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Last $7.96 USD
Change Today -0.16 / -1.97%
Volume 461.4K
CSLT On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 6:40 PM 03/26/15 All times are local (Market data is delayed by at least 15 minutes).

castlight health inc-b (CSLT) Snapshot

Open
$8.02
Previous Close
$8.12
Day High
$8.26
Day Low
$7.95
52 Week High
03/26/14 - $27.09
52 Week Low
02/19/15 - $6.52
Market Cap
731.4M
Average Volume 10 Days
780.4K
EPS TTM
$-1.59
Shares Outstanding
33.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CASTLIGHT HEALTH INC-B (CSLT)

castlight health inc-b (CSLT) Related Businessweek News

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castlight health inc-b (CSLT) Details

Castlight Health, Inc. provides cloud-based software in the United States. Its software enables enterprises to understand and manage health care spending. It offers Enterprise Healthcare Cloud that transforms external and internal complex data into transparent and useful information. The company also provides communication and engagement, implementation, customer support, and training services. It serves self-insured employers in a range of industries, such as education, manufacturing, retail, technology, and government. The company was formerly known as Ventana Health Services and changed its name to Castlight Health, Inc. in April 2010. Castlight Health, Inc. was founded in 2008 and is headquartered in San Francisco, California.

345 Employees
Last Reported Date: 03/12/15
Founded in 2008

castlight health inc-b (CSLT) Top Compensated Officers

Co-Founder, Chief Executive Officer, Presiden...
Total Annual Compensation: $200.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $250.0K
Chief Revenue Officer
Total Annual Compensation: $23.5K
Compensation as of Fiscal Year 2013.

castlight health inc-b (CSLT) Key Developments

Castlight Health, Inc. Receives Statewide Contract from Association of California Water Agencies Joint Powers Insurance Authority

Castlight Health, Inc. announced that the Association of California Water Agencies Joint Powers Insurance Authority (ACWA/JPIA) has selected Castlight’s Enterprise Healthcare Cloud software platform to help the organization strategically manage its healthcare investment on behalf of almost 300 member agencies. Individuals who receive healthcare benefits from ACWA/JPIA will now be able to make more informed medical choices using Castlight. Working with Castlight, ACWA/JPIA plans to: Engage individual members to become activated healthcare consumers, including rewarding use of high-value providers and providing one stop access to employer-provided benefit programs. In doing so, ACWA/JPIA aims to improve the health and financial well-being of the membership and support worker productivity across member agencies statewide; Educate and empower Preferred Provider Organization participants in both the traditional deductible and high-deductible health plans. Castlight software will enable individual members to make informed choices, making the most of their healthcare dollars; and Effectively communicate with the broad-based ACWA/JPIA membership, efficiently providing information to individuals employed by different organizations and located across the Golden State.

Castlight Health, Inc. Presents at Raymond James & Associates 36th Annual Institutional Investors Conference, Mar-04-2015 09:15 AM

Castlight Health, Inc. Presents at Raymond James & Associates 36th Annual Institutional Investors Conference, Mar-04-2015 09:15 AM. Venue: JW Marriott Grande Lakes, 4040 Central Florida Parkway, Orlando, FL 32837, United States. Speakers: John C. Doyle, Chief Financial Officer, Principal Accounting Officer, Vice President and Treasurer.

Castlight Health, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year 2015

Castlight Health, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, total revenue was $14,487,000 against $14,487,000 a year ago. Operating loss was $19,748,000 against $20,002,000 a year ago. Net loss was $19,684,000 against $19,973,000 a year ago. Net loss per basic and diluted share was $0.22 was compared to a loss of $1.90 per share a year ago. Net cash used in operating activities was $11,544,000 against $14,543,000 a year ago. Purchase of property and equipment, net was $462,000 against $308,000 a year ago. Non-GAAP operating loss was $15,290,000 compared to a non-GAAP operating loss of $18,813,000 a year ago. Non-GAAP net loss was $15,226,000 against non-GAAP net loss of $18,784,000 a year ago. Non-GAAP loss per share was $0.17 compared to a loss of $1.79 per share a year ago. For the year, total revenue was $45,605,000 against $12,973,000 a year ago. Operating loss was $86,158,000 against $62,339,000 a year ago. Net loss was $85,940,000 against $62,182,000 a year ago. Net loss per basic and diluted share was $1.16 was compared to a loss of $6.28 per share a year ago. Net cash used in operating activities was $54,637,000 against $50,064,000 a year ago. Purchase of property and equipment, net was $1,860,000 against $2,587,000 a year ago. Non-GAAP operating loss was $69,601,000 compared to a non-GAAP operating loss of $59,777,000 a year ago. Non-GAAP net loss was $69,383,000 against non-GAAP net loss of $59,620,000 a year ago. Non-GAAP loss per share was $0.93 compared to a loss of $6.03 per share a year ago. For the first quarter 2015 the company’ revenue is expected to be in the range of $15.3 million to $15.6 million, an increase of 82% to 86% year-over-year. Non-GAAP operating loss is expected to be in the range of $16.5 million to $17.5 million. Non-GAAP basic and diluted loss per share is expected to be approximately $0.18 to $0.19 based on 91 million weighted average basic and diluted common shares outstanding. Full year 2015, the company’s revenue is expected to be in the range of $74.0 million to $77.0 million, an increase of 62% to 69% year-over-year. Non-GAAP operating loss is expected to be in the range of $64.0 million to $67.0 million. Non-GAAP basic and diluted loss per share is expected to be in the range of $0.69 to $0.73 based on 92 to 93 million weighted average basic and diluted common shares outstanding. The company is projecting cash used in operations of $44 million to $47 million in 2015.

 

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Industry Analysis

CSLT

Industry Average

Valuation CSLT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 16.1x
Price/Book 4.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 12.1x
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