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August 31, 2015 2:12 PM ET

Health Care Technology

Company Overview of Connecture, Inc.

Company Overview

Connecture, Inc., together with its subsidiaries, operates as a Web-based consumer shopping, enrollment, and retention platform for health insurance distribution. It serves health insurance marketplace operators, such as health plans, brokers, and exchange operators. The company was formerly known as SimplyHealth.com, Inc. and changed its name to Connecture, Inc. in 2002. Connecture, Inc. was founded in 1999 and is headquartered in Brookfield, Wisconsin.

18500 West Corporate Drive

Suite 250

Brookfield, WI 53045

United States

Founded in 1999

427 Employees

Phone:

262-432-8282

Fax:

262-432-0075

Key Executives for Connecture, Inc.

Chief Executive Officer, President and Director
Age: 59
Total Annual Compensation: $1.6M
Chief Financial Officer and Corporate Secretary
Age: 42
Total Annual Compensation: $568.4K
Senior Vice President and General Manager of Insureadvantage
Age: 60
Total Annual Compensation: $531.0K
Executive Vice President of Strategy and Corporate Development
Age: 51
Total Annual Compensation: $433.1K
Compensation as of Fiscal Year 2014.

Connecture, Inc. Key Developments

Connecture, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Revises Earnings Guidance for the Year 2015

Connecture, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $23,393,000 compared to $19,201,000 a year ago. Loss from operations was $2,842,000 compared to $3,318,000 a year ago. Loss before income taxes was $4,267,000 compared to $5,441,000 a year ago. Net loss was $4,259,000 compared to $5,438,000 a year ago. Basic and diluted loss per share was $0.20 compared to $34.77 a year ago. Adjusted EBITDA was $393,000 compared to $1,673,000 a year ago. Strong growth during the quarter was driven by new customer wins and further cross-selling within its health plan customer base. For the six months, the company reported revenue of $44,041,000 compared to $35,251,000 a year ago. Loss from operations was $6,531,000 compared to $8,848,000 a year ago. Loss before income taxes was $9,377,000 compared to $12,060,000 a year ago. Net loss was $9,358,000 compared to $12,071,000 a year ago. Basic and diluted loss per share was $0.43 compared to $76.11 a year ago. Net cash used in operating activities was $13,246,000 compared to $16,079,000 a year ago. Purchase of property and equipment was $407,000 compared to $396,000 a year ago. Adjusted EBITDA was $2,095,000 compared to $5,587,000 a year ago. For the third quarter of 2015, the company expects total revenue to be at least $21.8 million, adjusted EBITDA to be at least $1.2 million and net loss per share is expected to be no more than $0.16, based on an estimated basic and diluted weighted-average common share count of 22.0 million, and includes estimated non-cash stock compensation expense of $1.9 million, or $0.09 per share. For the year 2015, the company’s total revenue is expected to be in the range of $96.0 million to $100.0 million, down slightly from the previously expected range of $100.0 million to $104.0 million due primarily to lower support revenues expected from the state exchange project that the company starting to reduce it sinvolvement in during the second half of 2015. Adjusted EBITDA is expected to be in the range of $9.5 million to $11.5 million, down slightly from the previously expected range of $10.5 million to $12.5 million due to the factors impacting revised revenue guidance. Net loss per share is expected to be in the range of $0.19 to $0.28, based on an estimated basic and diluted weighted-average common share count of 22.0 million, and includes non-cash stock compensation expense of $5.0 million, or $0.23 per share.

Connecture, Inc. to Report Q2, 2015 Results on Aug 06, 2015

Connecture, Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Aug 06, 2015

Connecture, Inc., Q2 2015 Earnings Call, Aug 06, 2015

Connecture, Inc., Q2 2015 Earnings Call, Aug 06, 2015

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