2024 Q2 Form 10-Q Financial Statement

#000133349324000074 Filed on May 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $65.86M $92.96M $73.72M
YoY Change -1.37% 26.1% -29.95%
Cost Of Revenue $215.0K
YoY Change -269.29%
Gross Profit $73.51M
YoY Change -30.24%
Gross Profit Margin 99.71%
Selling, General & Admin $90.78M $104.6M $96.40M
YoY Change -2.04% 8.46% -31.27%
% of Gross Profit 131.14%
Research & Development $13.04M $13.31M $15.54M
YoY Change -10.04% -14.4% -20.95%
% of Gross Profit 21.15%
Depreciation & Amortization $4.278M $4.406M $5.245M
YoY Change -16.95% -16.0% 9.77%
% of Gross Profit 7.14%
Operating Expenses $13.04M $13.31M $15.54M
YoY Change -10.04% -14.4% -20.95%
Operating Profit -$27.96M -$17.91M -$22.89M
YoY Change 6.91% -21.77% -42.35%
Interest Expense $2.100M $2.809M $2.580M
YoY Change -8.7% 8.88%
% of Operating Profit
Other Income/Expense, Net $2.335M $2.391M -$592.0K
YoY Change 2062.04% -503.89% -42.02%
Pretax Income -$28.47M -$18.33M -$23.49M
YoY Change 9.33% -21.96% -42.34%
Income Tax -$500.0K -$1.300M -$3.600M
% Of Pretax Income
Net Earnings -$27.97M -$16.98M -$19.88M
YoY Change 19.01% -14.56% -39.29%
Net Earnings / Revenue -42.47% -18.27% -26.96%
Basic Earnings Per Share -$1.33 -$0.96 -$1.01
Diluted Earnings Per Share -$1.33 -$0.96 -$1.01
COMMON SHARES
Basic Shares Outstanding 29.12M shares 28.94M shares 27.61M shares
Diluted Shares Outstanding 29.23M shares 28.91M shares 27.65M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $151.1M $188.9M $202.7M
YoY Change -20.41% -6.79% -12.44%
Cash & Equivalents $126.3M $175.0M $180.6M
Short-Term Investments $24.72M $13.95M $22.06M
Other Short-Term Assets $9.298M $11.01M $11.27M
YoY Change -16.11% -2.31% -4.73%
Inventory
Prepaid Expenses $4.251M $5.876M $3.136M
Receivables $1.183M $1.407M $1.027M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $355.9M $404.4M $420.7M
YoY Change -8.81% -3.88% -6.42%
LONG-TERM ASSETS
Property, Plant & Equipment $4.355M $4.228M $4.994M
YoY Change -13.49% -15.34% -55.03%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $24.32M $25.37M $32.40M
YoY Change -19.23% -21.69% -9.83%
Total Long-Term Assets $682.8M $691.3M $662.4M
YoY Change 2.95% 4.36% -7.14%
TOTAL ASSETS
Total Short-Term Assets $355.9M $404.4M $420.7M
Total Long-Term Assets $682.8M $691.3M $662.4M
Total Assets $1.039B $1.096B $1.083B
YoY Change -1.41% 1.16% -6.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.957M $6.287M $5.273M
YoY Change -22.44% 19.23% -35.66%
Accrued Expenses $35.21M $57.54M $43.26M
YoY Change 3.87% 33.01% -0.98%
Deferred Revenue
YoY Change
Short-Term Debt $68.66M $68.20M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $116.3M $146.0M $51.47M
YoY Change 159.91% 183.76% -14.77%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $66.51M
YoY Change -100.0% -100.0% 2.34%
Other Long-Term Liabilities $4.970M $4.789M $4.400M
YoY Change 15.18% 8.84% -3.8%
Total Long-Term Liabilities $4.970M $4.789M $70.91M
YoY Change -93.02% -93.25% 1.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $116.3M $146.0M $51.47M
Total Long-Term Liabilities $4.970M $4.789M $70.91M
Total Liabilities $172.7M $205.4M $183.7M
YoY Change 0.1% 11.84% -11.32%
SHAREHOLDERS EQUITY
Retained Earnings -$59.42M -$20.43M $45.75M
YoY Change -562.88% -144.65% -70.15%
Common Stock $42.00K $42.00K $40.00K
YoY Change 5.0% 5.0% 2.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 12.50M shares
Shareholders Equity $548.9M $582.8M $627.9M
YoY Change
Total Liabilities & Shareholders Equity $1.039B $1.096B $1.083B
YoY Change -1.41% 1.16% -6.86%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income -$27.97M -$16.98M -$19.88M
YoY Change 19.01% -14.56% -39.29%
Depreciation, Depletion And Amortization $4.278M $4.406M $5.245M
YoY Change -16.95% -16.0% 9.77%
Cash From Operating Activities -$32.18M $70.76M $60.80M
YoY Change 241.34% 16.38% 29.06%
INVESTING ACTIVITIES
Capital Expenditures $2.854M $204.0K $67.00K
YoY Change 21.76% 204.48% 21.82%
Acquisitions
YoY Change
Other Investing Activities -$10.59M -$7.797M -$22.01M
YoY Change -25.36% -64.57% -172.44%
Cash From Investing Activities -$13.45M -$10.29M -$24.24M
YoY Change -18.68% -57.56% -192.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.982M -$1.259M -$439.0K
YoY Change 138.94% 186.79% -100.67%
NET CHANGE
Cash From Operating Activities -32.18M $70.76M $60.80M
Cash From Investing Activities -13.45M -$10.29M -$24.24M
Cash From Financing Activities -2.982M -$1.259M -$439.0K
Net Change In Cash -48.61M $59.26M $36.23M
YoY Change 78.64% 63.57% -73.87%
FREE CASH FLOW
Cash From Operating Activities -$32.18M $70.76M $60.80M
Capital Expenditures $2.854M $204.0K $67.00K
Free Cash Flow -$35.04M $70.56M $60.74M
YoY Change 197.62% 16.17% 29.07%

Facts In Submission

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<span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Significant Accounting Policies, Estimates and Judgments – </span>The preparation of condensed consolidated financial statements and related disclosures in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported and disclosed in the condensed consolidated financial statements and accompanying notes. On an ongoing basis, we evaluate our estimates, including those related to, but not limited to, the fair value of investments, the commissions we expect to collect for each approved member cohort, valuation allowance for deferred income taxes, provision for (benefit from) income taxes and the assumptions used in determining stock-based compensation. We base our estimates of the carrying value of certain assets and liabilities on historical experience and on various other assumptions that we believe to be reasonable. Actual results may differ from these estimates.
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CY2024Q1 ehth Incremental Common Shares Attributable To Options
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CY2024Q1 us-gaap Contractual Obligation
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NoncurrentAssets
29700000 usd
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13100000 usd
CY2024Q1 ehth Asset Impairment Charges Excluding Capitalized Computer Software
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5500000 usd
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1737000 usd
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1855000 usd
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576000 usd
CY2023Q1 us-gaap Sublease Income
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577000 usd
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1161000 usd
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1278000 usd
CY2024Q1 us-gaap Operating Lease Payments
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2231000 usd
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2102000 usd
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CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
6663000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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9099000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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4998000 usd
CY2024Q1 ehth Lessee Operating Lease Liability To Be Paid After Year Four
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3204000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
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38331000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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4840000 usd
CY2024Q1 us-gaap Operating Lease Liability
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CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
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5500000 usd
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5100000 usd
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400000 usd
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CY2024Q1 us-gaap Restructuring Reserve
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641000 usd
CY2024Q1 us-gaap Restructuring Charges
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CY2024Q1 us-gaap Income Tax Expense Benefit
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CY2024Q1 dei Document Period End Date
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CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
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false

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