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Ehealth, Inc. (EHTH) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

Ehealth, Inc.

CIK: 1333493 Ticker: EHTH

Exhibit 99.1

eHealth_logo®-72ppi.jpg

eHealth, Inc. Announces Fourth Quarter and Fiscal 2013 Results

Fourth Quarter 2013 Overview

·

Revenue of $54.2 million, an increase of 20% compared to the fourth quarter of 2012

·

Submitted applications for IFP products increased 49.5% from the fourth quarter of 2012

·

Total estimated members increased 27% from the fourth quarter of 2012

·

GAAP operating loss of $2.6 million compared to GAAP operating income of $4.3 million for the fourth quarter of 2012

·

GAAP net loss of $2.0 million, or $(0.11) per diluted share compared to GAAP net income of $2.4 million, or $0.11 per diluted share for the fourth quarter of 2012

·

Non-GAAP net loss of $0.3 million, or $(0.01) per diluted share, compared to non-GAAP net income of $3.9 million, or $0.18 per diluted share for the fourth quarter of 2012 

·

Cash flows from operations were $6.2 million, an increase of 18% compared to the fourth quarter of 2012

 

MOUNTAIN VIEW, Calif.—February 20, 2014—

eHealth, Inc. (NASDAQ: EHTH), the nation’s first and largest private health insurance exchange, announced today its financial results for the fourth quarter and fiscal year ended December 31, 2013.

 

Gary Lauer, chief executive officer of eHealth stated, “Our quarterly and annual performance reflect strong membership and revenue growth across our key product areas including Individual & Family, Medicare and Ancillary products, as well as increased spend related to the Affordable Care Act implementation and other growth opportunities.”

 

Fourth Quarter 2013 Results

 

RevenueRevenue for the fourth quarter of 2013 totaled $54.2 million, a 20% increase compared to revenue of $45.3 million for the fourth quarter of 2012. Commission revenue for the fourth quarter of 2013 totaled $44.2 million, an 18% increase compared to commission revenue of $37.3 million for the fourth quarter of 2012. Medicare revenue was $16.1 million for the fourth quarter of 2013, an 18% increase compared to Medicare revenue of $13.6 million for the fourth quarter of 2012.

 

Submitted ApplicationsSubmitted applications for Individual & Family Plan product increased 49.5%  in the fourth quarter of 2013 to 169,800 applications, compared to 113,600 applications in the fourth quarter of 2012. Submitted applications for Medicare products increased 68% in the fourth quarter of 2013 to 53,000 applications, compared to 31,600 applications in the fourth quarter of 2012.  Submitted applications for Medicare Advantage product increased 37% in the fourth quarter of 2013 to 30,100 applications, compared to 21,900 applications in the fourth quarter of 2012. Approved members for Individual & Family Plan product increased 34% in the fourth quarter of 2013 to 125,300 members, compared to 93,600 members in the fourth quarter of 2012. Total approved members, including individual and family plan, Medicare plan and other product members, increased 43% to 266,600 members in the fourth quarter of 2013, compared to 186,700 in the fourth quarter of 2012.

 

Membership—Total estimated membership at December 31, 2013 was 1,244,900 members, a 27% increase over estimated membership of 982,900 at December 31, 2012. Estimated individual and family plan membership was 796,100, a 12% increase over estimated membership of 709,700 at December 31, 2012. Estimated Medicare membership was 118,200, a 67% increase over estimated membership of 70,600 at December 31, 2012.

 

Income (Loss) from OperationsOperating loss for the fourth quarter of 2013 was $2.6 million, compared to operating income of $4.3 million for the fourth quarter of 2012. Operating margins were (5)% and 10% in the

 


The following information was filed by Ehealth, Inc. (EHTH) on Thursday, February 20, 2014 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 Non-current Liabilities) (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
Income Taxes
Income Taxes (income Tax Rate Reconciliation Schedule) (details)
Income Taxes (narrative) (details)
Income Taxes (reconciliation Of Unrecognized Tax Benefits Schedule) (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)
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: 0001333493-14-000029
Submitted to the SEC: Wed Mar 12 2014 4:19:46 PM EST
Accepted by the SEC: Wed Mar 12 2014
Period: Tuesday, December 31, 2013
Industry: Insurance Agents Brokers And Service

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