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Ehealth, Inc. (EHTH) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

Ehealth, Inc.

CIK: 1333493 Ticker: EHTH

Exhibit 99.1

Picture 1

eHealth, Inc. Announces Fourth Quarter and Fiscal 2012 Results

Fourth Quarter 2012 Overview

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Revenue of $45.3 million, an increase of 5% compared to the fourth quarter of 2011

·

Submitted applications for IFP products increased 10% from the fourth quarter of 2011

·

Total estimated members increased 21% from the fourth quarter of 2011

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Operating income of $4.3 million, compared to operating income of $4.4 million for the fourth quarter of 2011

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GAAP net income of $2.4  million, or $0.11 per diluted share. Fourth quarter 2012 GAAP net income includes a negative impact of $0.3 million or $0.01 per diluted share from an asset impairment charge

·

Cash flows from operations were $5.2 million, an increase of 106% compared to the fourth quarter of 2011

 

MOUNTAIN VIEW, Calif.—February 14, 2013—

eHealth, Inc. (NASDAQ: EHTH), America’s first and largest private health insurance exchange, announced today its financial results for the fourth quarter and fiscal year ended December 31, 2012.

 

Gary Lauer, chief executive officer of eHealth stated, “In 2012 we achieved good progress across the key areas of our business. We returned to annual revenue and GAAP earnings growth after a challenging 2011, completed the transition of our Medicare business to a direct fulfillment model ahead of schedule, and saw a significant improvement in our Individual and Family Plan business.”   

 

Fourth Quarter 2012 Results

 

RevenueRevenue for the fourth quarter of 2012 totaled $45.3 million, a 5% increase compared to revenue of $43.1 million for the fourth quarter of 2011. Commission revenue for the fourth quarter of 2012 totaled $37.3 million, a 19% increase compared to commission revenue of $31.3 million for the fourth quarter of 2011. Medicare revenue was $13.5 million for the fourth quarter of 2012, a 6% increase compared to Medicare revenue of $12.7 million for the fourth quarter of 2011.

 

Submitted ApplicationsSubmitted applications for individual and family products increased 10% in the fourth quarter of 2012 to 113,600 applications, compared to 103,200 applications in the fourth quarter of 2011.

 

MembershipTotal estimated membership at December 31, 2012 was 982,900 members, a 21% increase over estimated membership of 815,500 at December 31, 2011. Estimated individual and family plan membership was 709,700, a 5% increase over estimated membership of 675,000 at December 31, 2011. Estimated Medicare membership was 70,600, a 191% increase over estimated membership of 24,300 at December 31, 2011. Total approved members, including individual and family plan, Medicare plan and other product members, increased 34% to 186,700 members in the fourth quarter of 2012, compared to 139,600 in the fourth quarter of 2011.

 

Income from OperationsOperating income for the fourth quarter of 2012 was $4.3 million, compared to operating income of $4.4 million for the fourth quarter of 2011. Operating margins were 10% in both the fourth quarters of 2012 and 2011. Non-GAAP operating income for the fourth quarter of 2012 was $6.4 million, representing a  decrease of 3% compared to non-GAAP operating income of $6.6 million for the fourth quarter of 2011. Non-GAAP operating margins were 14%  and 15% in the fourth quarters of 2012 and 2011, respectively. Non-GAAP operating income and margins in the fourth quarter of 2012 exclude $0.4 million for an asset impairment charge, $1.3 million of stock-based compensation expense and $0.4 million of intangible asset amortization expense. Non-GAAP operating income and margins in the fourth quarter of 2011 exclude $1.5 million of stock-based compensation expense and $0.8 million of intangible asset amortization expense.

 

 


The following information was filed by Ehealth, Inc. (EHTH) on Thursday, February 14, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Stockholders' Equity
Balance Sheet Accounts
Balance Sheet Accounts (narrative) (details)
Balance Sheet Accounts (schedule Of Accounts Receivable) (details)
Balance Sheet Accounts (schedule Of Cash And Cash Equivalents) (details)
Balance Sheet Accounts (schedule Of Intangible Asset Future Amortization Expense) (details)
Balance Sheet Accounts (schedule Of Intangible Assets) (details)
Balance Sheet Accounts (schedule Of Other Assets) (details)
Balance Sheet Accounts (schedule Of Other Current Liabilities) (details)
Balance Sheet Accounts (schedule Of Prepaid Expenses And Other Current Assets) (details)
Balance Sheet Accounts (schedule Of Property And Equipment) (details)
Balance Sheet Accounts (tables)
Commitments And Contingencies
Commitments And Contingencies (narrative) (details)
Commitments And Contingencies (schedule Of Future Minimum Obligations) (details)
Commitments And Contingencies (tables)
Fair Value Measurements
Fair Value Measurements (narrative) (details)
Income Taxes
Income Taxes (income Tax Rate Reconciliation Schedule) (details)
Income Taxes (narrative) (details)
Income Taxes (schedule Of Components Of Pre-tax Income) (details)
Income Taxes (schedule Of Current And Deferred Income Taxes) (details)
Income Taxes (schedule Of Deferred Tax Assets, Net) (details)
Income Taxes (tables)
Net Income Per Share
Net Income Per Share (schedule Of Anti-dilutive Shares Excluded From Computation Of Net Income Per Share) (details)
Net Income Per Share (schedule Of Computation Of Basic And Diluted Net Income Per Share) (details)
Net Income Per Share (tables)
Operating Segments, Geographic Information And Significant Customers
Operating Segments, Geographic Information And Significant Customers (details)
Operating Segments, Geographic Information And Significant Customers (schedule Of Long-lived Assets By Geographical Area) (details)
Operating Segments, Geographic Information And Significant Customers (schedule Of Revenue By Major Customers) (details)
Operating Segments, Geographic Information And Significant Customers (tables)
Selected Quarterly Financial Data (tables)
Selected Quarterly Financial Data (unaudited)
Selected Quarterly Financial Data Unaudited (schedule Of Selected Quarterly Financial Data) (details)
Stockholders' Equity
Stockholders' Equity (narrative) (details)
Stockholders' Equity (policy)
Stockholders' Equity (schedule Of Fair Value Of Stock Options, Valuation Assumptions) (details)
Stockholders' Equity (schedule Of Option Activity Under Stock Plans) (details)
Stockholders' Equity (schedule Of Restricted Stock Unit Activity Under Stock Plans) (details)
Stockholders' Equity (schedule Of Shares Reserved) (details)
Stockholders' Equity (schedule Of Stock Plan Activity) (details)
Stockholders' Equity (schedule Of Stock Repurchase Activity Under Stock Repurchase Programs) (details)
Stockholders' Equity (schedule Of Stock-based Compensation Expense By Operating Function) (details)
Stockholders' Equity (schedule Of Stock-based Compensation Expense) (details)
Stockholders' Equity (tables)
Subsequent Event
Subsequent Event (narrative) (details)
Summary Of Business And Significant Accounting Policies
Summary Of Business And Significant Accounting Policies (narrative) (details)
Summary Of Business And Significant Accounting Policies (policy)
Summary Of Business And Significant Accounting Policies (schedule Of Property And Equipment Useful Life) (details)
Summary Of Business And Significant Accounting Policies (tables)
Ticker: EHTH
CIK: 1333493
Form Type: 10-K Annual Report
Accession Number: 0001333493-13-000033
Submitted to the SEC: Wed Mar 13 2013 5:30:51 PM EST
Accepted by the SEC: Wed Mar 13 2013
Period: Monday, December 31, 2012
Industry: Insurance Agents Brokers And Service

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