Health Catalyst has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering. No pricing details were mentioned in this filing. The company intends to list its share on the Nasdaq under the symbol HCAT.
The underwriters for the offering are Goldman Sachs, JPMorgan, William Blair, Piper Jaffray, Evercore ISI, SVB Leerink and SunTrust Robinson Humphrey.
This firm is a leading provider of data and analytics technology and services to health care organizations. Its solution comprises a cloud-based data platform, analytics software and professional services expertise.
The customers are primarily health care providers, and they use Health Catalyst’s solution to manage their data, derive analytical insights to operate their organization and produce measurable clinical, financial and operational improvements.
Health Catalyst detailed its finances in the filing:
For the years ended December 31, 2017 and 2018, and for the three months ended March 31, 2018 and 2019, our total revenue was $73.1 million, $112.6 million, $20.6 million, and $35.2 million, respectively. For the years ended December 31, 2017 and 2018, and for the three months ended March 31, 2018 and 2019, we incurred net losses of $47.0 million, $62.0 million, $12.2 million, and $13.7 million, respectively. For the years ended December 31, 2017 and 2018, and for the three months ended March 31, 2018 and 2019, our Adjusted EBITDA was $(35.4) million, $(38.1) million, $(9.3) million, and $(6.7) million, respectively.
The company intends to use the net proceeds from this offering for working capital and other general corporate purposes.
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
