Business
Health In Tech Announces Fourth Quarter and Full Year 2024 Financial Results
Health In Tech (Nasdaq: HIT), an Insurtech platform company backed by third-party AI technology, today announced its financial results for the fourth quarter and full year ended December 31, 2024.
About this update from Health In Tech, Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"Total audited revenue for 2024 was $19.5 million.","length":49,"tagName":"p"}]},{"val":[{"type":"text","content":"The first two months of 2025, our unaudited revenue is about $5.7million, more than 50% growth year over year for the first two months of 2024, and exceeded the revenue of the entire Q1 of 2024","length":193,"tagName":"p"}]},{"val":[{"type":"text","content":"Cash and cash equivalents were $7.8 million, and Total Current Liabilities were $2.1 million as of December 31, 2024","length":116,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":358,"olType":false},{"type":"text","content":"STUART, Fla., March 17, 2025 /PRNewswire/ — Health In Tech (Nasdaq: HIT), an Insurtech platform company backed by third-party AI technology, today announced its financial results for the fourth quarter and full year ended December 31, 2024.","length":240,"tagName":"p"},{"type":"image","alt":"HIT logo (PRNewsfoto/Health In Tech)","displaySize":"","headline":null,"caption":"HIT logo (PRNewsfoto/Health In Tech)","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":300,"url":"https://media.zenfs.com/en/prnewswire.com/89d391e2875c428c98a20d16ea6ac835"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/F4akBq099iZq9K8w.OiVHw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTUyOTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/89d391e2875c428c98a20d16ea6ac835","width":400,"height":300}},"href":"https://mma.prnewswire.com/media/1978505/HealthInTech_HIT_Primary_Color_Logo.html","hrefExternal":true},{"type":"text","content":"Financial Highlights for the Full Year 2024: ","length":44,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Cash and cash equivalents were $7.8 million as of December 31, 2024, compared to $2.4 million in the same period end of 2023","length":124,"tagName":"p"}]},{"val":[{"type":"text","content":"Account receivables were $1.6million as of December 31, 2024, compared to $2.2 million in the same period end of 2023. The accounts receivable turnover was 29 days in 2024.","length":172,"tagName":"p"}]},{"val":[{"type":"text","content":"Total liabilities were $2.6million as of December 31, 2024 compared to $5.4 million in the same period end of 2023. The number of enrolled employees (EEs) billed was 18,348, compared to 21,213 in the ...