Benefitfocus Inc (OQ:BNFT)

Business Focus: Enterprise Software

Sector:  Technology Industry:  Software
See Regulatory Filings on SEC
Company Contact
Address: 100 Benefitfocus Way
Tel: N/A
IR: See website
Key People
Mason R. Holland
Executive Chairman of the Board
Raymond A. August
President, Chief Executive Officer, Director
Lou Anne Gilmore
Interim Chief Financial Officer, Principal Financial Officer and Accounting Officer
Ken Haderer
Executive Vice President - Global Operations
James P. Restivo
Chief Technology Officer
Business Overview
Benefitfocus, Inc. (Benefitfocus) is a provider of cloud-based benefits management platform for consumers, employers, insurance carriers and brokers. The Benefitfocus Platform allows how organizations and individuals shop for, enroll in, manage and exchange benefits. The Company operates through two business segments: Employer, which derives its revenue from customers that use the Company's services for the provision of benefits to their employees, and administrators acting on behalf of employers, Carrier, which derives its revenue from insurance companies that provide coverage at their own risk. Its solutions support benefits plans, including healthcare, dental, life and disability insurance, and voluntary benefits plans, such as critical illness, supplemental income and wellness programs. It provides a multi-tenant cloud-based benefits management platform to the employer and carrier markets.
Financial Overview
For the three months ended 31 March 2019, Benefitfocus Inc revenues increased 10% to $68.3M. Net loss increased 3% to $14.2M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Interest expense increase from $1.3M to $5.8M (expense), General and administrative increase of 18% to $9.2M (expense).
Employees: 1,450 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $1,001M as of Mar 31, 2019
Annual revenue (TTM): $264.66M as of Mar 31, 2019
EBITDA (TTM): -$21.48M as of Mar 31, 2019
Net annual income (TTM): -$53.03M as of Mar 31, 2019
Free cash flow (TTM): -$17.42M as of Mar 31, 2019
Net Debt Last Fiscal Year: $131.15M as of Mar 31, 2019
Shares outstanding: 32,530,485 as of Apr 26, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization