EHealth, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 27, 2024 at 06:10 pm IST
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eHealth, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 247.66 million compared to USD 196.32 million a year ago. Net income was USD 52.19 million compared to USD 20.67 million a year ago. Basic earnings per share from continuing operations was USD 1.31 compared to USD 0.41 a year ago. Diluted earnings per share from continuing operations was USD 1.27 compared to USD 0.41 a year ago.
For the full year, revenue was USD 452.87 million compared to USD 405.36 million a year ago. Net loss was USD 28.21 million compared to USD 88.72 million a year ago. Basic loss per share from continuing operations was USD 2.37 compared to USD 4.36 a year ago. Diluted loss per share from continuing operations was USD 2.37 compared to USD 4.36 a year ago.
eHealth, Inc. is an independent licensed insurance agency and advisor. The Company provides a private online health insurance marketplace with a technology and service platform that provides consumer engagement, education, and health insurance enrollment solutions. Its segments include Medicare and Employer and Individual. It markets a large selection of Medicare-related health insurance plans and, to a lesser extent, ancillary products, such as dental and vision insurance and indemnity plans, to its Medicare-eligible consumers. Its Medicare e-commerce platform, which can be accessed through its Websites (www.eHealthMedicare.com, www.PlanPrescriber.com and www.GoMedigap.com), and telephonic enrollment capabilities enable consumers to research, compare and purchase Medicare-related health insurance plans. It markets individual and family health insurance plans (IFP) and small business health insurance plans through its e-commerce platform, which can be accessed through its Websites.