Last10K.com

Ehealth, Inc. (EHTH) SEC Filing 10-Q Quarterly Report for the period ending Friday, June 30, 2023

SEC Filings

EHTH Valuations

Intrinsic Value
Financial Stability
Financial Ratios
Insider Trades
Manager Portfolios
Notifications

EHTH Annual Reports

EHTH Quarterly Reports

EHTH Corporate News

Ehealth, Inc.

HISTORY TOOLS
CIK: 1333493 Ticker: EHTH
ehealthlogoa01a02a01a01a63.jpg
eHealth, Inc. Announces Second Quarter 2023 Results
Strong second quarter results; 2023 guidance increased

SANTA CLARA, California — August 8, 2023 —
eHealth, Inc. (Nasdaq: EHTH), a leading private online health insurance marketplace, today announced its financial results for the second quarter ended June 30, 2023.


CEO Comments
"eHealth delivered strong second quarter results with revenue and profitability ahead of our expectations driven in part by positive tail revenue, which reflects favorable commissions and persistency trends in our book of business and further validates our commissions receivable asset. We are well on track in our preparations for the Annual Enrollment Period and I am confident in eHealth’s ability to execute against our goal of returning to Medicare enrollment growth on a significantly improved operational and cost foundation in the fourth quarter. Further, the mid-point of our updated 2023 guidance now reflects adjusted EBITDA profitability, an important milestone for the organization." – Fran Soistman, Chief Executive Officer


Results Overview
■Q2 2023 revenue increased 32% year over year to $66.8 million, including $18.7 million in positive net adjustment revenue reflective of positive trends in persistency and commissions.
■Q2 2023 total operating costs and expenses decreased 3% to $92.9 million compared to $95.9 million in Q2 2022 due to continued emphasis on financial discipline, partially offset by investment in advisor headcount ahead of the annual enrollment period.
■Q2 2023 net loss of $23.5 million improved $14.0 million compared to Q2 2022 net loss of $37.5 million.
■Q2 2023 adjusted EBITDA(1) of $(14.8) million improved $18.4 million compared to Q2 2022.
■Q2 2023 cash used in operations of $9.4 million improved $16.3 million compared to Q2 2022.
■$189.8 million in cash, cash equivalents and marketable securities as of June 30, 2023.
■Commissions receivable balance of $789.6 million as of June 30, 2023.
■Sales, marketing and digital organizations preparing successfully for the annual enrollment period, on track to return to Medicare enrollment growth on a substantially improved operational and cost foundation in the fourth quarter.
__________
Note: See the tables at the end of this press release for a reconciliation of our GAAP financial measures to our non-GAAP financial measures for the relevant periods and footnote (1) on page 13 at the end of this press release for definitions of our non-GAAP financial measures.

1
The following information was filed by Ehealth, Inc. (EHTH) on Tuesday, August 8, 2023 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 2023 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
Revenue
Financial
M & A
Other
Filter Subcategory:
All
Product
Expense
Debt
Geography
Shares
Earnings
Income
Cash Flow
Other
Inside Ehealth, Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover
Condensed Consolidated Balance Sheets
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Loss
Condensed Consolidated Statements Of Stockholders??? Equity
Commitment And Contingencies - Narrative (Details)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Schedule Of Future Minimum Obligations (Details)
Convertible Preferred Stock
Convertible Preferred Stock (Tables)
Convertible Preferred Stock - Narrative (Details)
Convertible Preferred Stock - Summary Of Stock (Details)
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 - Narrative (Details)
Fair Value Measurements - Summary Of Financial Assets (Details)
Fair Value Measurements - Unrealized Gains And Losses (Details)
Impairment, Restructuring And Other Charges
Impairment, Restructuring And Other Charges (Tables)
Impairment, Restructuring And Other Charges - Impairment, Restructuring And Other Charges (Recoveries) (Details)
Impairment, Restructuring And Other Charges - Narrative (Details)
Impairment, Restructuring And Other Charges - Restructuring And Other Liabilities (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Narrative (Details)
Income Taxes - Summary Of Income Tax Benefit (Details)
Insider Trading Arrangements
Leases
Leases (Tables)
Leases - Maturities Of Lease Liabilities (Details)
Leases - Narrative (Details)
Leases - Operating Lease Costs (Details)
Leases - Supplemental Information (Details)
Net Loss Per Share Attributable To Common Stockholders
Net Loss Per Share Attributable To Common Stockholders (Tables)
Net Loss Per Share Attributable To Common Stockholders - Computation Of Basic And Diluted Net Loss Per Share (Details)
Net Loss Per Share Attributable To Common Stockholders - Schedule Of Anti-Dilutive Shares Excluded From Computation Of Net Income Per Share (Details)
Pay Vs Performance Disclosure
Revenue
Revenue (Tables)
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 (Details)
Summary Of Business And Significant Accounting Policies (Policies)
Supplemental Financial Statement Information
Supplemental Financial Statement Information (Tables)
Supplemental Financial Statement Information - Narrative (Details)
Supplemental Financial Statement Information - Schedule Of Allowance For Credit Loss (Details)
Supplemental Financial Statement Information - Schedule Of Cash, Cash Equivalents And Restricted Cash (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)
Ticker: EHTH
CIK: 1333493
Form Type: 10-Q Quarterly Report
Accession Number: 0001333493-23-000113
Submitted to the SEC: Tue Aug 08 2023 4:22:54 PM EST
Accepted by the SEC: Tue Aug 08 2023
Period: Friday, June 30, 2023
Industry: Insurance Agents Brokers And Service

External Resources:
Stock Quote
Social Media
SEC.gov

Bookmark the Permalink:
https://last10k.com/sec-filings/ehth/0001333493-23-000113.htm