EHealth, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 02:52 am IST
Share
eHealth, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 64.72 million compared to USD 53.38 million a year ago. Net loss was USD 37.03 million compared to USD 39.15 million a year ago. Basic loss per share from continuing operations was USD 1.68 compared to USD 1.72 a year ago. Diluted loss per share from continuing operations was USD 1.68 compared to USD 1.72 a year ago.
For the nine months, revenue was USD 205.21 million compared to USD 209.04 million a year ago. Net loss was USD 80.4 million compared to USD 109.39 million a year ago. Basic loss per share from continuing operations was USD 3.88 compared to USD 4.83 a year ago. Diluted loss per share from continuing operations was USD 3.88 compared to USD 4.83 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.