The company delivered 3-year economical targets
SANTA CLARA, Calif., May 22, 2023 /PRNewswire/ — eHealth, Inc. (Nasdaq: EHTH) (eHealth.com), a main non-public on the net health and fitness insurance market, hosted an Investor & Analyst Working day party on Thursday, May 18th, in New York Metropolis. Enterprise executives presented on eHealth’s strategic path, operational development, and money outlook. The company also hosted a senior executive from CVS Health and fitness/Aetna as a guest speaker who reviewed the partnership involving the two companies, which have a shared purpose of offering the most effective possible consumer expertise.
The presentation slides and webcast replay are obtainable on eHealth’s Investor Relations web-site.
“Thursday’s Trader & Analyst Day marks an crucial milestone in eHealth’s transformational journey,” said eHealth CEO Fran Soistman. “I imagine eHealth offers a strong value proposition to our customers and provider companions and is perfectly positioned to produce on our mission of expertly guiding buyers as a result of their overall health insurance policies and linked solutions when, where, and how they want. The leadership crew assembled and featured at Trader & Analyst Day is uniquely capable and enthusiastic to direct our company, and completely committed to our mission and vision. At eHealth we experience fantastic about the essential function we satisfy with our carrier associates and other recent and possible associates, and believe we can proceed to change our industry though building shareholder price. I’m grateful to all those who ended up able to be a part of us in human being or by webcast.”
Throughout his presentation, Mr. Soistman outlined a 5-issue financial investment thesis for the business:
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Enrollment growth in direct-to-purchaser products, together with Medicare Edge and Specific & Spouse and children Programs, is outpacing growth in team products, pushed by the greater consumerism of overall health treatment and favorable demographic developments.
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Insurance coverage carriers depend on a diversified distribution product to provide on their enrollment and acquisition cost targets. Tele/e-broker enrollment contributions to annual enrollment have grown noticeably in the latest years.
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eHealth provides carriers dependable, substantial-quality quantity. eHealth appeals to segments of the population that are more tech-savvy and favor a comparison purchasing design about immediate enrollment through a one carrier. We believe that carriers worth partnerships with brokers like eHealth that deliver obtain to usually tough to reach consumer audiences and that can collaborate with carriers on submit-enrollment member engagement.
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eHealth delivers individuals correct omni-channel, carrier-agnostic comparison shopping. We see eHealth’s technology-pushed choice product as a major aggressive differentiator and the company’s transformation approach is made to more enrich its worth proposition.
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The company believes that market inflection will favor brokers like eHealth with a solid economical profile and a focus on profitability. With 25 decades of management in the current market and a potent new govt leadership staff, we think that eHealth is nicely positioned for sustainable successful growth.
At the Investor & Analyst Working day event, eHealth furnished intermediate economic targets by 2025 including:
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Revenue progress of 8% to 10% annually in 2024 and 2025
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Adjusted EBITDA margin of 8% to 10% by 2025
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Attaining split-even money flow from operations for the trailing twelve-month time period ending March 2024
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Achieving good funds stream from functions for the trailing twelve-month interval ending March 2025
More specific shows were being built through eHealth’s Trader & Analyst Day party by Michelle Barbeau, eHealth’s Main Advertising and marketing Officer Roman Rariy, eHealth’s Main Operating Officer Ketan Barbaria, eHealth’s Chief Electronic Officer Gregg Ratkovic, eHealth’s Main Small business Officer and John Stelben, eHealth’s Main Financial Officer.
For a comprehensive recording of eHealth’s Investor & Analyst Day webcast stop by ir.ehealthinsurance.com.
About eHealth
For about 25 decades, eHealth, Inc. (Nasdaq: EHTH) has expertly guided American consumers with impressive technologies and accredited advisor aid to aid them locate wellness insurance and connected selections. By way of its proprietary health insurance plan marketplace at eHealth.com, eHealth has connected additional than eight million members with high quality, reasonably priced protection. eHealth delivers Medicare Edge, Medicare Supplement, Medicare Aspect D, particular person, family members, compact business, and ancillary options from about 200 wellness insurance coverage providers nationwide. For much more data about eHealth, please take a look at us at eHealth.com, or comply with us on LinkedIn, Fb, Instagram, and Twitter.
Forward-Seeking Statements
This press release contains ahead-searching statements inside the which means of the federal securities regulations. Ahead-wanting statements normally relate to future events or our long term monetary or functioning performance. Forward-searching statements in this press launch consist of, but are not restricted to, the adhering to: the impression of our transformation approach our expectations regarding our enterprise, which include our market place chance, competitive advantage, method, investments and long-term vision our expectations and predictions for our business our associations with carriers our projection for operating income circulation and our money targets, which include those people for revenue expansion, modified EBITDA margin and functioning cash move.
Our anticipations and beliefs about these issues might not materialize, and real effects in long term periods are matter to challenges and uncertainties that could induce real results to differ materially from those projected. These threats incorporate those set forth in our filings with the Securities and Trade Commission, such as our most current Sort 10-Q and 10-K. The forward-searching statements in this push release are centered on data obtainable to us as of these days, and we disclaim any obligation to update any forward-searching statements, except as required by law.
Non-GAAP Details
Adjusted EBITDA margin is a non-GAAP fiscal evaluate. Even so, the array of modified EBITDA margin incorporated in this push release is a concentrate on for 2025 dependent on eHealth’s working design, not forward-wanting guidance. A reconciliation to the most immediately comparable GAAP money measure is unavailable with no unreasonable work. Altered EBITDA margin is calculated by dividing modified EBITDA by profits. Altered EBITDA is calculated by excluding the paid out-in-type dividends for favored inventory and transform in desired inventory redemption price, money tax cost (gain), depreciation and amortization, stock-based mostly payment expense, impairment, restructuring and other charges, other profits (cost), web, and other non-recurring expenses from GAAP net cash flow (loss) attributable to prevalent stockholders. Other non-recurring rates to GAAP web cash flow (decline) attributable to frequent stockholders could consist of transaction fees in connection with capital increasing transactions (regardless of whether personal debt, equity or fairness-linked) and acquisitions, regardless of whether or not consummated, obtain cost adjustments and the cumulative influence of a modify in accounting ideas.
Trader Relations Contact:
Kate Sidorovich, CFA
Senior Vice President, Investor Relations & Method
[email protected]
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