eHealth, Inc. Files Q2 2024 10-Q Report
Ticker: EHTH · Form: 10-Q · Filed: Aug 7, 2024 · CIK: 1333493
| Field | Detail |
|---|---|
| Company | Ehealth, Inc. (EHTH) |
| Form Type | 10-Q |
| Filed Date | Aug 7, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, earnings, financials
TL;DR
eHealth's Q2 2024 10-Q is in. Check financials.
AI Summary
eHealth, Inc. filed its 10-Q for the period ending June 30, 2024. The filing covers the second quarter of 2024 and provides financial details for the company. Specific financial figures and operational updates are detailed within the report.
Why It Matters
This 10-Q filing provides investors and analysts with the latest financial performance and operational status of eHealth, Inc. for the second quarter of 2024.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing with no immediate red flags or significant new risks highlighted.
Key Numbers
- 2024 Q2 — Reporting Period (Financials for the second quarter of 2024 are detailed.)
- 2024-06-30 — Period End Date (The end date for the financial reporting period.)
- 2024-08-07 — Filing Date (The date the 10-Q was officially filed with the SEC.)
Key Players & Entities
- eHealth, Inc. (company) — Filer of the 10-Q report
- 20240630 (date) — End of the reporting period
- 20240807 (date) — Filing date of the report
- AUSTIN (location) — City of eHealth's business and mail address
- 737-248-2340 (phone_number) — Business phone number for eHealth, Inc.
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended June 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on August 7, 2024.
What is the company's primary business address?
The company's business address is 13620 Ranch Road 620 N, Suite A250, Austin, TX 78717.
What is the fiscal year end for eHealth, Inc.?
The fiscal year end for eHealth, Inc. is December 31.
What is the SIC code for eHealth, Inc.?
The Standard Industrial Classification (SIC) code for eHealth, Inc. is 6411, which corresponds to Insurance Agents, Brokers & Services.
Filing Stats: 4,580 words · 18 min read · ~15 pages · Grade level 20 · Accepted 2024-08-07 16:15:57
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share EHTH The Nasdaq Stock Market
Filing Documents
- ehth-20240630.htm (10-Q) — 2034KB
- exhibit101stelbenconsultin.htm (EX-10.1) — 71KB
- a2024q2ex311.htm (EX-31.1) — 10KB
- a2024q2ex312.htm (EX-31.2) — 10KB
- a2024q2ex321.htm (EX-32.1) — 6KB
- a2024q2ex322.htm (EX-32.2) — 6KB
- 0001333493-24-000126.txt ( ) — 8776KB
- ehth-20240630.xsd (EX-101.SCH) — 58KB
- ehth-20240630_cal.xml (EX-101.CAL) — 94KB
- ehth-20240630_def.xml (EX-101.DEF) — 221KB
- ehth-20240630_lab.xml (EX-101.LAB) — 662KB
- ehth-20240630_pre.xml (EX-101.PRE) — 450KB
- ehth-20240630_htm.xml (XML) — 1345KB
FINANCIAL INFORMATION PAGE
PART I FINANCIAL INFORMATION PAGE
Financial Statements (Unaudited)
Item 1. Financial Statements (Unaudited) 2 Condensed Consolidated Balance Sheets 2 Condensed Consolidated Statements of Comprehensive Loss 3 Condensed Consolidated Statements of Stockholders' Equity 4 Condensed Consolidated Statements of Cash Flows 6 Notes to Condensed Consolidated Financial Statements 7
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 26
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 48
Controls and Procedures
Item 4. Controls and Procedures 49 PART II OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 50
Risk Factors
Item 1A. Risk Factors 50
Other Information
Item 5. Other Information 78
Exhibits
Item 6. Exhibits 79
Signatures
Signatures 80 1 Table of Contents
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS EHEALTH, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, unaudited) June 30, 2024 December 31, 2023 Assets Current assets: Cash and cash equivalents $ 126,344 $ 115,722 Short-term marketable securities 24,721 5,930 Accounts receivable 1,183 3,993 Contract assets – commissions receivable – current 194,306 244,663 Prepaid expenses and other current assets 9,298 12,044 Total current assets 355,852 382,352 Contract assets – commissions receivable – non-current 637,568 673,514 Property and equipment, net 4,355 4,864 Operating lease right-of-use assets 13,435 22,767 Restricted cash 3,090 3,090 Other assets 24,315 26,758 Total assets $ 1,038,615 $ 1,113,345 Liabilities, convertible preferred stock and stockholders' equity Current liabilities: Accounts payable $ 4,957 $ 7,197 Accrued compensation and benefits 20,012 40,800 Accrued marketing expenses 7,842 20,340 Short term debt 68,662 — Lease liabilities – current 7,360 7,070 Other current liabilities 7,463 3,131 Total current liabilities 116,296 78,538 Long-term debt — 67,754 Deferred income taxes – non-current 27,057 29,687 Lease liabilities – non-current 24,380 28,333 Other non-current liabilities 4,970 4,949 Total liabilities 172,703 209,261 Commitments and contingencies (Note 8) Convertible preferred stock 317,060 298,053 Stockholders' equity: Common stock 42 41 Additional paid-in capital 808,314 798,786 Treasury stock, at cost ( 199,998 ) ( 199,998 ) Retained earnings (accumulated deficit) ( 59,415 ) 7,284 Accumulated other comprehensive loss ( 91 ) ( 82 ) Total stockholders' equity 548,852 606,031 Total liabilities, convertible preferred stock and stockholders' equity $ 1,038,615 $ 1,113,345 The accompanying notes are an integral part of these condensed consolidated financial statements. 2 Table of Contents EHEALTH, INC. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (in thousands, except per share amounts, unaud