Streamline Health Solutions Reports Strong Financial Results for Q2 FY2023

Streamline Health Solutions (NASDAQ: STRM) has reported its financial results for the second quarter of fiscal year 2023, ending on June 12, 2023. The healthcare technology company has shown a significant improvement in its financial performance, with a quarterly loss of $(0.04) per share, which is a notable improvement from the $(0.05) per share loss reported in the same period last year.

The company’s quarterly sales have also shown an upward trend, with $6.75 million in revenue, representing an 11.56% increase over sales of $6.05 million in the same period last year. The sales also surpassed the analyst consensus estimate of $6.63 million by 1.73%, indicating a strong market position for Streamline Health Solutions.

The company’s SaaS revenue has also experienced growth, with a $0.3 million or 12% increase compared to the first quarter of fiscal 2022. This growth is a testament to the company’s innovative healthcare technology solutions, which have been well received in the market.

According to Simply Wall St, Streamline Health Solutions’ earnings per share and revenues have exceeded analyst expectations for the full year 2023. This is a positive indication of the company’s continued growth and success in the healthcare technology industry.

Streamline Health Solutions, Inc.



Updated on: 12/06/2023

Price Target

Current $1.60

Concensus $0.00

Low $0.00

Median $0.00

High $0.00

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Social Sentiments

12:00 PM (UTC)

Date:12 June, 2023

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Analyst Ratings

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STRM Stock: Opening at $1.60 with Positive Earnings Growth and Revenue Growth

On June 12, 2023, STRM stock opened at $1.60, higher than the previous day’s closing price of $1.47. Throughout the day, the stock price fluctuated between a low of $1.41 and a high of $1.60, with a trading volume of 3,193. STRM’s market capitalization was $83.2 million, and the company’s earnings growth for the last year was -50.98%. However, the earnings growth for this year was +23.91%, and the projected earnings growth for the next five years was +15.00%. The revenue growth for the last year was +43.21%. STRM belonged to the Technology Services sector and the Information Technology Services industry, with corporate headquarters located in Alpharetta, Georgia. The next reporting date was June 13, 2023, with an EPS forecast for this quarter of -$0.06. The company’s annual revenue for the last year was $24.9 million, and the annual profit for the last year was -$11.4 million, resulting in a net profit margin of -45.72%.

Streamline Health Solutions Inc (STRM) Stock Forecast: Analysts Predict 91.08% Increase to $3.00 Target Price

On June 12, 2023, Streamline Health Solutions Inc (STRM) stock had a median target price of $3.00, according to two analysts offering 12-month price forecasts. This represents a 91.08% increase from the last price of $1.57. The high and low estimates were also $3.00, indicating a consensus among the analysts.


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