eHealth Q2 revenue up 32% YoY to $66.8M; raises 2023 guidance to adjusted EBITDA profitability at midpoint

eHealth, Inc.

2023-Q2 EPS reported -$2.20 revenue$140,491,000

Revenue $66.8M (+32% YoY); includes $18.7M positive net adjustment revenue from favorable persistency/commissions.
Net loss improved to $23.5M from $37.5M; adjusted EBITDA loss of $14.8M improved $18.4M YoY.
Cash and marketable securities $189.8M; commissions receivable $789.6M as of June 30, 2023.
2023 guidance raised; midpoint now reflects adjusted EBITDA profitability; on track for Medicare enrollment growth in Q4.
Operating costs decreased 3% YoY to $92.9M despite investment in advisor headcount.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.97

eHealth, Inc. reported second quarter ended June 30, 2023 results: revenue $66.8 million, net income $23.5 million. Guidance raised.

Period: second quarter ended June 30, 2023
Revenue: $66.8 million
Net income: $23.5 million
Guidance: raised
Result: reported results

Exact text from the filing

EBITDA profitability, an important milestone for the organization." – Fran Soistman, Chief Executive Officer Results Overview ■ Q2 2023 revenue increased 32% year over year to $66.8 million, including $18.7 million in positive net adjustment revenue reflective of positive trends in persistency and commissions. ■ Q2 2023 total operating costs and expenses decreased

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Source: SEC EDGAR

accession 0001333493-23-000110

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