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HealthStream is a leading provider of research and learning solutions for the healthcare industry, transforming insight into action to deliver outcomes-based results for healthcare organizations. Through HealthStream's learning solutionswhich have been contracted by over 2.5 million hospital-based healthcare professionalshealthcare organizations create safer environments for patients, increase clinical competencies of their workforces, and facilitate the rapid transfer of the latest knowledge and technologies. Through our research products, executives from healthcare organizations gain valuable insight about patients' experiences, workforce challenges, physician relations, and community perceptions of their services. Based in Nashville, Tennessee, HealthStream has an additional office in Baltimore, Maryland.
HealthStream Announces Second Quarter 2011 Results
HealthStream, Inc. (NASDAQ:HSTM), a leading provider of learning and research solutions for the healthcare industry, announced results for the second quarter ended June 30, 2011.
Revenues for the second quarter of 2011 increased $4.4 million, or 26 percent, to $21.1 million, compared to $16.7 million for the second quarter of 2010. Revenues for HealthStream Learning and HealthStream Research grew by 29 percent and 22 percent, respectively, over the prior year second quarter.
Revenues from HealthStream Learning increased by $3.2 million, or 29 percent, when compared to the second quarter of 2010. Revenues from our Internet-based subscription products increased by approximately $3.0 million over the prior year quarter, and were comprised of revenue increases from the HealthStream Learning Center® (HLC) of $1.0 million and from courseware subscriptions of $1.9 million. Revenues from Internet-based subscription products increased 29 percent over the prior year quarter due to a higher number of subscribers and more courseware consumption by subscribers. Revenues associated with custom courseware development decreased $177,000 from the prior year quarter. Revenues from SimVentures were $148,000 during the second quarter of 2011.
Revenues from HealthStream Research increased by $1.2 million, or 22 percent, when compared to the second quarter of 2010. Revenues from Patient Insights surveysa survey research product that generates recurring revenuesincreased by $874,000, or 25 percent, when compared to the second quarter of 2010. Revenues from other surveys, which are conducted on annual or bi-annual cycles, increased by approximately $300,000, or 16 percent, when compared to the second quarter of 2010.
Cost of revenues (excluding depreciation and amortization) approximated 36 percent of revenues for both the second quarter of 2011 and 2010. In the aggregate, all other operating expenses increased by $1.9 million, or 23 percent, over the prior year second quarter, and included approximately $627,000 of expenses associated with our customer Summit. There were no Summit expenses in the second quarter of 2010.
Operating income for the second quarter of 2011 increased by 32 percent to $3.1 million, compared to $2.3 million for the second quarter of 2010, primarily resulting from the strong revenue growth mentioned above.
Net income for the second quarter of 2011 was $1.8 million, or 36 percent above net income of $1.3 million in the second quarter of 2010. Earnings per share were $0.08 per share (diluted) in the second quarter of 2011, an increase of 33 percent over $0.06 per share (diluted), for the second quarter of 2010.
Adjusted EBITDA (which we define as net income before interest, income taxes, share-based compensation, and depreciation and amortization) was $4.6 million for the second quarter of 2011, an increase of 24 percent when compared to $3.8 million for the second quarter of 2010.
More about HSTM at www.healthstream.com
Cleantech Transit Inc (OTCPK:CLNO)
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. Cleantech Transit Inc has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).
Cleantech Transit, Inc. (OTCPK:CLNO) is pleased to announce it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
Biomass is any organic matter on the Earth's surface, which has inherent chemical energy content. Bioenergy utilizes biomass (usually dead organisms and waste products) to generate energy in the form of heat, electricity or motion. It can be thought of as a store of energy that is continuously being replenished. This energy is stored in plants and it goes through a series of processes that involve chemical and biological stages.
For more information about CLNO, visit www.cleantechtransitinc.com
Sun Life Financial Inc. (NYSE:SLF) will release its second quarter 2011 financial results on Wednesday, August 3, 2011, after the markets close. The Company will hold its earnings conference call and audio webcast at 10 a.m. ET the following day. Thursday, August 4, 2011 at 10 a.m. ET.
Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. For more information please visit www.sunlife.com.
Archer Daniels Midland Company (NYSE:ADM) will release financial results for its fourth quarter of fiscal year 2011 before the market opens on Tuesday, August 2, 2011. The company will host a conference call and audio webcast at 8 a.m. Central Time to discuss financial results and provide a company update. A financial summary slide presentation will be available to download approximately 60 minutes prior to the call. To listen to the call via the Internet or to download the slide presentation, go to www.adm.com/webcast. To listen by telephone, dial 866-788-0538 in the U.S. or 857-350-1676 if calling from outside the U.S.; the access code is 78084113. Replay of the call will be available from 11 a.m. Central Time on August 2 to August 9, 2011. To listen to the replay by telephone, dial 888-286-8010 or 617-801-6888; the access code is 24939972. To listen to the replay online, visit www.adm.com/webcast.
Archer Daniels Midland Company procures, transports, stores, processes, and merchandises agricultural commodities and products in the United States and internationally.
Majestic Gold Corp. (MJS.V)
Gold mineralization on Song Jiaguo is hosted by a series of steeply dipping, sub-parallel north-northeast trending fault zones within upper Cretaceous conglomerates overlying Proterozoic granitic rocks. The area of Song Jiaguo is interpreted as being the higher levels of a mesothermal system where gold bearing fluids have mineralized the matrix of the host conglomerates. The gold bearing quartz veins would then likely continue too much lower levels in the system.
Pure gold is too soft for ordinary use and is hardened by alloying with silver, copper, and other metals. Gold can be found in rivers, seas and land in many parts of the earth; however it is not easily extracted. Gold is an ancient metal of wealth, commerce and beauty. Gold is an excellent hedge against inflation, and protects earnings for the future.
Majestic Gold Corp. announced that Wardrop, A Tetra Tech Company, ("Wardrop") has completed and delivered a positive Preliminary Assessment ("PA" or "Preliminary Assessment") for the Songjiagou Gold Project located in Shandong Province, People's Republic of China.
Highlights are as follows:
-- Net Present Value of US $525 million using a 10% discount rate.
-- Internal Rate of Return of 78.6%.
-- Payback in 1.4 years.
-- Total gold production of 2.324 million ounces (average 105,645 oz/yr) for life-of-mine.
-- Life-of-Mine strip ratio 1.87: 1 (waste to ore).
-- Mine-Life of 22 years.
The Preliminary Assessment provided by Wardrop has exceeded their expectations and would form the basis for their continued development of the Songjiagou project.
Majestic Gold Corp. engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.
For more information about Majestic Gold Corp please visit http://www.majesticgold.net
Neustar, Inc. (NYSE:NSR) announced that it will report its second quarter 2011 operating and financial results on Wednesday, July 27, 2011 after the closing of regular trading. The news release will be followed by a teleconference and webcast beginning at 4:30 p.m. (Eastern Time).
Neustar, Inc. provides market-leading, innovative solutions and directory services that enable trusted communication across networks, applications, and enterprises around the world. Visit Neustar online at www.neustar.biz.
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