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Mar 31, 2024
eHealth Q1 2024 Earnings Report
eHealth reported strong first quarter results with total revenue growth and significant year-over-year improvement in profitability metrics and operating cash flow.
Key Takeaways
eHealth, Inc. announced its financial results for the first quarter ended March 31, 2024, showcasing a 26% increase in total revenue compared to Q1 2023. The company also achieved positive operating cash flow for the trailing twelve-months ended March 31, 2024, exceeding its target.
Total revenue for Q1 2024 increased by 26% year-over-year to $93.0 million.
Medicare Advantage approved members increased by 9% to 65,750 compared to Q1 2023.
GAAP net loss for Q1 2024 improved by $2.9 million year-over-year to $17.0 million.
Operating cash flow improved by 16% to $70.8 million for the three months ended March 31, 2024.
Revenue by Segment
Forward Guidance
eHealth reiterates its full year 2024 guidance, with total revenue expected to be in the range of $450 million to $475 million, GAAP net loss between $(40) million and $(20) million, adjusted EBITDA between $(5) million and $20 million, and operating cash flow between $(15) million and $(5) million.
Positive Outlook
- Total revenue is expected to be in the range of $450 million to $475 million.
- GAAP net income (loss) is expected to be in the range of $(40) million to $(20) million.
- Adjusted EBITDA is expected to be in the range of $(5) million to $20 million.
- Operating cash flow is expected to be in the range of $(15) million to $(5) million.
- Mid-point of 2024 guidance reflects approximately 12% year-over-year total revenue growth.
Challenges Ahead
- Actual results may be materially different and are affected by risk factors and uncertainties.
- Guidance includes the expected impact of positive net adjustment revenue in the range of $0 to $15 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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