earnings
confidence high
sentiment negative
materiality 0.70
eHealth reports Q2 2022 revenue $50.4M, GAAP net loss $37.5M; Chief Digital Officer departs
eHealth, Inc.
2022-Q2 EPS reported
-$3.12
revenue$155,659,000
- Total revenue $50.4M, GAAP net loss $(37.5)M, adjusted EBITDA $(33.3)M; includes $8.7M negative revenue adjustment.
- Unassisted online Medicare Advantage applications up 15% YoY; telephonic conversion rates declined.
- Operating cash flow $(25.8)M; cash and marketable securities $199.2M at June 30, 2022.
- On track for >$60M cost reduction in 2022; $23.8M reduction in marketing and customer care costs in Q2.
- Chief Digital Officer Phillip Morelock departed on August 3, 2022.