$HQY (HealthEquity, Inc.)

$HQY {{ '2016-06-08T07:04:29+0000' | timeago}} • Webcast

In 1Q17, $HQY opened 71,994 new HSAs, a 35% growth YoverY in incremental sales. This is on top of the 35,000 HSAs that the team transitioned from $MTB's platform during the quarter.

$HQY {{ '2017-08-01T13:16:54+0000' | timeago}} • Announcement

$HQY announced that its Board of Directors has appointed Gayle Wellborn to the Board of Directors, effective August 1, 2017.

$HQY {{ '2017-07-05T13:36:01+0000' | timeago}} • Announcement

$HQY, a provider of health saving services, has joined hands with $FIBK, parent company of First Interstate Bank, to transition the latter’s health savings account portfolio to HealthEquity. Under the partnership, HealthEquity will become the custodian for all the current health savings account clients of First Interstate by September 28, 2017.

$HQY {{ '2017-06-06T21:39:00+0000' | timeago}} • Webcast

$HQY said the acquisition of BenefitGuard, which focuses on 401(k) services, is probably set to close in 3Q18. The company do not expect any material revenue or expense from the acquisition in the current fiscal year.

$HQY {{ '2017-06-06T20:44:14+0000' | timeago}} • Announcement

$HQY lifted FY18 revenue outlook to $222-227MM from $220-225MM, its net income guidance to $33-37MM from $30-34MM and its adjusted EBITDA forecast to $78-83MM from $77-82MM. $HQY sees non-GAAP net income of $38-42MM and non-GAAP EPS of $0.62-0.67, based on expected 62MM weighted-average shares outstanding.

$HQY {{ '2017-06-06T20:39:53+0000' | timeago}} • Announcement

$HQY reported a jump in 1Q18 earnings driven by higher revenue as well as a growth in HSAs and a rise in custodial assets. Net income rose to $14.03MM or $0.23 per share from $8.07MM or $0.14 per share last year. Revenue grew to $55.42MM from $44.01MM.

$HQY {{ '2017-03-28T13:31:19+0000' | timeago}} • Announcement

$HQY appointed Bill Otten as EVP of Sales, and Gary Robinson as EVP and Chief Marketing Officer. Most recently, Otten was division VP of sales for the Value Added Services of $ADP. Most recently, Robinson was EVP of sales and business development for HealthTap, Inc.

$HQY {{ '2017-03-21T20:35:41+0000' | timeago}} • Announcement

$HQY expects FY17 revenue of $220-225MM, net income of $30-34MM and EPS of $0.50-0.55. The EPS forecast is based on an estimated 61.5MM weighted-average shares outstanding. The company's adjusted EBITDA outlook is a range of $77-82MM. The forecast assumes a projected effective income tax rate of about 37%.

$HQY {{ '2017-03-21T20:33:40+0000' | timeago}} • Announcement

The total number of HSAs for which $HQY serve as a non-bank custodian (HSA Members) as of Jan. 31, 2017 was 2.7MM, an increase of 28% from 2.1MM as of Jan. 31, 2016. Total Custodial Assets as of Jan. 31, 2017 grew 37% to $5Bil. Custodial cash assets grew 34% to $4.4Bil and custodial investment assets jumped 62% to $658.6MM.

$HQY {{ '2017-03-21T20:30:03+0000' | timeago}} • Announcement

$HQY reported a rise in 4Q16 earnings driven by a 21% growth in Service revenue, a 44% jump in Custodial revenue and a 33% surge in Interchange revenue. Net income rose to $4.06MM or $0.07 per share from $3.13MM or $0.05 per share last year. Revenue grew to $46.81MM from $35.89MM.

$HQY {{ '2016-12-07T18:35:08+0000' | timeago}} • Webcast

$HQY said the presence of the company in new geographies and with new partners has had a positive impact in terms of new accounts. With M&T Bank, $HQY is seeing more activity in the M&T service territory upstate New York. The level of individual accounts and individual groups have largely been retained and their balances are expected to grow.

$HQY {{ '2016-12-07T17:51:53+0000' | timeago}} • Webcast

$HQY's gross profit for 3Q17 was $25.9MM compared to $17.7MM in 3Q16. Gross margin was 60% in the quarter.  Income from operations was $9MM, an increase of 43% YoverY and generated an operating margin of 21%. Adjusted EBITDA margin was 34% compared to 32% last year.

$HQY {{ '2016-12-07T17:41:25+0000' | timeago}} • Webcast

During 3Q17, $HQY’s Service revenues grew 24% YoverY to $18.8MM. Service revenue growth was attributable to a 49% YoverY increase in average HSAs in the quarter. Custodial revenue was $15MM, up 64% compared to 3Q16. Interchange revenue was $9.6MM, up 55% YoverY.

$HQY {{ '2016-12-06T21:44:50+0000' | timeago}} • Announcement

For FY17, $HQY reaffirmed its revenue outlook of $174-178MM and its adjusted EBITDA outlook of $59-62MM. Net income for FY17 is expected to be in the range of $23-25MM and diluted EPS is expected in a range of $0.38-0.42 based on an estimated 60MM weighted-average shares outstanding.

$HQY {{ '2016-12-06T21:39:31+0000' | timeago}} • Announcement

$HQY posted significantly higher 3Q17 earnings, helped by higher revenue and lower expenses. Net income for the quarter rose 46.89% to $6MM or $0.10 per diluted share from $4.09MM or $0.07 per diluted share a year ago. Revenue rose 41.87% to $43.35MM in 3Q17 from $30.56MM a year ago.

$HQY {{ '2016-10-20T18:12:16+0000' | timeago}} • Webcast

$HQY priced secondary offering of 2.5MM common shares, as agreed by the selling stockholders, at $35.85 per share. The offering is expected to close on Oct. 25, 2016. The selling shareholders granted the underwriters 30-day option to buy up to additional 375,000 common shares. $HQY will not receive any proceeds from the sale.

$HQY {{ '2016-09-06T21:57:27+0000' | timeago}} • Webcast

Polly Sung of Wells Fargo asks whether $HQY plans to provide the breakout for stock-based compensation going forward. CFO Darcy Mott replied that there is a reconciliation in the earnings release and the company will continue to provide the breakout of stock-based compensation.

$HQY {{ '2016-09-06T21:37:01+0000' | timeago}} • Webcast

As of July 31, 2016, $HQY had $149.5MM of cash, cash equivalents and marketable securities with no outstanding debt. The company generated $15.5MM from operating cash flow during 1H17.

$HQY {{ '2016-09-06T21:35:37+0000' | timeago}} • Webcast

$HQY stated that income from operations was $12.7MM in 2Q17, an increase of 70% YoverY and generated an operating margin of 29% compared to 25% in the prior year. The company's non-GAAP adjusted EBITDA for 2Q17 increased 66% to $18.4MM, compared to $11.1MM in the prior year. Adjusted EBITDA margin for the quarter was 42%, compared to 36% last year.

$HQY {{ '2016-09-06T21:17:52+0000' | timeago}} • Webcast

$HQY said consumers opened 84,998 new health savings accounts (HSAs) in 2Q17, up 21% YoverY. HealthEquity members grew assets under management (AUM) by $115MM, up 31% YoverY. New HSA openings are up 27% and members have added 68% more AUM over 1H17 than they did in 1H16.

$HQY {{ '2016-09-06T20:35:15+0000' | timeago}} • Announcement

For 2017, $HQY has raised its revenue outlook from a range of $173-177MM to a range of $174-178MM and its adjusted EBITDA outlook from a range of $58-60MM to a range of $59-62MM. Net income for 2017 is expected in a range of $23-25MM and diluted EPS is expected in a range of $0.38-0.42 based on an estimated 60MM weighted-average shares outstanding.

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