eHealth, Inc. (NASDAQ:EHTH) tantalized investors Tuesday morning with news it intends to offer and sell, subject to market and other conditions, 1,500,000 shares of its common stock in an underwritten public offering pursuant to eHealth's existing shelf registration statement.
The Santa Clara, Calif-based organization said, in connection with this offering, eHealth expects to grant the underwriters a 30-day option to purchase up to 225,000 additional shares of its common stock. eHealth intends to use the net proceeds of the offering for general corporate purposes, including working capital.
RBC Capital Markets, Credit Suisse and Deutsche Bank Securities are acting as joint book-running managers for the offering. Craig-Hallum Capital Group, Raymond James and SunTrust Robinson Humphrey are acting as co-managers for the offering.
EHTH trotted out earnings a couple of weeks ago, and unleashed Q4 Non-GAAP EPS of $4.13, which beat estimates by $1.63; GAAP EPS of $3.58 beat by $1.36. Revenue of $301.75 million (an improvement year-over-year of 123.7%), beat by $56.07 million.
EHTH shares docked 24 cents to $123.63.
Related Stories
