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Ehealth, Inc. (EHTH) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2020

Ehealth, Inc.

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CIK: 1333493 Ticker: EHTH

Exhibit 99.1
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eHealth, Inc. Announces Fourth Quarter 2020 and Fiscal 2020 Results

Fourth Quarter 2020 Overview

•Revenue for the fourth quarter of 2020 was $293.3 million, a 3% decrease compared to $301.7 million for the fourth quarter of 2019.
•GAAP net income for the fourth quarter of 2020 was $59.9 million compared to net income of $88.8 million for the fourth quarter of 2019.
•Adjusted EBITDA was $84.2 million for the fourth quarter of 2020 compared to $142.6 million for the fourth quarter of 2019.
•Revenue and adjusted EBITDA for the fourth quarter of 2019 include the positive impact of $42.3 million in revenue resulting from a change in estimate for expected cash commission collections relating to Medicare Advantage plans enrolled in prior to the fourth quarter of 2019.
•Excluding the impact of the $42.3 million change in estimate in the fourth quarter of 2019 , our fourth quarter 2020 revenue increased 13% compared to a year ago.
•Fourth quarter 2020 approved members for Medicare Advantage products of 217,278, a 30% increase compared to the fourth quarter of 2019.
•Drove online penetration with 43% of major medical Medicare applications submitted online in the fourth quarter of 2020 compared to 36% in the fourth quarter of 2019.
•Launched online Customer Center aimed at further enhancing consumer experience and increasing customer engagement and retention. Customer Center sign-ups are currently above 100,000.

SANTA CLARA, California — February 18, 2021 —
eHealth, Inc. (NASDAQ: EHTH), a leading private online health insurance marketplace, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2020.

“Although 2020 presented challenges, eHealth made notable progress building out our capabilities, and positioning the company to capture significant market opportunities ahead,” said Scott Flanders, Chief Executive Officer of eHealth. “As part of our strategy to drive growth, increase quality of enrollments and achieve higher lifetime values, we made investments in our e-commerce platform and implemented a multifaceted program to improve member retention.”

“We believe that issues that impacted our fourth quarter performance were isolated and can be corrected in the near term. We took decisive and critical actions to fix these issues and cement a strong foundation for our long-term performance. Our actions are already demonstrating results in the first quarter in the form of increased agent productivity, customer engagement and enrollment growth. Looking ahead, we are confident that we have taken steps necessary to put us on track to meaningfully improve performance in 2021 and beyond.”

Mr. Flanders concluded, “Over the last four-plus years, we have built a strong foundation with a best-in-class consumer facing e-commerce platform and executed a deliberate plan that has enabled us to
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The following information was filed by Ehealth, Inc. (EHTH) on Thursday, February 18, 2021 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

Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Stockholders' Equity
Acquisition
Acquisition (Tables)
Acquisition - Narrative (Details)
Acquisition - Purchase Price Allocation (Details)
Commitments And Contingencies
Commitments And Contingencies (Narrative) (Details)
Commitments And Contingencies (Schedule Of Future Minimum Obligations) (Details)
Commitments And Contingencies (Tables)
Debt
Debt (Details)
Equity
Equity (Narrative) (Details)
Equity (Schedule Of Option Activity Under Stock Plans) (Details)
Equity (Schedule Of Restricted Stock Unit Activity Under Stock Plans) (Details)
Equity (Schedule Of Shares Reserved) (Details)
Equity (Schedule Of Stock Plan Activity) (Details)
Equity (Schedule Of Stock-Based Compensation Expense) (Details)
Equity (Schedule Valuation Assumptions) (Details)
Equity (Tables)
Fair Value Measurements
Fair Value Measurements (Contractual Maturity) (Details)
Fair Value Measurements (Earnout Activity) (Details)
Fair Value Measurements (Financial Assets And Liabilities) (Details)
Fair Value Measurements (Narrative) (Details)
Fair Value Measurements (Tables)
Fair Value Measurements (Unrealized Gains And Losses) (Details)
Income Taxes
Income Taxes (Changes In Valuation Allowance) (Details)
Income Taxes (Income Tax Rate Reconciliation Schedule) (Details)
Income Taxes (Narrative) (Details)
Income Taxes (Net Operating Losses And Tax Credit Carryforwards) (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)
Leases
Leases (Balance Sheet Information) (Details)
Leases (Narrative) (Details)
Leases (Operating Lease Maturities) (Details)
Leases (Supplemental Information) (Details)
Leases (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)
Revenue
Revenue (Commission Revenue By Segment) (Details)
Revenue (Disaggregated Revenue) (Details)
Revenue (Narrative) (Details)
Revenue (Tables)
Segment And Geographic Information
Segment And Geographic Information (Details)
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 (Tables)
Subsequent Event
Subsequent Event (Details)
Summary Of Business And Significant Accounting Policies
Summary Of Business And Significant Accounting Policies (Asu 2016-13) (Details)
Summary Of Business And Significant Accounting Policies (Narrative) (Details)
Summary Of Business And Significant Accounting Policies (Policies)
Summary Of Business And Significant Accounting Policies (Property And Equipment) (Details)
Summary Of Business And Significant Accounting Policies (Tables)
Supplemental Financial Statement Information
Supplemental Financial Statement Information (Accounts Receivable Concentration Risk) (Details)
Supplemental Financial Statement Information (Narrative) (Details)
Supplemental Financial Statement Information (Schedule Of Accounts Receivable) (Details)
Supplemental Financial Statement Information (Schedule Of Cash, Cash Equivalents And Restricted Cash) (Details)
Supplemental Financial Statement Information (Schedule Of Changes In Allowance For Credit Losses) (Details)
Supplemental Financial Statement Information (Schedule Of Commissions Receivable) (Details)
Supplemental Financial Statement Information (Schedule Of Intangible Asset Future Amortization Expense) (Details)
Supplemental Financial Statement Information (Schedule Of Intangible Assets) (Details)
Supplemental Financial Statement Information (Schedule Of Prepaid Expenses And Other Current Assets) (Details)
Supplemental Financial Statement Information (Schedule Of Property And Equipment) (Details)
Supplemental Financial Statement Information (Tables)
Ticker: EHTH
CIK: 1333493
Form Type: 10-K Annual Report
Accession Number: 0001333493-21-000019
Submitted to the SEC: Fri Feb 26 2021 5:04:12 PM EST
Accepted by the SEC: Fri Feb 26 2021
Period: Thursday, December 31, 2020
Industry: Insurance Agents Brokers And Service

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