EHealth, Inc. Provides Financial Guidance for the Fourth Quarter Ended December 31, 2018 and Revises Financial Guidance for the Year Ended December 31, 2018 and Provides Financial Guidance for the Year Ended December 31, 2019
January 22, 2019 at 04:30 pm EST
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eHealth, Inc. provided financial guidance for the fourth quarter ended December 31, 2018 and revised financial guidance for the year ended December 31, 2018 and provided financial guidance for the year ended December 31, 2019. Revenue for the fourth quarter of 2018 is expected to be in the range of $133.5 million to $135.5 million. GAAP net income for the fourth quarter of 2018 is expected to be in the range of $24.3 million to $27.3 million.
For the year ended December 31, 2018, the company anticipates revenue to be in the range of $250 million to $252 million as compared to the company's guidance of $217.5 million to $227.5 million. The company anticipates GAAP net loss for the year ended December 31, 2018 to be in the range of $1.5 million to GAAP net profit of $1.5 million as compared to the company's guidance of $1.6 million to $6.6 million.
For the full year ending December 31, 2019, total revenue is expected to be in the range of $290 million to $310 million. GAAP net income is expected to be in the range of $16.3 million to $21.3 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.
EHealth, Inc. Provides Financial Guidance for the Fourth Quarter Ended December 31, 2018 and Revises Financial Guidance for the Year Ended December 31, 2018 and Provides Financial Guidance for the Year Ended December 31, 2019