eHealth Third-Quarter Revenue Falls 60% as Net Loss Widens
eHealth reported third-quarter revenue of $21.28 million and EPS of negative $1.57. Lower Medicare enrollment and reduced prior-period commission adjustments drove the 60% year-over-year revenue decline; marketing reductions and cost controls lowered operating expenses but did not offset weaker revenue.
eHealth’s third-quarter revenue fell 60% year over year, while its net loss widened. Lower Medicare enrollment and reduced prior-period commission adjustments drove the revenue decline; targeted marketing reductions and cost controls lowered operating expenses, but not enough to offset weaker reven…