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EX - 99.1 2 a2021q2ex991 - earningspress.htm EX - 99.1 HealthCatalyst SALT LAKE CITY , UT , August 5 , 2021 Health Catalyst , Inc. ( " Health Catalyst , " Nasdaq : HCAT ) , a leading provider of data and analytics technology and services to healthcare organizations , today reported financial results for the quarter ended June 30 , 2021 . Health Catalyst Reports Second Quarter 2021 Results " In the second quarter of 2021 , I am pleased to share that we achieved strong performance across our business , including exceeding the mid point of our quarterly guidance for both revenue and Adjusted EBITDA . Our second quarter 2021 Adjusted EBITDA performance of $ 1.7 million represents the first time since the company's incorporation that we have achieved positive quarterly Adjusted EBITDA , " said Dan Burton , CEO of Health Catalyst . " Additionally , we are excited to have closed our recent acquisition of Twistle on July 1 , 2021. We anticipate Twistle will meaningfully bolster our Population Health analytics application suite , as healthcare organizations increasingly look for a comprehensive Population Health solution . This is particularly important as healthcare organizations begin to normalize operations outside of COVID - 19 , with many reprioritizing their transition to value - based care models and optimizing care delivery in virtual settings . We are thrilled to welcome our highly talented Twistle teammates to Health Catalyst , further enabling our mission to be the catalyst for massive , measurable , data - informed healthcare improvement . " Financial Highlights for the Three Months Ended June 30 , 2021 Key Financial Metrics GAAP Financial Data : Technology revenue Professional services revenue Total revenue Loss from operations Net loss Other Non - GAAP Financial Data : ( ¹ ) Adjusted Technology Gross Profit Adjusted Technology Gross Margin Adjusted Professional Services Gross Profit Adjusted Professional Services Gross Margin Total Adjusted Gross Profit Total Adjusted Gross Margin Adjusted EBITDA $ $ $ $ $ $ $ $ $ Three Months Ended June 30 , 2021 2020 ( in thousands , exceptpercentages , unaudited ) 35,529 $ 25,487 24,098 17,772 59,627 $ 43,259 ( 15,640 ) ( 27,183 ) ( 32,319 ) $ ( 35,834 ) $ 24,256 $ 68 % 8,174 $ 34 % 32,430 $ 54 % 1,661 $ 17,493 69 % 3,730 21 % Exhibit 99.1 21,223 49 % ( 4,188 ) Year over Year Change 39 % 36 % 38 % ( 107 ) % ( 32 ) % 39 % 119 % 53 % 140 % ( 1 ) These measures are not calculated in accordance with generally accepted accounting principles in the United States ( GAAP ) . See the accompanying " Non - GAAP Financial Measures " section below for more information about these financial measures , including the limitations of such measures , and for a reconciliation of each measure to the most directly comparable measure calculated in accordance with GAAP .