The firm delivered 3-yr financial targets
SANTA CLARA, Calif., May 22, 2023 /PRNewswire/ — eHealth, Inc. (Nasdaq: EHTH) (eHealth.com), a foremost non-public on line wellbeing insurance policies marketplace, hosted an Trader & Analyst Day event on Thursday, May possibly 18th, in New York Town. Company executives presented on eHealth’s strategic direction, operational progress, and money outlook. The company also hosted a senior government from CVS Health and fitness/Aetna as a guest speaker who discussed the partnership amongst the two providers, which have a shared objective of providing the very best doable consumer knowledge.
The presentation slides and webcast replay are obtainable on eHealth’s Trader Relations site.
“Thursday’s Investor & Analyst Working day marks an important milestone in eHealth’s transformational journey,” said eHealth CEO Fran Soistman. “I believe eHealth offers a strong value proposition to our clients and provider companions and is effectively positioned to provide on our mission of expertly guiding buyers as a result of their health and fitness insurance policy and relevant options when, the place, and how they like. The leadership group assembled and showcased at Investor & Analyst Working day is uniquely qualified and inspired to direct our business, and absolutely fully commited to our mission and eyesight. At eHealth we really feel superior about the significant purpose we satisfy with our provider partners and other current and future companions, and believe we can keep on to renovate our marketplace while developing shareholder value. I’m grateful to all all those who were being in a position to be a part of us in particular person or by webcast.”
Through his presentation, Mr. Soistman outlined a 5-level expense thesis for the enterprise:
- Enrollment growth in direct-to-purchaser products and solutions, which includes Medicare Gain and Individual & Loved ones Options, is outpacing advancement in team products and solutions, pushed by the improved consumerism of overall health care and favorable demographic developments.
- Insurance policy carriers count on a diversified distribution model to produce on their enrollment and acquisition price tag targets. Tele/e-broker enrollment contributions to annual enrollment have grown noticeably in the latest decades.
- eHealth presents carriers dependable, substantial-excellent volume. eHealth appeals to segments of the population that are much more tech-savvy and favor a comparison purchasing product in excess of immediate enrollment as a result of a solitary provider. We think carriers worth partnerships with brokers like eHealth that provide accessibility to normally tough to access shopper audiences and that can collaborate with carriers on article-enrollment member engagement.
- eHealth offers consumers genuine omni-channel, provider-agnostic comparison browsing. We see eHealth’s engineering-driven preference product as a sizeable aggressive differentiator and the company’s transformation plan is created to more enrich its value proposition.
- The business thinks that marketplace inflection will favor brokers like eHealth with a potent economic profile and a target on profitability. With 25 several years of management in the marketplace and a solid new executive management workforce, we think that eHealth is properly positioned for sustainable lucrative development.
At the Investor & Analyst Day party, eHealth supplied intermediate economical targets by way of 2025 which includes:
- Earnings progress of 8% to 10% each year in 2024 and 2025
- Adjusted EBITDA margin of 8% to 10% by 2025
- Acquiring break-even income movement from functions for the trailing twelve-thirty day period period of time ending March 2024
- Attaining good money stream from functions for the trailing twelve-month period of time ending March 2025
Supplemental comprehensive presentations had been created all through eHealth’s Trader & Analyst Working day celebration by Michelle Barbeau, eHealth’s Chief Marketing and advertising Officer Roman Rariy, eHealth’s Main Functioning Officer Ketan Barbaria, eHealth’s Main Electronic Officer Gregg Ratkovic, eHealth’s Chief Enterprise Officer and John Stelben, eHealth’s Chief Money Officer.
For a entire recording of eHealth’s Investor & Analyst Day webcast pay a visit to ir.ehealthinsurance.com.
About eHealth
For around 25 many years, eHealth, Inc. (Nasdaq: EHTH) has expertly guided American buyers with impressive engineering and licensed advisor support to help them locate overall health insurance and linked alternatives. Via its proprietary wellbeing insurance policy market at eHealth.com, eHealth has connected additional than 8 million customers with high quality, inexpensive protection. eHealth presents Medicare Gain, Medicare Complement, Medicare Component D, specific, family members, modest enterprise, and ancillary designs from somewhere around 200 wellness insurance coverage companies nationwide. For a lot more info about eHealth, make sure you visit us at eHealth.com, or observe us on LinkedIn, Fb, Instagram, and Twitter.
Ahead-Looking Statements
This press release involves forward-wanting statements inside of the meaning of the federal securities guidelines. Ahead-searching statements frequently relate to potential gatherings or our future financial or operating overall performance. Ahead-seeking statements in this press release involve, but are not limited to, the next: the impact of our transformation strategy our expectations regarding our small business, including our current market option, aggressive advantage, tactic, investments and lengthy-expression vision our anticipations and predictions for our sector our relationships with carriers our projection for operating hard cash circulation and our financial targets, which include individuals for revenue expansion, altered EBITDA margin and operating income movement.
Our expectations and beliefs regarding these issues could not materialize, and precise results in future intervals are subject matter to hazards and uncertainties that could bring about real final results to differ materially from those people projected. These risks involve individuals set forth in our filings with the Securities and Trade Commission, which includes our newest Type 10-Q and 10-K. The forward-looking statements in this press release are based mostly on facts offered to us as of today, and we disclaim any obligation to update any ahead-searching statements, other than as demanded by regulation.
Non-GAAP Information
Altered EBITDA margin is a non-GAAP economical measure. Even so, the selection of adjusted EBITDA margin bundled in this push release is a target for 2025 based mostly on eHealth’s working design, not forward-seeking steering. A reconciliation to the most directly comparable GAAP economic evaluate is unavailable without unreasonable exertion. Altered EBITDA margin is calculated by dividing adjusted EBITDA by income. Adjusted EBITDA is calculated by excluding the paid-in-form dividends for favored inventory and modify in most popular inventory redemption price, income tax cost (reward), depreciation and amortization, stock-based compensation expense, impairment, restructuring and other fees, other money (price), net, and other non-recurring rates from GAAP web money (decline) attributable to prevalent stockholders. Other non-recurring prices to GAAP web revenue (loss) attributable to common stockholders could incorporate transaction charges in link with capital raising transactions (regardless of whether personal debt, fairness or equity-linked) and acquisitions, whether or not consummated, acquire price tag adjustments and the cumulative outcome of a alter in accounting ideas.
Trader Relations Contact:
Kate Sidorovich, CFA
Senior Vice President, Investor Relations & Method
[email protected]
Resource eHealth, Inc.
