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Ehealth, Inc. (EHTH) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2016

Ehealth, Inc.

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CIK: 1333493 Ticker: EHTH



Exhibit 99.1
ehealthlogoa01a02a01a01a04.jpg
eHealth, Inc. Announces Fourth Quarter and Fiscal 2016 Results

Fourth Quarter 2016 Overview
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Revenue for fourth quarter of 2016 was $43.8 million, a decrease of 13% compared to $50.1 million for the fourth quarter of 2015.
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Net loss for fourth quarter of 2016 was $16.7 million compared to $12.1 million for the fourth quarter of 2015.
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Adjusted EBITDA for the fourth quarter of 2016 was $(13.9) million compared to $(9.5) million for the fourth quarter of 2015.
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Cash used in operations for the fourth quarter of 2016 was $4.7 million compared to cash provided by operations of $1.2 million for the fourth quarter of 2015.


MOUNTAIN VIEW, Calif. — February 24, 2017 — eHealth, Inc. (NASDAQ: EHTH), the nation’s first and largest private health insurance exchange, announced today its financial results for the fourth quarter ended December 31, 2016.

Scott Flanders, chief executive officer of eHealth stated, "2016 was a dynamic year for the company.  eHealth has undergone a broad change in the leadership team and an extensive strategic review of the business. The result is a newly focused strategy with a core emphasis on growth and execution, diversification of revenue streams and enhancement of member profitability.”

Continued Flanders, “2017 will be a year of transition for eHealth.  Our investments are aimed at driving meaningful expansion in Medicare and Small Business membership to build a strong foundation of recurring commission revenues.  We are also investing to make our sales and enrollment processes in these areas more efficient which over time should further enhance lifetime profitability of our members. We do expect to report a significant EBITDA loss this year as reflected in our 2017 guidance.  However, the $62 million in cash on our balance sheet provides ability to make these investments and position the company to return to profitable growth. We currently plan to return to break-even in 2018, generate low double digit margins in 2019 and 20%+ margins in 2020 and thereafter - all on Adjusted EBITDA basis."

Reportable Segments

During the fourth quarter of 2016, we began evaluating our business performance and managing our operations as two distinct reporting segments - Medicare and Individual, Family and Small Business.
The Medicare segment consists primarily of amounts earned from our sale of Medicare-related health insurance plans, including Medicare Advantage, Medicare Supplement and Medicare Part D prescription drug plans, and to a lesser extent, ancillary products sold to our Medicare-eligible customers, including but not limited to, dental, vision, life, short term disability and long term disability insurance, our advertising program that allows Medicare-related carriers to purchase advertising on a separate website developed, hosted and maintained by us and our delivery and sale to third parties of Medicare-related health insurance leads generated by our ecommerce platforms and our marketing activities.
The Individual, Family and Small Business segment consists primarily of amounts earned from our sale of individual and family and small business health insurance plans and ancillary products sold to our non-Medicare-eligible customers, including but not limited to, dental, vision, life, short term disability and long term disability insurance. To a lesser extent, the Individual, Family and Small Business segment consists of amounts earned from our online sponsorship program that allows carriers to purchase advertising space in specific markets in a sponsorship area on our website, our licensing to third parties the use of our health insurance ecommerce technology and our delivery and sale to third parties of individual and family health insurance leads generated by our ecommerce platforms and our marketing activities.
Marketing and Advertising, Customer Care and Enrollment, Technology and Content and General and Administrative operating expenses that are directly attributable to a segment are reported within the applicable segment. Other indirect Marketing and Advertising, Customer Care and Enrollment and Technology and Content operating expenses are allocated to each segment based on usage. Other indirect General and Administrative operating expenses are managed in a corporate shared services environment and, since they are not the responsibility of segment operating management, are not allocated to the reportable segments and instead reported within Corporate.


The following information was filed by Ehealth, Inc. (EHTH) on Friday, February 24, 2017 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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Inside Ehealth, Inc.'s 10-K Annual Report:

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 Loss
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
Fair Value Measurements (details)
Fair Value Measurements Fair Value Measurements (tables)
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 Loss Per Share
Net Loss Per Share (schedule Of Anti-dilutive Shares Excluded From Computation Of Net Income Per Share) (details)
Net Loss Per Share (schedule Of Computation Of Basic And Diluted Net Income Per Share) (details)
Net Loss 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)
Restructuring Charges
Restructuring Charges (liability Activities) (details)
Restructuring Charges (narrative) (details)
Restructuring Charges (restructuring Activities) (details)
Restructuring Charges (tables)
Selected Quarterly Financial Data (unaudited)
Selected Quarterly Financial Data (unaudited) (details)
Selected Quarterly Financial Data (unaudited) (tables)
Stockholders' Equity
Stockholders' Equity (narrative) (details)
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-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: 0001333493-17-000021
Submitted to the SEC: Wed Mar 15 2017 6:02:43 PM EST
Accepted by the SEC: Thu Mar 16 2017
Period: Saturday, December 31, 2016
Industry: Insurance Agents Brokers And Service

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