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On March 10, 2022, Benefitfocus, Inc. (NASDAQ: BNFT) announced a 95% satisfaction rating for its open enrollment services, attributing this success to significant investments in customer support. Key achievements included nearly 19 million enrollments, with 99% on-time starts for employers and 100% for health plans. The company focused on open enrollment readiness, accurate data exchange, and personalized support. Benefitfocus expanded its services in 2021 to address customer needs related to vaccine mandates and enhanced user interfaces.
Benefitfocus, Inc. (NASDAQ: BNFT) announced its fourth quarter and full year 2021 results showcasing a record Adjusted EBITDA of $49 million for the year. Q4 revenue reached $75.1 million, exceeding guidance. The company reported a GAAP net income of $1.2 million for Q4, with a non-GAAP net income of $8.3 million. Despite these achievements, full year revenue fell 2% year-over-year to $263.1 million, and GAAP net loss rose to ($32.2) million. Looking ahead, Benefitfocus anticipates a return to revenue growth by late 2022.
Benefitfocus (NASDAQ: BNFT) will report its fourth quarter and full year 2021 financial results on March 1, 2022, post-market. A conference call to discuss these results and the company's outlook will follow at 5:00 p.m. ET on the same day. Investors can join via phone or listen to a live webcast on the Investor Relations page of their website. A replay will be available until March 8, 2022. Benefitfocus is focused on simplifying benefits administration through innovative cloud-based solutions.
Benefitfocus, a leader in benefits technology, has announced participation in the Piper Sandler 33rd Annual Virtual Healthcare Conference from November 30 to December 2, 2021. The company's CEO Matt Levin and CFO Alpana Wegner will present an on-demand fireside chat accessible on the conference website and Benefitfocus' investor relations page starting November 22, 2021, at 10:00 a.m. ET. Additionally, Benefitfocus will conduct one-on-one meetings with investors, arranged exclusively through Piper Sandler.
Benefitfocus, Inc. (NASDAQ: BNFT) announced that CEO Matt Levin and CFO Alpana Wegner will present at the Credit Suisse 30th Annual Virtual Healthcare Conference on November 10, 2021, at 4:20 p.m. ET. The event will feature a live webcast and a replay will be available on the Benefitfocus investor relations website. Benefitfocus specializes in benefits technology solutions that streamline benefits administration for employers, brokers, and health plans, aiming to enhance user experience and accessibility to various benefits products.
Benefitfocus, Inc. (NASDAQ: BNFT) reported its third quarter 2021 results, showing a revenue of $62.0 million, down 2% year-over-year, but above guidance. GAAP net loss amounted to $19.7 million, a significant increase from the previous year's loss of $6.0 million. However, non-GAAP EPS loss of $0.19 exceeded expectations. Noteworthy achievements included securing contracts for modernization projects in Wisconsin and Nevada and obtaining HITRUST CSF® Certification. Looking ahead, the company anticipates Q4 revenue between $66 million and $72 million, reaffirming full-year guidance of $254 million to $260 million.
Benefitfocus, Inc. (NASDAQ: BNFT) has appointed James Bradley Wilson as an independent director effective October 29, 2021. Wilson, former President and CEO of Blue Cross and Blue Shield of North Carolina, will also chair the Board’s nominating and governance committee. His extensive experience in health care innovation and leadership roles is expected to enhance the company's market position and shareholder value. Wilson aims to leverage his experience to advance Benefitfocus's mission and strengthen its offerings in the benefits administration sector.
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