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
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