver.

Streamline Health So has performed a little below average during the past few months. Before the report, Streamline Health So received a Long-Term Technical Rank by InvestorsObserver of 49, putting it in the bottom half of stocks. The firm set a 52-week high on February 3, 2023 at $2.35 and set a 52-week low on June 17, 2022 at $1.04.

Streamline Health Solutions Inc provides transformational data-driven solutions for healthcare organizations. It provides computer software-based solutions through its looking glass platform. Its solutions include coding and CDI, coding audit, and financial management solutions. It offers various services, such as custom integration services, training services, electronic image conversion and database monitoring services. It sells its solutions and services in North America to hospitals and health systems, including physician practices, through its direct sales force and its reseller partnerships.