Docoh
Loading...

STRM Streamline Health Solutions

Streamline Health Solutions, Inc. engages in the provision of transformational data-driven solutions for healthcare organizations. It solutions includes health information management (HIM), Coding and CDI; evaluator coding analysis platform; financial management; and patient care. It also offers audit, custom integration, training, electronic image conversion, and database monitoring services. The company was founded by J. Brian Patsy in October 1989 and is headquartered in Alpharetta, GA.

Company profile

Ticker
STRM
Exchange
CEO
Wyche Green
Employees
Incorporated
Location
Fiscal year end
Former names
LANVISION SYSTEMS INC, STREEAMLINE HEALTH SOLUTIONS INC.
SEC CIK
IRS number
311455414

STRM stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

10 Dec 20
18 Apr 21
31 Jan 22
Quarter (USD)
Oct 20 Jul 20 Apr 20 Oct 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jan 20 Jan 19 Jan 18 Jan 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 3.03M 3.03M 3.03M 3.03M 3.03M 3.03M
Cash burn (monthly) 892K (positive/no burn) 624.67K 537K (positive/no burn) (positive/no burn)
Cash used (since last report) 5.01M n/a 3.51M 3.02M n/a n/a
Cash remaining -1.98M n/a -477.04K 15.29K n/a n/a
Runway (months of cash) -2.2 n/a -0.8 0.0 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
17 Mar 21 Garvis William George Common Stock, $0.01 par value Payment of exercise Dispose F No No 2.26 7,437 16.81K 288,549
17 Mar 21 Garvis William George Common Stock, $0.01 par value Payment of exercise Dispose F No No 2.26 7,437 16.81K 288,549
17 Mar 21 Salisbury Randolph Common Stock, $0.01 par value Payment of exercise Dispose F No No 2.26 7,525 17.01K 338,677
4 Mar 21 Wyche T Green III Common Stock, $0.01 par value Grant Aquire A No No 0 150,000 0 651,650
4 Mar 21 Garvis William George Common Stock, $0.01 par value Grant Aquire A No No 0 100,000 0 295,986

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

8.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 1 31 -96.8%
Opened positions 0 3 EXIT
Closed positions 30 4 +650.0%
Increased positions 0 6 EXIT
Reduced positions 0 6 EXIT
13F shares
Current Prev Q Change
Total value 4.3M 21.6M -80.1%
Total shares 2.75M 13.84M -80.1%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Nantahala Capital Management 2.75M $4.3M 0.0%
Largest transactions
Shares Bought/sold Change
Tamarack Advisers 0 -4.31M EXIT
Harbert Fund Advisors 0 -3.34M EXIT
G2 Investment Partners Management 0 -729.95K EXIT
BLK Blackrock 0 -443.33K EXIT
Perkins Capital Management 0 -433.75K EXIT
Renaissance Technologies 0 -326.88K EXIT
Raymond James Financial Services Advisors 0 -276.46K EXIT
Vanguard 0 -269.78K EXIT
Millennium Management 0 -162.4K EXIT
Johnson Investment Counsel 0 -135K EXIT

Financial report summary

?
Management Discussion
  • Proprietary software and term licenses — Proprietary software revenue recognized for the three months ended and nine months ended October 31, 2020 decreased by $617,000 and $734,000 over their respective prior comparable periods. The Company is able to influence sales of these products; however, the timing is difficult to manage as sales generally result from our distribution partners, certain delays in contracting for systems sales are a result of the COVID-19. The Company is unable to ascertain the extent of the impact of COVD-19 on the Company’s on-ongoing performance relative to perpetual software sales.
  • Professional services — For the three- and nine-month periods ended October 31, 2020, revenues from professional services decreased by $264,000 and $562,000 from the prior comparable period. This decrease in professional services revenue is primarily due to the timing of completion of a few, large, professional services agreements in fiscal year 2019. Additionally, the lower professional services in the current period was a result of COVID-19 as it delayed customers’ ability to staff projects during 2020. The Company is unable to ascertain the extent of the impact of COVID-19 on the Company’s on-ongoing performance relative to professional services.
  • Audit services — Audit services revenue for the three-month period ended October 31, 2020 decreased by $26,000, and for the nine-month period ended October 31, 2020, increased by $232,000 over the prior comparable periods. The Company realized higher demand for audit services in the fourth quarter of 2019, and that higher demand continued into the first half of 2020. The Company’s expertise, demonstrated and supported by eValuator, and the fact that our professional staff is onshore is believed to be a competitive advantage with regard to the audit services. We did experience a temporary reduction in volumes for approximately 45 days from certain customers that were primarily physician based, as a result of COVID-19. This occurred late in the first quarter and early in the second quarter of fiscal 2020. Volumes showed signs of recovery toward the end of the second quarter and continued through the third quarter of fiscal 2020 with some customers increasing the number of requested encounters to be audited. The Company has customer opportunities in the market combining the eValuator technology with audit services to provide customers with a comprehensive solution (“a technology enabled service”).
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: arose, behalf, settlement, shortly
Removed: enter, waiver