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HealthEquity Sets Date to Announce Second Quarter Results Fiscal Year 2019

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DRAPER, Utah, Aug. 14, 2018 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ:HQY) ("HealthEquity" or the "Company"), the nation's largest independent health savings account (HSA) custodian, today announced its plans to release financial results for its second quarter of fiscal year 2019, following the close of regular stock market trading hours on Tuesday, September 4, 2018. Following the news release, HealthEquity management plans to host a conference call for investors on Tuesday, September 4, 2018, at 5:00 p.m. ET during which management will review highlights from the Company's second quarter fiscal year 2019 results.

HealthEquity's Second Quarter Fiscal Year 2019 Conference Call
Date: September 4, 2018
Time: 5:00 p.m. Eastern Time / 3:00 p.m. Mountain Time
Dial-In: 1-844-791-6252 (US and Canada)
  1-661-378-9636 (International)
Conference ID: 8588717
Webcast: ir.healthequity.com

The Company also announced that it plans to participate at the following upcoming investor conferences:

Wells Fargo 2018 Healthcare Conference
Date: September 5, 2018
Time: 9:05 AM Eastern Time
Location: Boston Westin Copley Place
Presenters: Jon Kessler, President and CEO and Darcy Mott, EVP and CFO
Webcast: ir.healthequity.com
   
RW Baird 2018 Global Healthcare Conference
Date: September 6, 2018
Time: 11:25 AM Eastern Time
Location: InterContinental New York Barclay
Presenters: Jon Kessler, President and CEO and Darcy Mott, EVP and CFO
Webcast: None

About HealthEquity
HealthEquity connects health and wealth, delivering health savings account (HSA), 401(k) and other consumer driven health and retirement solutions in partnership with over 40,000 employers and 124 health plans and administrators nationwide. HealthEquity members have access to its end-to-end platform and remarkable "purple" service to become consumers of healthcare while building health and retirement savings for tomorrow. HealthEquity is the custodian for $6.9 billion in assets for 3.5 million HSA members nationwide. 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, 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," "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:

  • our ability to compete effectively in a rapidly evolving healthcare industry;
  • our dependence on the continued availability and benefits of tax-advantaged health savings accounts;
  • the significant competition we face and may face in the future, including from those with greater resources than us;
  • cybersecurity breaches of our platform 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, investment advisor and other laws applicable to our business;
  • our reliance on partners and third party vendors for distribution and important services;
  • our ability to successfully identify, acquire and integrate additional portfolio purchases or acquisition targets;
  • our ability to develop and implement updated features for our platform 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 most recent Annual Report on Form 10-K 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. These 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
801-727-1209
rputnam@healthequity.com

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