HealthEquity Sets Date to Announce Second Quarter Results Fiscal Year 2020

DRAPER, Utah, Aug. 13, 2019 (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 2020, following the close of regular stock market trading hours on Tuesday, September 3, 2019. Following the news release, HealthEquity management plans to host a conference call for investors on Tuesday, September 3, 2019, at 5:00 p.m. ET during which management will review highlights from the Company’s second quarter and year-to-date fiscal year 2020 results.

HealthEquity’s Second Quarter Fiscal Year 2020 Conference Call

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

Wells Fargo 2019 Healthcare Conference

Baird’s 2019 Global Healthcare Conference

About HealthEquity

HealthEquity connects health and wealth, delivering health savings account (HSA) and other consumer driven health and retirement solutions in partnership with over 45,000 employers and 141 health, retirement and other benefit plan providers 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 of $8.3 billion in assets for 4.1 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 the proposed release of the Company’s financial results for its second quarter of fiscal year 2020 and the Company’s plans to participate in upcoming investor conferences. 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 conditions to the completion of the proposed transaction between the Company and WageWorks, Inc. (“WageWorks”), including the receipt of approval of the stockholders of WageWorks;
• our ability to finance the proposed transaction and our ability to generate sufficient cash flows to service and repay such debt;
• our ability to successfully integrate WageWorks’ operations with our own operations;
• the significant competition we face and may face in the future, including from those with greater resources than us;
• recent and potential future 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