Benefitfocus provides a leading cloud-based benefits management platform that simplifies how organizations and individuals shop for, enroll in, manage and exchange benefits. The Company operates through the following segments: Employer and Carrier.

The Employer segment involves in providing products and services for employers, which include HR InTouch Marketplace, Benefit Informatics, HR Support Center, implementation services, media services, app development platform, and software-enabled services.

The Carrier segment offers products and services for insurance carriers, which include eEnrollment, eBilling, eExchange, eSales, eDirect, benefit informatics, implementation services, media and animation services, app development platform, and software-enabled services.

By delivering technology that integrates all benefits in one place, Benefitfocus provides a better way to engage consumers, educate employees and simplify benefit enrollment and management.

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Employee Rating

3.6More
TypePublic
HQCharleston, US
Founded2000
Size (employees)1,450 (est)+2%
Websitebenefitfocus.com
Benefitfocus was founded in 2000 and is headquartered in Charleston, US
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Key People/Management at Benefitfocus

Ray August

Ray August

President & Chief Executive Officer
Jim Restivo

Jim Restivo

Chief Technology Officer
Jonathon Dussault

Jonathon Dussault

CFO
Robert Dahdah

Robert Dahdah

Executive Vice President of Global Sales
Myra Frailey

Myra Frailey

Vice President of Corporate Project Management
Lou Anne Gilmore

Lou Anne Gilmore

Vice President of Corporate Development
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Benefitfocus Office Locations

Benefitfocus has offices in Charleston, Redwood City, Parsons, Louisville and in 26 other locations
Charleston, (HQ)
100 Benefitfocus Way
Greenville,
1016 Woods Crossing Rd
New York,
135 Madison Avenue
Salt Lake City,
10 West Broadway, Suite 700
Tulsa,
188 2488 E 81st St
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Benefitfocus Financials and Metrics

Benefitfocus Revenue

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Benefitfocus's revenue was reported to be $256.74 m in FY, 2017
USD

Revenue (Q3, 2018)

61.0m

Gross profit (Q3, 2018)

29.3m

Gross profit margin (Q3, 2018), %

48%

Net income (Q3, 2018)

(11.6m)

EBIT (Q3, 2018)

(8.3m)

Market capitalization (4-Dec-2018)

1.6b

Closing stock price (4-Dec-2018)

50.0

Cash (30-Sep-2018)

51.1m
Benefitfocus's current market capitalization is $1.6 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

104.8m137.4m185.1m233.3m256.7m

Revenue growth, %

31%35%26%

Cost of goods sold

62.4m87.5m102.9m120.7m124.2m

Gross profit

42.3m50.0m82.3m112.7m132.6m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

26.3m30.7m32.3m34.2m42.7m42.7m45.4m54.8m57.9m58.0m64.2m63.3m62.5m62.4m60.6m61.0m

Cost of goods sold

16.4m19.2m21.0m23.4m22.5m23.6m26.3m29.3m29.8m29.1m31.6m28.8m30.5m31.4m30.7m31.7m

Gross profit

9.9m11.5m11.3m10.8m20.2m19.1m19.2m25.5m28.1m28.9m32.6m34.5m32.0m31.0m29.9m29.3m

Gross profit Margin, %

38%37%35%32%47%45%42%47%49%50%51%54%51%50%49%48%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

65.6m51.1m48.1m56.9m55.3m

Accounts Receivable

23.7m21.3m27.6m28.3m30.2m

Inventories

4.3m4.2m5.7m4.4m

Current Assets

106.8m81.8m123.9m96.3m89.8m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(30.4m)(63.2m)(62.1m)(40.1m)(25.9m)

Depreciation and Amortization

8.2m9.5m11.7m13.1m15.9m

Inventories

(1.4m)833.0k(1.3m)1.6m

Accounts Payable

2.6m(199.0k)3.4m(1.8m)(1.4m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(22.0m)(12.4m)(30.6m)(49.5m)(14.6m)(32.9m)(49.6m)(13.4m)(24.4m)(33.0m)(7.7m)(12.2m)(18.9m)(13.8m)(28.1m)(39.7m)

Depreciation and Amortization

5.7m2.4m5.0m7.6m2.8m5.7m8.7m3.0m6.3m9.6m4.0m7.9m11.8m3.9m8.0m11.9m

Accounts Payable

3.9m(5.0k)(2.1m)(1.3m)(295.0k)1.4m117.0k(3.9m)(1.3m)(3.8m)(899.0k)(1.3m)(4.3m)2.7m(1.1m)4.4m

Cash From Operating Activities

2.3m
USDY, 2018

Financial Leverage

-4.9 x
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Benefitfocus Operating Metrics

Benefitfocus's Connections was reported to be 1.5 k in FY, 2016. Benefitfocus's Customers was reported to be 957 in Q3, 2017.
FY, 2014FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017

Customers

596 777 795 856 880 886 906 946 957

Connections

900 1.50 k1.50 k

Patents Issued

3 3 5

Patent Applications

8 7 5
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Benefitfocus Revenue Breakdown

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Benefitfocus revenue breakdown by business segment: 13.5% from Professional Services and 86.5% from Software Services

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Benefitfocus Online and Social Media Presence

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Benefitfocus News and Updates

Latest Innovation In Benefits Administration Software Market Application Analysis, Regional Outlook, Competitive Strategies- key players ADP, Workday, WEX Health, Benefitfocus, bswift

This report studies the global Benefits Administration Software Market , analyzes and researches the Market Research Software development status and forecast in United States, EU, Japan, China, India and Southeast Asia Posted via Industry Today. Follow us on Twitter @IndustryToday

Benefitfocus Strengthens Commitment to Brokers

CHARLESTON, S.C., Nov. 8, 2018 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), a leading cloud-based benefits management platform and services provider, today announced its commitment to the success of their broker community from the main stage of their first annual New Frontiers...

Benefitfocus to Present at the 2018 RBC Capital Markets Technology, Internet, Media and Telecommunications Conference

CHARLESTON, S.C., Nov. 06, 2018 (GLOBE NEWSWIRE) -- Benefitfocus, Inc. (NASDAQ: BNFT), a leading cloud-based benefits management platform and services provider, today announced that its Chief Financial Officer, Jonathon Dussault, will present at the RBC Capital Markets Technology, Internet, Media …

MyKlovr Signs Contract with Benefitfocus to Offer Unique College-Planning Benefit to Nearly 1,000 Corporate Clients

NEW YORK, Nov. 6, 2018 /PRNewswire/ -- MyKlovr has signed a contract with Benefitfocus (BNFT) to offer the first-ever virtual college counseling platform powered by artificial intelligence through Benefitfocus BenefitsPlace®, a platform which unifies the entire U.S. benefits industry on a ...

Benefitfocus and American Eagle to Share Best Practices on Plan Design for a Millennial Workforce at SHRM Annual Conference

CHICAGO, June 15, 2018 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), a leading cloud-based benefits management platform and services provider, today announced Jeff Oldham, Senior Vice President of Global and Institutional Markets at Benefitfocus, will present alongside Tammy...
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Benefitfocus Company Life and Culture

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Benefitfocus Frequently Asked Questions

  • When was Benefitfocus founded?

    Benefitfocus was founded in 2000.

  • Who are Benefitfocus key executives?

    Benefitfocus's key executives are Ray August, Jim Restivo and Jonathon Dussault.

  • How many employees does Benefitfocus have?

    Benefitfocus has 1,450 employees.

  • What is Benefitfocus revenue?

    Latest Benefitfocus annual revenue is $256.7 m.

  • What is Benefitfocus revenue per employee?

    Latest Benefitfocus revenue per employee is $177.1 k.

  • Who are Benefitfocus competitors?

    Competitors of Benefitfocus include Empyrean Benefit Solutions, Creative Realities and Darwinbox.

  • Where is Benefitfocus headquarters?

    Benefitfocus headquarters is located at 100 Benefitfocus Way, Charleston.

  • Where are Benefitfocus offices?

    Benefitfocus has offices in Charleston, Redwood City, Parsons, Louisville and in 26 other locations.

  • How many offices does Benefitfocus have?

    Benefitfocus has 30 offices.