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Jun 30, 2024
eHealth Q2 2024 Earnings Report
Reported strong second quarter results driven by Medicare segment growth and raised 2024 annual guidance.
Key Takeaways
eHealth, Inc. reported Q2 2024 results with a total revenue of $65.9 million, a 1% decrease year-over-year. However, non-GAAP total revenue excluding net adjustment revenue increased by 13%. Medicare submissions grew by 16% and Medicare Advantage LTV increased by 4%. The company revised its full year 2024 guidance upwards.
Total revenue decreased by 1% year-over-year to $65.9 million.
Non-GAAP total revenue excluding net adjustment revenue increased by 13% year-over-year.
Medicare submissions grew by 16% compared to Q2 2023.
Medicare Advantage LTV increased by 4% to $927.
Revenue by Segment
Forward Guidance
eHealth revised its full year 2024 guidance based on information available as of August 7, 2024.
Positive Outlook
- Total revenue is expected to be in the range of $470.0 million to $495.0 million compared to prior guidance of $450.0 million to $475.0 million.
- GAAP net income (loss) is expected to be in the range of $(36.5) million to $(22.0) million compared to prior guidance of $(40.0) million to $(20.0) million.
- Adjusted EBITDA is expected to be in the range of $7.5 million to $25.0 million compared to prior guidance of $(5.0) million to $20.0 million.
- Operating cash flow is expected to be in the range of $(10.0) million to $0.0 million compared to prior guidance of $(15.0) million to $(5.0) million.
- The above guidance includes the expected impact of positive net adjustment revenue in the range of $14 to $20 million, compared to prior guidance impact of positive net adjustment revenue in the range of $0 to $15 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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