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
Stephen M. Swad
Chief Financial 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 six months ended 30 June 2019, Benefitfocus Inc revenues increased 11% to $136.9M. Net loss increased 4% to $29.1M. 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 $2.7M to $11.7M (expense), Research and Development increase of 14% to $25.6M (expense), General and administrative increase of 13% to $18.7M (expense).
Employees: 1,450 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $982.66M as of Jun 30, 2019
Annual revenue (TTM): $272.66M as of Jun 30, 2019
EBITDA (TTM): -$17.20M as of Jun 30, 2019
Net annual income (TTM): -$53.71M as of Jun 30, 2019
Free cash flow (TTM): -$18.84M as of Jun 30, 2019
Net Debt Last Fiscal Year: $135.81M as of Jun 30, 2019
Shares outstanding: 32,696,997 as of Aug 5, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization