The following is a summary of the EHealth, Inc. (EHTH) Q2 2024 Earnings Call Transcript:
Financial Performance:
eHealth reported a Q2 total revenue of $65.9 million, a slight decline of 1% year-over-year.
Excluding tail revenue, total revenue for the quarter increased 13% year-over-year.
Adjusted EBITDA improved by $6.5 million year-over-year, excluding impact of restructuring and impairment charges and tail revenue.GAAP net loss was $28 million, compared to a loss of $23.5 million the previous year.
Business Progress:
eHealth experienced a 16% increase in Medicare submissions year-over-year.
The company launched several new customer retention strategies and saw improvements in Medicare segment profit by $6.1 million year-over-year, excluding tail revenue.
eHealth's carrier-dedicated platform, Amplify, saw strong enrollment volumes and conversion rates, and onboarded a new customer during Q2.
Opportunities:
The anticipated Medicare plan changes provide an opportunity for eHealth to drive strong consumer demand to its platform during the enrollment season.
Risks:
The upcoming CFO transition and CEO's planned retirement might impact the company's operational continuity and leadership stability.
More details: eHealth IR
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
