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Dec 31, 2019
eHealth Q4 2019 Earnings Report
Announced results for the fourth quarter and fiscal year ended December 31, 2019.
Key Takeaways
eHealth, Inc. reported a significant increase in revenue for the fourth quarter of 2019, with a 124% increase compared to the same period in 2018. GAAP net income also saw a substantial rise, and adjusted EBITDA increased significantly. The company's Medicare enrollment volumes grew, and the number of major medical Medicare applications submitted online through their platform increased.
Revenue for Q4 2019 was $301.7 million, a 124% increase year-over-year.
GAAP net income for Q4 2019 was $88.8 million, compared to $26.1 million in Q4 2018.
Adjusted EBITDA for Q4 2019 was $142.6 million, compared to $51.9 million in Q4 2018.
Approved members for all Medicare products grew 88% compared to Q4 2018.
Revenue by Segment
Forward Guidance
eHealth provided guidance for the full year ending December 31, 2020, anticipating continued growth and profitability.
Positive Outlook
- Total revenue is expected to be in the range of $580.0 million to $620.0 million.
- Revenue from the Medicare segment is expected to be in the range of $533.0 million to $569.0 million.
- Revenue from the Individual, Family and Small Business segment is expected to be in the range of $47.0 million to $51.0 million.
- Adjusted EBITDA is expected to be in the range of $120.0 million to $135.0 million.
- GAAP net income is expected to be in the range of $68.0 million to $83.0 million.
Challenges Ahead
- Cash used in operations is expected to be in the range of $52.0 million to $55.0 million.
- Cash used for capital expenditures is expected to be $18.0 million to $20.0 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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