Press release
eHealth, Inc. Announces Preliminary Results for the Fourth Quarter and Fiscal Year 2020
SANTA CLARA, Calif., Jan. 29, 2021 /PRNewswire/ -- eHealth, Inc. (NASDAQ: EHTH), a leading private online health insurance marketplace in the United States,
About this update from Ehealth, Inc.
[{"type":"text","content":" SANTA CLARA, Calif., Jan. 29, 2021 /PRNewswire/ -- eHealth, Inc. (NASDAQ: EHTH), a leading private online health insurance marketplace in the United States, today announced preliminary, unaudited financial results and select operating metrics for the fourth quarter and fiscal year ended December 31, 2020.\nThe preliminary, unaudited financial results and selected operating metrics included in this press release are based on information available as of January 29, 2021 and management's initial review of operations for the fourth quarter and year ended December 31, 2020. They remain subject to change based on management's ongoing review of the Company's fourth-quarter and full year results and are forward-looking statements. eHealth assumes no obligation to update these statements. The actual results may be materially different and are affected by the risk factors and uncertainties identified in this press release and in eHealth's annual and quarterly filings with the Securities and Exchange Commission.\nFourth Quarter and Fiscal Year 2020 Preliminary Results \nRevenue for the fourth quarter of 2020 is expected to be in the range of $291.0 to $293.0 million. GAAP net income for the fourth quarter of 2020 is expected to be in the range of $57.0 to $59.0 million. Adjusted EBITDA(a) for the fourth quarter of 2020 is expected to be in the range of $81.0 to $84.0 million. Revenue for the year ended December 31, 2020 is expected to be in the range of $581.0 to $583.0 million as compared to the Company's guidance of $630.0 to $670.0 million. GAAP net income for the year ended December 31, 2020 is expected to be in the range of $43.5 to $45.5 million as compared to the Company's guidance of $79.0 to $94.0 million. Adjusted EBITDA(a) for the year ended December 31, 2020 is expected to be in the range of $81.5 to $84.5 million as compared to the Company's guidance of $140.0 to $155.0 million.________\n\n(a)\nAdjusted EBITDA is calculated by adding stock-based compensation expense, depreciation and amortization expense, amortization of intangible assets, other income, net of expenses and provision for income taxes to GAAP net income. See \"Non-GAAP Financial Information Reconciliation.\"\nSelected Operating Metrics\nThe number of approved members for Medicare Advantage products grew 30% during the fourth quarter of 2020 compared to the four...