eHealth, Inc. (EHTH) has released its preliminary and unaudited financial results. The company's expected GAAP net income for the last quarter is set to be somewhere between $47 million and $52 million. It's forecasted total revenue falls within the approximate range of $241 million and $249 million. The anticipated Adjusted EBITDA is from $65 million to $70 million.
An expected GAAP net loss for the fiscal year ending December 31, 2023, ranges from $32 million to $27 million. This is in contrast to its previously guided range of a $46 million loss to a $26 million one. Its total revenue is estimated to be from $446 million to $454 million, contrasting the previous forecast of $439 million to $459 million. The adjusted EBITDA is expected to range from $10 million to $15 million.
CEO of eHealth, Fran Soistman commented on the results saying: "eHealth exhibited robust revenue and Medicare enrollment growth in the previous quarter, while further expanding our gross margin in the Medicare unit. What is significant is that our full year 2023 operating cash flow has greatly improved from the previous year due to the favorable collections of commissions from our ongoing member cohorts combined with our disciplined cost-operating approach."
eHealth's shares experienced a 16% increase in pre-market trading on the preceding Friday.
