Fourth Quarter 2016 Consolidated Financial HighlightsRevenue was $51.4 million, an increase of 53.0% over $33.6 million in the fourth quarter of 2015. Fourth Quarter Financial DiscussionFourth quarter revenues of $51.4 million increased 53.0%, compared to the fourth quarter of 2015, driven primarily by an increase in policies in force and accelerating sales in the fourth quarter through the ACA open enrollment period. Adjusted earnings per share was $0.35 in the fourth quarter of 2016 compared to $0.10 in the fourth quarter of 2015. Adjusted EBITDA is calculated as EBITDA adjusted for items that are not part of regular operating activities, including restructuring costs, tax receivable adjustments and other non-cash items such as stock-based compensation. Net Income attributable to Health Insurance Innovations, Inc for the fourth quarter was a loss of $0.2 million, compared a profit of $0.2 million in the fourth quarter of 2015.
Health Insurance Innovations, Inc. (HIIQ) moves up at least 6.62% on its earnings reaction day
Nonetheless, and in the immediate aftermath of reporting, investor reaction in Health Insurance Innovations, Inc. (HIIQ) stock has proven to be much more bearish. The price moves in Health Insurance Innovations, Inc. post earnings have produced an average increase of 6.62% and an average increase of 13.46% on next day and seventh day, sequentially. August 08, 2016: Health Insurance Innovations, Inc. (HIIQ) reported Q2 earnings of $0.27, beating consensus estimates of $0.06. Health Insurance Innovations, Inc. (NASDAQ:HIIQ) is trading up on a volume of 0.25 million, or 0.6 times its standard daily volume. Post-earnings, Health Insurance Innovations, Inc. stock ranged between $6.05 and $6.3 after opening the day (03/04/2016) at $6.25.
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