December 02, 2016 7:57 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 in the United States. It serves health insurance marketplace operators, including 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

411 Employees

Phone:

262-432-8282

Fax:

262-432-0075

Key Executives for Connecture, Inc.

Chief Executive Officer, President and Director
Age: 48
Total Annual Compensation: $59.7K
Chief Financial Officer and Corporate Secretary
Age: 43
Total Annual Compensation: $280.0K
Chief Delivery Officer
Age: 61
Total Annual Compensation: $531.0K
Compensation as of Fiscal Year 2015.

Connecture, Inc. Key Developments

Connecture, Inc. Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended September 30, 2016; Revises Earnings Guidance for the Full Year of 2016

Connecture, Inc. announced unaudited consolidated earnings results for third quarter and nine months ended September 30, 2016. For the quarter, the company reported revenue of $24,729,000, loss from operations of $2,511,000, loss before income taxes of $3,151,000, adjusted LBITDA of $634,000, net loss of $3,066,000 or $0.18 per basic and diluted share, compared to the revenue of $22,667,000, loss from operations of $894,000, loss before income taxes of $2,331,000, adjusted EBITDA of $1,785,000, net loss of $2,308,000 or $0.11 per basic and diluted share, a year ago. The increase in revenue was primarily driven by higher revenue in the company’s Enterprise/Commercial segment from the satisfaction of certain customer obligations during the third quarter of 2016. Excluding revenue from the company’s Enterprise/State segment, which declined by $2.4 million in the third quarter of 2016 compared to the third quarter of 2015, revenue in the third quarter of 2016 increased by approximately 23%, compared to the third quarter of 2015. Cash used in operations for the three months ended September 30, 2016, was $1.7 million, compared to $1.6 million for the same period last year. For the year to date, the company reported revenue of $61,015,000, loss from operations of $15,572,000, loss before income taxes of $20,362,000, net cash used in operating activities of $17,165,000, adjusted LBITDA of $10,007,000, net loss of $20,302,000 or $0.99 per basic and diluted share, compared to the revenue of $66,708,000, loss from operations of $7,425,000, loss before income taxes of $11,708,000, net cash used in operating activities of $14,809,000, adjusted LBITDA of $310,000, net loss of $11,666,000 or $0.54 per basic and diluted share, for the same period a year ago. Purchases of property and equipment were $670,000 compared to $1,177,000 a year ago. The company revised earnings guidance for the full year of 2016. The company is reiterating its full year 2016 guidance for total revenue and revising guidance on adjusted EBITDA as indicated as total revenue is expected to be in the range of $85.0 million to $88.0 million. Adjusted EBITDA is expected to be in the range of zero to $2.0 million, down from the previously expected range of zero to $2.0 million, due primarily to the impact of certain one-time severance costs and the impact of higher than expected outside contractor costs in support of implemented customers.

Connecture, Inc. to Report Q3, 2016 Results on Nov 07, 2016

Connecture, Inc. announced that they will report Q3, 2016 results at 5:00 PM, Eastern Standard Time on Nov 07, 2016

Connecture, Inc., Q3 2016 Earnings Call, Nov 07, 2016

Connecture, Inc., Q3 2016 Earnings Call, Nov 07, 2016

Similar Private Companies By Industry

Company Name Region
[m]pirik LLC United States
1747, Inc. United States
1EQ, Inc. United States
20over8, Inc. United States
21CT, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 7, 2016
ConnectedHealth, LLC
Private Placement
March 11, 2016
--
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Bloomberg L.P. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Connecture, Inc., please visit www.connecture.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.