Home News eHealth Boosts Revenue Expectations for 2023

eHealth Boosts Revenue Expectations for 2023

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Austin-based online health-insurance agency marketplace, eHealth, saw its share prices surge after announcing an upward revision to its revenue expectations for 2023. The company now forecasts a narrower-than-previously-anticipated loss, citing increased Medicare business and higher Medicare profit margins as contributing factors.

Share Price Soars

Following the announcement, shares of eHealth jumped by 15% to reach $6.41 during premarket trading.

Improved Projections

eHealth now anticipates a loss for 2023 in the range of $27 million to $32 million, a reduction from the previous forecast of $26 million to $46 million in losses.

In terms of revenue, eHealth now expects to report figures between $446 million and $454 million for the year 2023, up from the previously projected range of $439 million to $459 million.

Fourth-Quarter Outlook

Adjusted EBITDA

eHealth anticipates reporting adjusted earnings before interest, taxes, and depreciation (EBITDA) in the range of $10 million to $15 million for 2023. This is a significant improvement compared to the previous estimate, which ranged from an adjusted EBITDA loss of $3 million to an adjusted EBITDA of $17 million.

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