Health Insurance Innovations posts 4th-quarter profit of $144,000

TAMPA, Fla. (AP) _ Health Insurance Innovations Inc. (HIIQ) on Thursday reported fourth-quarter net income of $144,000.

On a per-share basis, the Tampa, Florida-based company said it had net income of 2 cents. Earnings, adjusted for non-recurring costs, came to 10 cents per share.

The Web-based health coverage provider posted revenue of $33.6 million in the period.

For the year, the company reported net income of $601,000, or 8 cents per share, swinging to a profit in the period. Revenue was reported as $104.7 million.

Health Insurance Innovations expects full-year earnings in the range of 34 cents to 38 cents per share, with revenue in the range of $130 million to $136 million.

Health Insurance Innovations shares have decreased 11 per cent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.95, a fall of 21 per cent in the last 12 months.


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Keywords: Health Insurance Innovations, Earnings Report