HealthStream Q1 top line up 11%; cash flow up 190%; shares ahead 17%

|By:, SA News Editor

HealthStream (NASDAQ:HSTMQ1 results ($M): Revenues: 59.9 (+10.7%).

Net Income: 1.3 (-14.4%); Non-GAAP Net Income: 1.8 (-11.3%); EPS: 0.04 (-20.0%); cash flow ops: 16.5 (+189.5%).

2017 Guidance: Revenue growth: 10 - 14%; operating income growth: 50 - 65%; capex: $15M - 17M.

EPS was in-line with consensus while revenues beat by ~$0.7M.

Revenue for Workforce Solutions was up 2.4M (+5.8%) but offset by a $3.4M decline in ICD-10 readiness.

Shares are up 17% on triple normal volume.