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Castlight Health (NYSE:CSLT) will participate in the Credit Suisse 30th Annual Healthcare Conference on November 9, 2021, at 3:30 pm ET. CEO Maeve O'Meara and CFO Will Bondurant will engage in a fireside chat. The event will be accessible via a webcast and accompanying presentation materials on Castlight's website.
Castlight Health aims to simplify healthcare navigation for individuals, working with Fortune 500 companies to enhance employee benefits and improve health outcomes.
Castlight Health, Inc. (NYSE:CSLT) will release its third quarter 2021 financial results on November 2, 2021, after market close. A conference call hosted by senior management will review the company's performance at 5:00 p.m. Eastern Time. Participants can dial in at (833) 238-7953 or access the live webcast at ir.castlighthealth.com. The replay will be available starting at 8:00 p.m. ET on the same day for one week. Castlight aims to enhance healthcare navigation for employees and maximize healthcare investment returns.
Castlight Health (NYSE:CSLT), a frontrunner in healthcare navigation, announced its participation in two upcoming investor conferences. The Colliers 2021 Institutional Investor Conference is scheduled for September 9, 2021, where CFO Will Bondurant will engage in one-on-one meetings. Following this, the 2021 Cantor Global Healthcare Conference will occur on September 27, 2021; both Will Bondurant and CEO Maeve O'Meara will partake in a fireside chat at 3:20 PM ET. Castlight aims to streamline the healthcare experience for users.
Castlight Health (CSLT) released an updated analysis showcasing its healthcare navigation platform's impact on medical spending in 2020. The study demonstrated that users of Castlight's services had lower total medical costs compared to non-users, despite a general decline in healthcare spending due to COVID-19. The analysis involved 2.5 million eligible lives from 48 customers, utilizing risk-adjusted data and predictive modeling from DxCG Intelligence. The report highlights the critical role of digital health and telehealth in adapting to changing healthcare demands.
Castlight Health (NYSE: CSLT) has announced the addition of four new partners to its digital health ecosystem, aimed at addressing employee health challenges intensified by the pandemic. The new partners include Spring Health, WW, SWORD Health, and Progyny (NASDAQ: PGNY), enhancing Castlight's offerings in mental health, weight management, and fertility solutions. These partnerships will provide a unified platform for employers to support workforce health, improving engagement through integrated services and two-way data sharing, which typically boosts engagement by 45-55%.
Castlight Health (CSLT) reported its second quarter 2021 results, achieving total revenue of $35.6 million, slightly up from $35.5 million in Q2 2020. The company noted a GAAP gross margin of 65.9%, improving from 64.1% year-over-year, and reached its fifth consecutive quarter of non-GAAP profitability. Operating loss decreased to $2.4 million from $4.3 million. The company anticipates 2021 revenue between $135 million and $140 million. Cash provided by operations grew to $4.6 million from $3.1 million.
Castlight Health (CSLT) partners with Businessolver to enhance employee healthcare navigation via the Pinnacle Program. This collaboration aims to simplify benefits enrollment and improve access to health resources. While 81% of employers prioritize wellbeing, 73% of employees struggle to understand their benefits. The integration allows employees to access personalized care options and claims breakdowns, therefore improving engagement in health management.
Castlight Health (NYSE: CSLT) will announce its Q2 2021 financial results on August 3, 2021, after market close. A conference call is scheduled for 5:00 p.m. ET to discuss the results. Interested parties can join the call at (833) 238-7953 and should dial in five minutes early. The call will be available for replay for one week starting August 10, 2021, at (800) 585-8367. Castlight aims to enhance healthcare navigation through a digital platform, partnering with Fortune 500 companies to improve employee health outcomes.
Castlight Health (CSLT) has released a study in the Journal of Primary Care and Community Health revealing that 27% of over five million commercially insured individuals reside in areas with income levels at or below 200% of the Federal Poverty Level. These individuals face significant health disparities, including higher usage of emergency rooms (34% vs 9%) and prevalence of conditions such as diabetes (34% vs 8%). Despite the availability of certain health services, only 1% of employers offer healthy food programs. The study underscores the need for employers to address these social determinants of health for better workforce outcomes.
Castlight Health announced today its participation in the William Blair 41st Annual Growth Stock Conference on June 3, 2021, at 3:00 pm ET. The event will include one-on-one meetings and a presentation by senior management. Interested investors can access the webcast and related materials on the Investor Relations page. Castlight specializes in healthcare navigation, partnering with Fortune 500 companies to provide a comprehensive health and wellness experience, enhancing health outcomes and optimizing healthcare investments.
