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Last $36.35 USD
Change Today +1.73 / 5.00%
Volume 138.0K
BNFT On Other Exchanges
Symbol
Exchange
Berlin
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

benefitfocus inc (BNFT) Snapshot

Open
$34.57
Previous Close
$34.62
Day High
$36.88
Day Low
$34.07
52 Week High
06/18/15 - $47.49
52 Week Low
02/12/15 - $19.58
Market Cap
1.0B
Average Volume 10 Days
166.0K
EPS TTM
$-2.47
Shares Outstanding
28.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for BENEFITFOCUS INC (BNFT)

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benefitfocus inc (BNFT) Details

Benefitfocus, Inc. provides cloud-based benefits software solutions for consumers, employers, insurance carriers, and brokers under a software-as-a-service model in the United States. The company’s products for insurance carriers include eEnrollment that provides online enrollment for various benefits; eBilling, an electronic invoice presentment and payment solution; eExchange, a solution that bridges the communication gap between carrier and employer systems; and eSales that gives carriers and brokers tools to organize and manage accounts, track leads, generate quotes, and create proposals for various products. Its products for insurance carriers also comprise eDirect that enables carriers to sell policies directly to individuals; Marketplace, an online shopping environment, which allows customers to select from various benefits plan choices; and Data Cloud and Benefits Analytics, a data analytics solution. In addition, the company offers products for employers, including Benefitfocus Marketplace, which supports online enrollment, employee communication, and benefit administration; and Data Cloud and Benefits Analytics. Further, it provides professional and customer support services, such as implementation services, discovery, configuration and deployment, integration, testing, training and technical support, HR support center, and media and animation services. Additionally, it offers partner offerings, such as SuccessFactors that provides employee performance management solutions; WageWorks, which supports various benefits through a single sign-on from its platform; Spectra Integration that provides print fulfillment services; and BenefitStore, a solution that makes available directly to employees an array of ancillary benefits, as well as allows its partners and customers to develop custom apps that integrate directly with HR InTouch. The company was founded in 2000 and is headquartered in Charleston, South Carolina.

1,314 Employees
Last Reported Date: 02/27/15
Founded in 2000

benefitfocus inc (BNFT) Top Compensated Officers

Founder, Chief Executive Officer and Director
Total Annual Compensation: $561.7K
President and Chief Operating Officer
Total Annual Compensation: $181.3K
Chief Financial Officer and Secretary
Total Annual Compensation: $291.8K
Chief Commercial Officer
Total Annual Compensation: $415.0K
Compensation as of Fiscal Year 2014.

benefitfocus inc (BNFT) Key Developments

Biaggi’s Ristorante Italiano Selects BENEFITFOCUS® Marketplace to Automate Employee Benefits

Benefitfocus, Inc. announced that Biaggi's Ristorante Italiano has selected BENEFITFOCUS Marketplace to streamline its employee benefits plan management. With new benefits eligibility rules coming into effect under the Affordable Care Act, Benefitfocus is helping service industry businesses like Biaggi's manage the swell of employees who are now eligible for benefits. Benefitfocus Marketplace will help Biaggi’s reduce paper forms and provide convenient support and information so that employees can access all of their benefits information in one place and to-go on their smartphones. With so many newly eligible employees, the platform’s Communications Portal will modernize targeted communications to help guide individuals through the benefits cycle without needing to print and mail hundreds of paper packets. The content management system allows administrators to send relevant content via email or text message to specific employee segments and enables automated confirmation messages to be sent after an employee completes an activity such as enrollment.

Benefitfocus, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Full Year of 2015

Benefitfocus, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's revenue was $42.7 million compared with $32.3 million a year ago. The increase was driven by employer revenue growth of 45% and carrier revenue growth of 21%. Loss from operations was $16.4 million compared with $17.4 million a year ago. Loss before income taxes was $18.3 million compared with $18.2 million a year ago. Net loss was $18.3 million or $0.64 per basic and diluted share compared with $18.2 million or $0.72 per basic and diluted share a year ago. Non-GAAP operating loss was $13.4 million compared with $15.6 million a year ago. Adjusted EBITDA loss was $10.7 million compared with $13.5 million a year ago. Non-GAAP net loss was $15.3 million or $0.53 per basic and diluted share compared with $16.3 million or $0.65 per basic and diluted share a year ago. For the six months, the company's revenue was $85.4 million compared with $63.0 million a year ago. Loss from operations was $28.9 million compared with $29.2 million a year ago. Loss before income taxes was $32.9 million compared with $30.6 million a year ago. Net loss was $32.9 million or $1.19 per basic and diluted share compared with $30.6 million or $1.23 per basic and diluted share a year ago. Net cash and cash equivalents used in operating activities was $16.6 million compared with $7.2 million a year ago. Purchases of property and equipment were $8.1 million compared with $3.7 million a year ago. Non-GAAP operating loss was $23.95 million compared with $26.8 million a year ago. Adjusted EBITDA loss was $18.5 million compared with $22.3 million a year ago. Non-GAAP net loss was $28.0 million or $1.01 per basic and diluted share compared with $28.1 million or $1.13 per basic and diluted share a year ago. For the third quarter of 2015, the company's total revenue is expected to be in the range of $42.9 million to $43.4 million, non-GAAP net loss is expected to be in the range of $15.7 million to $15.2 million, or $0.55 to $0.53 per share. Adjusted EBITDA loss is expected to be in the range of $10.6 million to $10.1 million. For the full year 2015, the company's total revenue is expected to be in the range of $174.5 million to $176.5 million, non-GAAP net loss is expected to be in the range of $56.5 million to $54.5 million, or $2.00 to $1.93 per share. Adjusted EBITDA loss is expected to be in the range of $37.0 million to $35.0 million.

Benefitfocus, Inc., Q2 2015 Earnings Call, Aug 03, 2015

Benefitfocus, Inc., Q2 2015 Earnings Call, Aug 03, 2015

 

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