Healthequity Inc Stock Price, News & Analysis

HealthEquity (NASDAQ: HQY) has announced the pricing of a $500 million offering of 4.500% senior notes due 2029. The net proceeds will be utilized to refinance existing term loans and for general corporate purposes. The offering is set to close on October 8, 2021, pending customary conditions. These senior notes are offered exclusively to qualified institutional buyers under Rule 144A and Regulation S, without registration under the Securities Act of 1933.

HealthEquity (NASDAQ: HQY) announced an offering of $500 million in senior notes due 2029, subject to market conditions. The notes will be guaranteed by certain subsidiaries on a senior unsecured basis. Proceeds will be used to refinance existing term loans and for general corporate purposes. The notes are being offered to qualified institutional buyers and have not been registered under the Securities Act. This offering aims to strengthen HealthEquity's financial position while they manage 13 million HSA accounts.

HealthEquity released findings from its Working in the New Normal Survey, revealing employee dissatisfaction with employer benefits adjustments during the pandemic. Over half (56%) of surveyed workers are dissatisfied, with 72% of those experiencing expanded benefits expressing satisfaction. The survey indicates a strong preference for flexible work schedules, and 77% of respondents do not wish to return to full-time onsite work. Importantly, 46% of HSA participants increased contributions, highlighting the ongoing value of Health Savings Accounts. The full report and an eBook are available online.

HealthEquity, Inc. (NASDAQ: HQY) reported Q2 FY22 revenues of $189.1 million, up 7% from $176.0 million in Q2 FY21. The company experienced a net loss of $3.8 million, compared to a $0.1 million loss last year, with non-GAAP net income at $33.4 million. Adjusted EBITDA rose 9% to $65.5 million. The total Health Savings Accounts (HSAs) reached 6.0 million, a 11% increase, and total HSA assets grew 27% to $15.5 billion. HealthEquity expects fiscal year revenues of $755-$765 million and net losses of $17-$13 million.

HealthEquity, the largest independent HSA custodian, will release its fiscal Q2 2022 financial results on September 8, 2021, after market close. A conference call to discuss these results will follow at 4:30 PM ET. Additionally, HealthEquity will participate in notable investor conferences, including the Wells Fargo Global Healthcare Conference on September 9, 2021, and the R.W. Baird Global Healthcare Conference on September 14, 2021, with presentations by its CEO and CFO.

HealthEquity, Inc. (NASDAQ: HQY) announced that CEO Jon Kessler received the Glassdoor Employees’ Choice Award for Top CEOs in 2021, achieving a notable approval rating of 94%. This award is based on anonymous feedback from employees, highlighting Kessler's leadership and the company's commitment to a culture of service. HealthEquity serves over 12 million accounts, focusing on connecting health and wealth through health savings accounts. The award underscores the effectiveness of its management during challenging times, including the COVID-19 pandemic.

HealthEquity, Inc. (NASDAQ: HQY) has updated its business outlook, reducing the expected net loss for the fiscal year ending January 31, 2022. The projected net loss has been revised from between $19 million and $15 million to between $12 million and $8 million, translating to a net loss per diluted share of $0.14 to $0.10. This update excludes approximately $10 million in merger integration expenses from its prior forecast. Revenue expectations remain unchanged at $755 million to $765 million, with projected non-GAAP net income of $122 million to $126 million and Adjusted EBITDA between $241 million and $247 million.

HealthEquity reported a Q1 revenue of $184.2 million, down 3% from $190.0 million in Q1 FY21. The company experienced a net loss of $2.6 million, contrasting with net income of $1.8 million last year. Non-GAAP net income stood at $31.0 million, slightly up from $30.8 million. Adjusted EBITDA decreased by 6% to $59.0 million. On a positive note, total HSA assets surged 31% to $15.0 billion, with active HSAs rising 9% year-over-year to 5.8 million. The company aims for revenues between $755 million and $765 million for FY22.

HealthEquity, Inc. (NASDAQ: HQY) has announced that it will release its first quarter fiscal 2022 financial results after market close on June 7, 2021. Following the release, management will host a conference call at 4:30 p.m. ET to discuss the results. The Company is also set to participate in two investor conferences: the R.W. Baird Virtual Global Consumer, Technology & Services Conference on June 8, and the Goldman Sachs 42nd Annual Global Healthcare Conference on June 9, both featuring presentations by CEO Jon Kessler and CFO Tyson Murdock.