The company has not filed an annual or quarterly report since its Q3 FY2021 10-Q, filed Nov 3, 2021. Its latest SEC filing is a SC 13G/A from Mar 10, 2022.
10-Q for Q3 FY2021, filed Nov 3, 2021
The sections below describe the company as of the FY2020 annual report.
Sells health-navigation applications and support services that connect employees and health plan members with providers, benefits and care programs, for large U.S. employers and health plans.
10-K for FY2020, filed Feb 24, 2021Castlight Health, Inc. (“Castlight”, “the Company” or “we”) provides health navigation solutions for large U.S. employers and health plans…View ↗
We sell our platform as a suite of branded and white-labeled digital health navigation applications to large U.S. employers and health…View ↗
In July 2019, we expanded our strategy to include health plans as potential customers and to package our product offerings to support user…View ↗
Employers and health plans pay for platform subscriptions over contract terms, generally three years, with invoices due in annual, quarterly or monthly installments; implementation work is generally sold for a fixed fee.
10-K for FY2020, filed Feb 24, 2021We sell our platform as a suite of branded and white-labeled digital health navigation applications to large U.S. employers and health…View ↗
Subscription Revenue. Subscription revenue recognition commences on the date that the Company’s subscription services are made available to…View ↗
Professional Services and Other Revenue. Professional services and other revenue is primarily comprised of implementation services related…View ↗
Deferred revenue consists of professional services and cloud-based subscription services that have been billed in advance of revenue being…View ↗
$146.7M
10-K for FY2020, filed Feb 24, 2021
$146.7M ↗
Large self-insured employers and health plans buy the platform; Castlight sells through a direct sales team and also works with benefit consultants, brokers, purchasing groups and health plan partners to find and support sales.
10-K for FY2020, filed Feb 24, 2021Our customers consist primarily of large self-insured employers and health plans, representing a wide range of industries, such as…View ↗
We operate a national direct sales organization focused on large employers and on health plans, and also maintain partner relationships to…View ↗
We also employ a team of professionals who maintain relationships with key industry participants, including benefit consultants, brokers…View ↗
10-K for FY2020, filed Feb 24, 2021
Significant customers represent more than 10% of the total revenue for the most recent period presented or more than 10% of accounts…View ↗
No. It lost $62.2M in .
10-K for FY2020, filed Feb 24, 2021
10-Q for Q3 FY2021, filed Nov 3, 2021
−$2MView ↗
8-K, filed Feb 17, 2022
As a result of Purchaser’s acceptance for payment of all Shares that were validly tendered and not validly withdrawn in accordance with the…View ↗
8-K, filed Jan 5, 2022
Pursuant to the Merger Agreement, upon the terms and subject to the conditions set forth therein, Parent will cause Merger Sub to commence…View ↗
8-K, filed Nov 2, 2021
Revenue in the range of $135 million to $140 million Non-GAAP operating loss of $4 million to income of $1 million Non-GAAP loss per share…View ↗
Grew. Revenue grew 49% in 4 years, from $98.7M in to $146.7M in , about 10% a year.
Health plans as customers
The earlier report frames the platform around employers and their employees; the latest also targets health plans and their members and supports health plans’ own applications.
10-K for FY2017, filed Mar 1, 2018 10-K for FY2020, filed Feb 24, 2021Castlight Health, Inc. (“Castlight”, “the Company” or "we") offers a comprehensive software-as-a-service (“SaaS”) platform that simplifies…View ↗
Castlight Health, Inc. (“Castlight”, “the Company” or “we”) provides health navigation solutions for large U.S. employers and health plans…View ↗
Our platform’s services-oriented architecture enables us to extend our technology for use beyond our own applications. This enables us to…View ↗
In July 2019, we expanded our strategy to include health plans as potential customers and to package our product offerings to support user…View ↗
Added human support
The earlier report describes a website and mobile experience; the latest adds technology-enabled phone and chat support through Care Guides.
10-K for FY2017, filed Mar 1, 2018 10-K for FY2020, filed Feb 24, 2021Comprehensive employee experience. We deliver a user experience that is designed to be the first place employees go whenever they have a…View ↗
In July 2019, we expanded our strategy to include health plans as potential customers and to package our product offerings to support user…View ↗
Competes with Accolade, Quantum, Grand Rounds, Evive, Alight, Virgin Pulse, ClearCost Health, Sapphire Digital, Healthcare Bluebook, HealthAdvocate, HealthSparq, Limeade, Sharecare, Welltok, Vitality, United Healthcare Group, Cigna, Anthem, Aetna, and Health Care Services
10-K for FY2020, filed Feb 24, 2021The health navigation market is evolving and highly competitive. We face competitive pressure from a number of traditional digital health…View ↗
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