eHealth announced preliminary, unaudited financial results and select operating metrics for the Q4 and FY22. Sees FY22 revenue $395M-$405M as compared to the company’s guidance of $375M-$395M. Consensus is for FY22 revenue $385.56M. Sees Q4 GAAP net income $16M-$21M. Sees FY22 GAAP net loss $93M-$88M as compared to the company’s guidance of $115M-$92M. Sees Q4 adjusted EBITDA $40M-$50M. Total cash outflow for the year ended December 31, 2022 is expected to be $44M as compared to the company’s guidance of $110M-$90M. "eHealth’s Q4 quarter results reflect the transformational initiatives that we implemented in 2022 across all key areas of the company. During the fourth quarter Annual Enrollment Period, our company helped thousands of Americans shop for and enroll in healthcare plans that we believe represent an optimal match for them based on their personal preferences, healthcare needs, and budgets. We were able to do so while exceeding our cost reduction goals and significantly improving the efficiency of our sales and marketing organizations by emphasizing our most profitable marketing channels and enhancing agent productivity," said Fran Soistman, CEO.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on EHTH:
- EHTH Surges after Better-than-Expected Preliminary Results
- eHealth, Inc. Announces Preliminary Results for the Fourth Quarter and Fiscal Year 2022
- eHealth appoints Ketan Babaria as Chief Digital Officer
- Street Wrap: Today’s Top 15 Upgrades, Downgrades, Initiations
- Craig-Hallum upgrades eHealth to Buy on ‘clear signs of life’