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STRM Streamline Health Solutions

Streamline Health Solutions, Inc. is a leader in pre-bill revenue integrity solutions for healthcare providers. Its eValuator™ Revenue Integrity Program includes integrated solutions, technology-enabled services and analytics that drive compliant revenue and improved financial performance across the enterprise. The company shares a common calling and commitment to advance the quality of life and the quality of healthcare - for society, its clients, the communities they serve, and the individual patient.

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

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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

9 Jun 21
2 Aug 21
31 Jan 22
Quarter (USD)
Apr 21 Jan 21 Oct 20 Jul 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jan 21 Jan 20 Jan 19 Jan 18
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) 16.73M 16.73M 16.73M 16.73M 16.73M 16.73M
Cash burn (monthly) (positive/no burn) (positive/no burn) 818.33K 574.58K 159.33K 36.33K
Cash used (since last report) n/a n/a 2.55M 1.79M 496.52K 113.22K
Cash remaining n/a n/a 14.18M 14.94M 16.23M 16.61M
Runway (months of cash) n/a n/a 17.3 26.0 101.9 457.3

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
17 Jun 21 Gibson Thomas J. Common Stock, $0.01 par value Payment of exercise Dispose F No No 1.85 7,526 13.92K 351,704
17 Jun 21 Salisbury Randolph Common Stock, $0.01 par value Payment of exercise Dispose F No No 1.85 7,526 13.92K 323,625
17 Jun 21 Garvis William George Common Stock, $0.01 par value Payment of exercise Dispose F No No 1.85 7,526 13.92K 273,497
4 Jun 21 Garvis William George Common Stock, $0.01 par value Payment of exercise Dispose F No No 1.93 7,526 14.53K 281,023
4 Jun 21 Gibson Thomas J. Common Stock, $0.01 par value Payment of exercise Dispose F No No 1.93 7,526 14.53K 359,230

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

54.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 35 1 +3400.0%
Opened positions 35 0 NEW
Closed positions 1 30 -96.7%
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 46.59M 4.3M +984.5%
Total shares 22.92M 2.75M +732.3%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Tamarack Advisers 4.93M $10.11M NEW
Harbert Fund Advisors 3.97M $8.13M NEW
Harbert Discovery Fund 3.97M $7.78M NEW
Perkins Capital Management 1.98M $4.06M NEW
Roumell Asset Management 1.89M $3.88M NEW
Punch & Associates Investment Management 1.39M $2.85M NEW
Vanguard 1.02M $2.1M NEW
Herald Investment Management 475K $978K NEW
BLK Blackrock 448.2K $918K NEW
Endurant Capital Management 388.42K $796K NEW
Largest transactions
Shares Bought/sold Change
Tamarack Advisers 4.93M +4.93M NEW
Harbert Fund Advisors 3.97M +3.97M NEW
Harbert Discovery Fund 3.97M +3.97M NEW
Nantahala Capital Management 0 -2.75M EXIT
Perkins Capital Management 1.98M +1.98M NEW
Roumell Asset Management 1.89M +1.89M NEW
Punch & Associates Investment Management 1.39M +1.39M NEW
Vanguard 1.02M +1.02M NEW
Herald Investment Management 475K +475K NEW
BLK Blackrock 448.2K +448.2K NEW

Financial report summary

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Management Discussion
  • Software licenses — Proprietary software revenue recognized for the three-month ended April 30, 2021 increased by $135,000 over the prior comparable period as there were no perpetual license sales of our Streamline Health® Abstracting™ solution in the first quarter of fiscal year 2020. 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 COVID-19. The Company continues to be unable to estimate the timing or extent of the impact of COVD-19 on the Company’s ongoing performance relative to perpetual software sales.
  • Professional services — For the three-month period ended April 30, 2021, revenue from professional services decreased by $74,000 from the prior comparable period. The lower professional service revenue was a result of COVID-19 as it continues to delay customer decisions to resume contracted software implementation projects during the quarter. The Company continues to be unable to estimate the timing or extent of the impact of COVD-19 on the Company’s ongoing performance relative to professional services.
  • Audit services — Audit services revenue for the three-months ended April 30, 2021 decreased by $40,000 over the prior comparable period. The Company realized a steady demand for audit services throughout fiscal year 2020, and that demand has continued into the first quarter of fiscal year 2021. 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. 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
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