From RTTNews:

eHealth, Inc. (EHTH) has announced preliminary, unaudited financial results, projecting a GAAP net income for the fourth quarter in the range of $47 to $52 million. Total revenue is expected to be in the range of $241 to $249 million, with adjusted EBITDA projected to be in the range of $65 to $70 million.

The company also expects a GAAP net loss for the year ended December 31, 2023, to be in the range of $32 to $27 million, with total revenue expected to be in the range of $446 to $454 million. Adjusted EBITDA for the year is projected to be in the range of $10 to $15 million.

EHealth CEO, Fran Soistman, highlighted the company’s strong year-over-year revenue and Medicare enrollment growth in the fourth quarter. Their full year 2023 operating cash flow is also showing substantial improvement compared to the previous year, driven by favorable commission collections from existing member cohorts and a disciplined approach to operating costs.

Following the news, shares of eHealth are up 16% in pre-market trade on Friday.

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