EHealth, Inc. Announces Preliminary Earnings Results for the Fourth Quarter and Fiscal Year 2017
January 16, 2018 at 04:10 pm EST
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eHealth, Inc. announced preliminary earnings results for the fourth quarter and fiscal year 2017. Revenue for the fourth quarter of 2017 is expected to be in the range of $39 million to $40 million. GAAP net loss for the fourth quarter of 2017 is expected to be in the range of $23.5 million to $22.5 million. Adjusted EBITDA for the fourth quarter of 2017 is expected to be in the range of $19.3 million to $18.3 million. The company anticipates depreciation and amortization expense to be in the range of $0.6 million to $0.6 million. The company anticipates provision for income taxes to be in the range of $0.1 million to $0.1 million.
For the year ended December 31, 2017 eHealth anticipates revenue to be in the range of $172.5 to $173.5 million as compared to the company’s guidance of $165 to $175 million. The company anticipates GAAP net loss for the year ended December 31, 2017 to be in the range of $28.0 million to $27.0 million as compared to the company’s guidance of $29.8 to $27.8 million. The company anticipates Adjusted EBITDA for the year ended December 31, 2017 to be in the range of $15.5 million to $14.5 million as compared to the company’s guidance of $16.1 million to $14.1 million. The company anticipates depreciation and amortization expense to be in the range of $9.7 million to $9.7 million. The company anticipates benefit for income taxes to be in the range of $1.3 million to $1.3 million.
eHealth, Inc. is an independent licensed insurance agency and advisor. The Company provides a private online health insurance marketplace with a technology and service platform that provides consumer engagement, education, and health insurance enrollment solutions. Its segments include Medicare and Employer and Individual. It markets a large selection of Medicare-related health insurance plans and, to a lesser extent, ancillary products, such as dental and vision insurance and indemnity plans, to its Medicare-eligible consumers. Its Medicare e-commerce platform, which can be accessed through its Websites (www.eHealthMedicare.com, www.PlanPrescriber.com and www.GoMedigap.com), and telephonic enrollment capabilities enable consumers to research, compare and purchase Medicare-related health insurance plans. It markets individual and family health insurance plans (IFP) and small business health insurance plans through its e-commerce platform, which can be accessed through its Websites.