Last10K.com

Ehealth, Inc. (EHTH) SEC Filing 10-Q Quarterly report for the period ending Tuesday, June 30, 2020

Ehealth, Inc.

HISTORY TOOLS
CIK: 1333493 Ticker: EHTH

Exhibit 99.1
ehealthlogoa01a02a01a0.jpg

eHealth, Inc. Announces Second Quarter 2020 Results

Second Quarter 2020 Overview

•Revenue for the second quarter of 2020 was $88.8 million, a 35% increase compared to $65.8 million for the second quarter of 2019.
•GAAP net loss for the second quarter of 2020 was $3.4 million compared to net loss of $5.8 million for the second quarter of 2019.
•Adjusted EBITDA was $1.7 million for the second quarter of 2020 compared to $0.8 million for the second quarter of 2019.
•Net cash used in operating activities for the second quarter of 2020 was $21.3 million compared to $11.5 million for the second quarter of 2019.

SANTA CLARA, California — July 23, 2020 —
eHealth, Inc. (NASDAQ: EHTH), a leading private online health insurance marketplace, announces today its financial results for the second quarter ended June 30, 2020.

Scott Flanders, chief executive officer of eHealth stated, “eHealth delivered another quarter of strong revenue and Medicare enrollment growth. The number of second quarter Medicare approved members grew ahead of our expectations driven by favorable market dynamics, growth in online enrollments and an increase in agent productivity compared to a year ago. Importantly, this enrollment growth was achieved while also reducing our total acquisition costs per approved Medicare member allowing us to once again exceed our internal forecast for revenue and earnings. Based on the strength of our business and reflecting the capital raise we completed in March, we are increasing our financial guidance for the full year ending 2020.”


GAAP — Second Quarter of 2020 Results

Revenue — Revenue for the second quarter of 2020 totaled $88.8 million, a 35% increase compared to $65.8 million for the second quarter of 2019. Commission revenue for the second quarter of 2020 totaled $80.8 million, a 33% increase compared to $60.6 million for the second quarter of 2019. Other revenue for the second quarter of 2020 was $8.0 million, a 55% increase compared to $5.2 million for the second quarter of 2019.

Revenue from our Medicare segment was $80.4 million for the second quarter of 2020, a 54% increase compared to $52.3 million for the second quarter of 2019. Revenue from our Individual, Family and Small Business segment was $8.4 million for the second quarter of 2020, a 38% decrease compared to $13.5 million for the second quarter of 2019.

Loss from Operations — Loss from operations for the second quarter of 2020 was $6.3 million compared to loss from operations of $12.3 million for the second quarter of 2019.

Pre-Tax Loss — Pre-tax loss for the second quarter of 2020 was $5.8 million compared to pre-tax loss of $11.6 million for the second quarter of 2019.

Benefit from Income Taxes — Benefit from income taxes for the second quarter of 2020 was $2.4 million compared to $5.9 million for the second quarter of 2019.

Net Loss — Net loss for the second quarter of 2020 was $3.4 million, or $0.13 net loss per diluted share, compared to net loss of $5.8 million, or $0.25 net loss per diluted share, for the second quarter of 2019.

Segment Profit — Medicare segment profit was $13.4 million for the second quarter of 2020, a 120% increase compared to $6.1 million for the second quarter of 2019. Profit from our Individual, Family and Small Business segment was $2.6 million for the second quarter of 2020, a 51% decrease compared to $5.3 million for the second quarter of 2019.

1
The following information was filed by Ehealth, Inc. (EHTH) on Thursday, July 23, 2020 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Ehealth, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Ehealth, Inc..

Continue

Assess how Ehealth, Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Ehealth, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Financial
Revenue
M & A
Legal
Other
Filter Subcategory:
All
Expense
Product
Earnings
Shares
Income
Geography
Cash Flow
Other
Inside Ehealth, Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
Condensed Consolidated Balance Sheets
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income (Loss)
Condensed Consolidated Statements Of Stockholders' Equity
Commitments And Contingencies
Commitments And Contingencies (Details)
Commitments And Contingencies (Tables)
Debt
Debt (Details)
Equity
Equity (Tables)
Equity - Narrative (Details)
Equity - Schedule Of Stock-Based Compensation Expense (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Contractual Maturities (Details)
Fair Value Measurements - Earnout Liability Activity (Details)
Fair Value Measurements - Narrative (Details)
Fair Value Measurements - Summary Of Financial Assets (Details)
Fair Value Measurements - Unrealized Gains And Losses (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Narrative (Details)
Income Taxes - Summary Of Income Tax Benefit (Details)
Leases
Leases (Tables)
Leases - Maturities Of Lease Liabilities (Details)
Leases - Narrative (Details)
Leases - Supplemental Balance Sheet Information (Details)
Net Income (Loss) Per Share
Net Income (Loss) Per Share (Tables)
Net Income (Loss) Per Share - Computation Of Basic And Diluted Net Income Per Share (Details)
Net Income (Loss) Per Share - Schedule Of Anti-Dilutive Shares Excluded From Computation Of Net Income Per Share (Details)
Revenue
Revenue (Tables)
Revenue - Additional Information (Details)
Revenue - Commission Revenue By Segment (Details)
Revenue - Disaggregation Of Revenue (Details)
Segment And Geographic Information
Segment And Geographic Information (Tables)
Segment And Geographic Information - Schedule Of Long-Lived Assets By Geographical Area (Details)
Segment And Geographic Information - Schedule Of Revenue By Major Customers (Details)
Segment And Geographic Information - Segment Operating Results (Details)
Summary Of Business And Significant Accounting Policies
Summary Of Business And Significant Accounting Policies (Policies)
Summary Of Business And Significant Accounting Policies (Tables)
Summary Of Business And Significant Accounting Policies - Adoption Of Asu 2016-13 (Details)
Summary Of Business And Significant Accounting Policies - Narrative (Details)
Supplemental Financial Statement Information
Supplemental Financial Statement Information (Tables)
Supplemental Financial Statement Information - Narrative (Details)
Supplemental Financial Statement Information - Schedule Of Accounts Receivable (Details)
Supplemental Financial Statement Information - Schedule Of Commissions Receivable (Details)
Supplemental Financial Statement Information - Schedule Of Credit Risk (Details)
Supplemental Financial Statement Information - Schedule Of Prepaid Expenses And Other Current Assets (Details)
Supplemental Financial Statement Information- Schedule Of Cash, Cash Equivalents And Restricted Cash (Details)

Material Contracts, Statements, Certifications & more

Ehealth, Inc. provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 32.1: Section 1350 Certification
Exhibit 32.2: Section 1350 Certification
Ticker: EHTH
CIK: 1333493
Form Type: 10-Q Quarterly Report
Accession Number: 0001333493-20-000157
Submitted to the SEC: Thu Aug 06 2020 5:31:17 PM EST
Accepted by the SEC: Thu Aug 06 2020
Period: Tuesday, June 30, 2020
Industry: Insurance Agents Brokers And Service

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/ehth/0001333493-20-000157.htm