Business & Finance
eHealth reports financial results for fiscal year ended 31 December 2019
24 January 2020 -

eHealth Inc (NASDAQ: EHTH), a private online health insurance exchange in the United States, announced on Thursday, its financial results for the fiscal year ended 31 December 2019.

The company expected revenue for the year ended 31 December 2019 to be in the range of USD462m to USD464m compared to the company's guidance of USD365m to USD385m in the year-ago period.

The firm expects GAAP net income for the year ended 31 December 2019 to be in the range of USD31m to USD33m, compared to the company's guidance of USD20.9m to USD25.9m in the year-ago period.

Adjusted EBITDA for the year ended 31 December 2019 is expected to be in the range of USD89.0 to USD91.0m as compared to the company's guidance of USD65.0 to USD70.0m.

Scott Flanders, chief executive officer of eHealth commented, 'I am proud of our achievements in 2019. After raising our guidance twice in the past year, we significantly exceeded our financial and operating targets driven by consistently strong execution throughout the year.'

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