Loading...
•
Jun 30, 2021
eHealth Q2 2021 Earnings Report
Announced results for the second quarter ended June 30, 2021.
Key Takeaways
eHealth, Inc. reported revenue of $96.6 million, a 9% increase compared to the second quarter of 2020. GAAP net loss was $18.4 million, and adjusted EBITDA was $(13.0) million.
Revenue for the second quarter of 2021 was $96.6 million, a 9% increase compared to $88.8 million for the second quarter of 2020.
GAAP net loss for the second quarter of 2021 was $18.4 million compared to $3.4 million for the second quarter of 2020.
Adjusted EBITDA was $(13.0) million for the second quarter of 2021 compared to $3.4 million for the second quarter of 2020 reflecting significant investment in scaling our internal Medicare agent force.
Second quarter 2021 approved members for Medicare Advantage products was 78,569, a 30% increase compared to 60,477 for the second quarter of 2020.
Revenue by Segment
Forward Guidance
The company reaffirmed guidance for the full year ending December 31, 2021, other than GAAP net income per diluted share, segment revenue and segment profit.
Positive Outlook
- Total revenue is expected to be in the range of $660.0 million to $700.0 million.
- GAAP net income is expected to be in the range of $42.0 million to $57.0 million.
- Adjusted EBITDA is expected to be in the range of $110.0 million to $125.0 million.
- Non-GAAP net income per diluted share is expected to be in the range of $2.77 to $3.26 per share.
- Individual, Family and Small Business segment profit is expected to be in the range of $36.0 million to $38.0 million compared to our previous guidance of $19.0 million to $20.0 million.
Challenges Ahead
- GAAP net income attributable to common stockholders per diluted share is expected to be in the range of $0.84 to $1.39 per share, which reflects impacts related to the private placement with H.I.G. Capital.
- Cash used in operations is expected to be in the range of $85.0 million to $95.0 million, and cash used for capital expenditures is expected to be in the range of $24.0 million to $27.0 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...