HealthEquity Sets Date to Announce Fourth Quarter and Fiscal Year End Results

Rhea-AI Summary

HealthEquity, Inc. (NASDAQ: HQY) will release its fourth quarter and fiscal year 2023 financial results on March 21, 2023, after market close. Following the release, the management will hold a conference call at 4:30 p.m. ET to discuss the results. Investors can join the call by dialing 1-833-630-1956 (toll-free) or via the webcast link provided. Additionally, HealthEquity will participate in the KeyBanc Virtual Life Sciences & MedTech Investor Forum on March 22, 2023, at 1:30 p.m. ET. The company, recognized as the largest HSA custodian, manages nearly 15 million accounts with a mission to connect health and wealth.

DRAPER, Utah, March 02, 2023 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ: HQY) (“HealthEquity” or the “Company”), the nation’s largest health savings account (“HSA") custodian, today announced plans to release its fourth quarter and year-end fiscal 2023 financial results following the close of regular stock market trading hours on Tuesday, March 21, 2023. Following the news release, HealthEquity management plans to host a conference call for investors on Tuesday, March 21, 2023, at 4:30 p.m. ET during which management will review the Company’s financial results.

HealthEquity Fourth Quarter and Fiscal Year End 2023 Results Conference Call
Date:	March 21, 2023
Time:	4:30 p.m. Eastern Time / 2:30 p.m. Mountain Time
Dial-in:	1-833-630-1956 (toll free); 1-412-317-1837 (international)
Conference ID:	HealthEquity, Inc. call
Webcast:	ir.healthequity.com

The Company also announced that its management team plans to virtually present and meet with investors at the following upcoming investor conference:

KeyBanc Virtual Life Sciences & MedTech Investor Forum
Date:	March 22, 2023
Time:	1:30 pm Eastern Time
Webcast:	none

About HealthEquity
HealthEquity is the leading provider of Health Savings Accounts (HSAs) and other consumer-directed benefits for nearly 15 million accounts in partnership with employers, benefits advisors, and health and retirement plan providers who share our mission to connect health and wealth and value our culture of remarkable “Purple” service. For more information, visit www.healthequity.com.

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our industry, business strategy, plans, goals and expectations concerning our markets and market position, product expansion, future operations, expenses and other results of operations, revenue, margins, profitability, acquisition synergies, future efficiencies, tax rates, capital expenditures, liquidity and capital resources and other financial and operating information. When used in this discussion, the words “may,” “believes,” “intends,” “seeks,” “aims,” “anticipates,” “plans,” “estimates,” “expects,” “should,” “assumes,” “continues,” “could,” “will,” “future” and the negative of these or similar terms and phrases are intended to identify forward-looking statements in this press release.

Forward-looking statements reflect our current expectations regarding future events, results or outcomes. These expectations may or may not be realized. Although we believe the expectations reflected in the forward-looking statements are reasonable, we can give you no assurance these expectations will prove to be correct. Some of these expectations may be based upon assumptions, data or judgments that prove to be incorrect. Actual events, results and outcomes may differ materially from our expectations due to a variety of known and unknown risks, uncertainties and other factors. Although it is not possible to identify all of these risks and factors, they include, among others, risks related to the following:

• the impact of societal and economic changes arising out of the COVID-19 pandemic on the Company, its operations and its financial results;
• our ability to realize the anticipated financial and other benefits from combining the operations of recent and future acquisitions with our business successfully;
• our ability to compete effectively in a rapidly evolving healthcare and benefits administration industry;
• our dependence on the continued availability and benefits of tax-advantaged health savings accounts and other consumer-directed benefits;
• our ability to successfully identify, acquire and integrate additional portfolio purchases or acquisition targets;
• the significant competition we face and may face in the future, including from those with greater resources than us;
• our reliance on the availability and performance of our technology and communications systems;
• potential future cybersecurity breaches of our technology and communications systems and other data interruptions, including resulting costs and liabilities, reputational damage and loss of business;
• the current uncertain healthcare environment, including changes in healthcare programs and expenditures and related regulations;
• our ability to comply with current and future privacy, healthcare, tax, ERISA, investment adviser and other laws applicable to our business;
• our reliance on partners and third-party vendors for distribution and important services;
• our ability to develop and implement updated features for our technology and communications systems and successfully manage our growth;
• our ability to protect our brand and other intellectual property rights; and
• our reliance on our management team and key team members.

For a detailed discussion of these and other risk factors, please refer to the risks detailed in our filings with the Securities and Exchange Commission, including, without limitation, our Annual Report on Form 10-K for the fiscal year ended January 31, 2022 and subsequent periodic and current reports. Past performance is not necessarily indicative of future results. We undertake no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.

Investor Relations Contact:
Richard Putnam
801-231-0697
rputnam@healthequity.com

FAQ

When will HealthEquity release its Q4 and fiscal year 2023 results?

HealthEquity will release its Q4 and fiscal year 2023 financial results on March 21, 2023.

What time is the HealthEquity conference call to discuss financial results?

The conference call to discuss HealthEquity's financial results is scheduled for 4:30 p.m. ET on March 21, 2023.

How can I join the HealthEquity conference call?

You can join the HealthEquity conference call by dialing 1-833-630-1956 (toll-free) or by accessing the webcast link provided in the press release.

Will HealthEquity participate in any investor conferences?

Yes, HealthEquity will participate in the KeyBanc Virtual Life Sciences & MedTech Investor Forum on March 22, 2023, at 1:30 p.m. ET.

What is the significance of HealthEquity being the largest HSA custodian?

HealthEquity's position as the largest HSA custodian highlights its substantial market share and potential for growth in the health savings account space, managing nearly 15 million accounts.