HealthEquity, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 31, 2021
December 06, 2021 at 04:01 pm EST
Share
HealthEquity, Inc. reported earnings results for the third quarter and nine months ended October 31, 2021. For the third quarter, the company reported revenue was USD 179.95 million compared to USD 179.35 million a year ago. Net loss was USD 5.04 million compared to net income of USD 1.79 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to basic earnings per share from continuing operations of USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.06 compared to diluted earnings per share from continuing operations of USD 0.02 a year ago.
For the nine months, revenue was USD 553.26 million compared to USD 545.4 million a year ago. Net loss was USD 11.47 million compared to net income of USD 3.47 million a year ago. Basic loss per share from continuing operations was USD 0.14 compared to basic earnings per share from continuing operations of USD 0.05 a year ago. Diluted loss per share from continuing operations was USD 0.14 compared to diluted earnings per share from continuing operations of USD 0.05 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. 
