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Sep 30, 2024
eHealth Q3 2024 Earnings Report
eHealth reported revenue and profitability targets, with Medicare application volume growth and AEP preparations completed.
Key Takeaways
eHealth, Inc. announced its Q3 2024 financial results, achieving revenue and profitability targets while experiencing growth in Medicare application volume. Total revenue decreased by 10% year-over-year to $58.4 million, while Medicare submissions grew by 22%. The company reiterated its full-year 2024 guidance.
Medicare submissions across core agency and Amplify platforms grew 22% year-over-year.
Total Medicare approved members increased 6% year-over-year.
Total revenue decreased 10% year-over-year to $58.4 million.
GAAP net loss of $42.5 million increased 15% year-over-year.
Revenue by Segment
Forward Guidance
eHealth reiterates its full year ending December 31, 2024 guidance.
Positive Outlook
- Total revenue is expected to be in the range of $470.0 million to $495.0 million.
- GAAP net income (loss) is expected to be in the range of $(36.5) million to $(22.0) million.
- Adjusted EBITDA is expected to be in the range of $7.5 million to $25.0 million.
- Operating cash flow is expected to be in the range of $(10.0) million to $0.0 million.
- Mid-point of 2024 guidance reflects approximately 15% growth in Non-GAAP total revenue excluding net adjustment revenue.
Challenges Ahead
- Actual results may be materially different and are affected by the risk factors and uncertainties.
- The above guidance includes the expected impact of positive net adjustment revenue in the range of $14 to $20 million.
- The guidance is based on information available as of November 6, 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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