eHealth, Inc. (NASDAQ:EHTH) Files An 8-K Results of Operations and Financial ConditionItem 2.02 of the Original 8-K, solely for the purpose of correcting errors related to the information provided for non-GAAP net income per diluted share and the reconciliation of non-GAAP net income per diluted share to GAAP net income per diluted share, as described below.
Section 2 – Financial Information
Item 2.02 Results of Operations and Financial Condition.
On July 27, 2017, eHealth, Inc. (the “Company”) issued an earnings release (the “Release”) announcing its financial results for the quarter ended June 30, 2017. Certain information in the Release regarding the Company’s non-GAAP financial results for the six months ended June 30, 2017 was misstated, as follows:
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Non-GAAP net income per diluted share was reported as $1.01 in the text on page 3 of the Release and in the reconciliation of GAAP net income per diluted share to non-GAAP net income per diluted share. The actual non-GAAP net income per diluted share was $1.14. |
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Stock-based compensation expense per diluted share was reported as $0.14 in the reconciliation of GAAP net income per diluted share to non-GAAP net income per diluted share. The actual stock-based compensation expense per diluted share was $0.25. |
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Amortization of intangible assets per diluted share was reported as $0.01 in the reconciliation of GAAP net income per diluted share to non-GAAP net income per diluted share. The actual amortization of intangible assets per diluted share was $0.03. |
These misstatements did not impact any of the Company’s other earnings release disclosures nor was there any impact to the Company’s GAAP financial statements.
The information in Item 2.02 of this Current Report on Form 8-K/A is intended to be “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended. Except as shall be expressly set forth by specific reference in such filing, the information contained herein and in the accompanying exhibit shall not be incorporated by reference into any filing with the Securities and Exchange Commission made by the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing. This Current Report on Form 8-K/A should be read in conjunction with the Original 8-K.
About eHealth, Inc. (NASDAQ:EHTH)
eHealth, Inc. provides a private online source of health insurance for individuals, families and small businesses. The Company is the parent company of eHealthInsurance, a private health insurance exchange where individuals, families and small businesses can compare health insurance products from various insurers side-by-side, and purchase and enroll in coverage online through its Websites (www.eHealth.com, www.eHealthInsurance.com, www.eHealthMedicare.com, www.Medicare.com and www.PlanPrescriber.com) or telephonically through its customer care centers. The Company also offers various online and pharmacy-based tools to help seniors navigate Medicare health insurance options, choose the right plan, and enroll in plans online or telephonically. It markets the availability of individual and family, small business and ancillary health insurance plans of various insurance carriers through its e-commerce platforms (www.eHealth.com and www.eHealthInsurance.com).
