$1.6 B

BNFT Mkt cap, 14-Dec-2018

$61 M

Benefitfocus Revenue Q3, 2018
Benefitfocus Gross profit (Q3, 2018)29.3 M
Benefitfocus Gross profit margin (Q3, 2018), %48%
Benefitfocus Net income (Q3, 2018)-11.6 M
Benefitfocus EBIT (Q3, 2018)-8.3 M
Benefitfocus Cash, 30-Sep-201851.1 M

Benefitfocus Revenue

Benefitfocus revenue was $256.74 m in FY, 2017

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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

Benefitfocus Income Statement

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

Gross profit Margin, %

40%36%44%48%52%

Sales and marketing expense

36.1m58.6m55.5m69.3m

R&D expense

23.5m52.3m56.6m49.5m

General and administrative expense

11.0m25.7m32.8m27.3m

Operating expense total

70.5m136.6m144.8m146.1m

EBIT

(28.2m)(58.9m)(54.3m)(32.2m)(13.5m)

EBIT margin, %

(27%)(43%)(29%)(14%)(5%)

Interest expense

2.1m

Interest income

46.0k77.0k188.0k138.0k182.0k

Pre tax profit

(30.4m)(63.2m)(62.1m)(40.0m)(25.9m)

Income tax expense

(31.0k)25.0k25.0k17.0k15.0k

Net Income

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

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%

Sales and marketing expense

7.4m11.0m14.1m12.1m15.5m15.8m14.2m13.6m14.8m13.6m17.3m17.6m16.2m19.9m18.4m17.7m

R&D expense

6.6m8.8m10.4m11.5m11.8m13.3m13.0m15.0m14.2m14.1m12.2m12.5m12.6m12.0m12.1m10.7m

General and administrative expense

2.6m3.5m4.3m5.0m5.4m6.4m6.8m8.4m8.3m7.7m7.8m5.9m6.9m9.7m10.4m9.3m

Operating expense total

16.7m23.3m28.7m28.6m32.7m35.5m34.0m37.0m37.2m35.4m37.2m36.0m35.6m41.6m40.9m37.6m

EBIT

(6.8m)(11.8m)(17.4m)(17.8m)(12.5m)(16.4m)(14.8m)(11.5m)(9.1m)(6.5m)(4.6m)(1.5m)(3.6m)(10.7m)(11.1m)(8.3m)

EBIT margin, %

(26%)(39%)(54%)(52%)(29%)(38%)(33%)(21%)(16%)(11%)(7%)(2%)(6%)(17%)(18%)(14%)

Interest expense

113.0k588.0k797.0k1.1m

Interest income

8.0k26.0k24.0k14.0k18.0k56.0k56.0k56.0k36.0k25.0k27.0k47.0k55.0k58.0k68.0k73.0k

Pre tax profit

(6.9m)(12.4m)(18.2m)(18.9m)(14.6m)(18.3m)(16.7m)(13.3m)(11.0m)(8.6m)(7.7m)(4.5m)(6.7m)(13.8m)(14.3m)(11.6m)

Income tax expense

(59.0k)14.0k15.0k(9.0k)15.0k5.0k5.0k5.0k5.0k5.0k5.0k5.0k4.0k5.0k13.0k

Net Income

(6.8m)(12.4m)(18.2m)(18.9m)(14.6m)(18.3m)(16.7m)(13.4m)(11.0m)(8.6m)(7.7m)(4.5m)(6.7m)(13.8m)(14.3m)(11.6m)

Benefitfocus Balance Sheet

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

PP&E

27.4m54.0m55.0m80.5m72.7m

Goodwill

1.6m1.6m1.6m1.6m1.6m

Total Assets

139.6m140.0m182.1m180.4m165.1m

Accounts Payable

4.4m5.6m8.0m5.8m4.3m

Short-term debt

Current Liabilities

41.9m56.7m105.6m92.1m93.9m

Long-term debt

Total Debt

Total Liabilities

128.2m200.1m213.7m204.4m

Additional Paid-in Capital

214.5m223.4m310.3m335.1m355.3m

Retained Earnings

(203.1m)(266.3m)(328.3m)(368.4m)(394.7m)

Total Equity

11.4m(18.0m)(33.3m)(39.3m)

Financial Leverage

12.2 x-10.1 x-5.4 x-4.2 x

Benefitfocus Cash Flow

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

Accounts Receivable

(10.3m)2.4m(7.8m)(3.9m)2.7m

Inventories

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

Accounts Payable

2.6m(199.0k)3.4m(1.8m)(1.4m)

Cash From Operating Activities

1.1m(14.6m)(3.0m)

Purchases of PP&E

(8.9m)(9.8m)(14.7m)(12.7m)(8.3m)

Cash From Investing Activities

(22.1m)(2.0m)(50.2m)

Long-term Borrowings

(7.4m)

Interest Paid

2.1m2.4m6.5m6.7m10.9m

Income Taxes Paid

169.0k38.0k18.0k7.0k14.0k

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 Receivable

(7.9m)5.4m2.3m5.7m2.5m(614.0k)(814.0k)(3.6m)(1.6m)(1.7m)5.7m5.0m(508.0k)54.0k3.0m2.1m

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

Purchases of PP&E

(6.7m)(2.1m)(3.7m)(8.0m)(6.0m)(8.1m)(11.0m)(2.6m)(5.0m)(10.9m)(2.1m)(3.8m)(6.2m)(1.6m)(3.6m)(5.9m)

Cash From Investing Activities

(6.7m)(15.1m)(7.1m)(2.1m)(39.8m)(51.1m)(48.3m)(1.6m)(3.6m)(5.9m)

Long-term Borrowings

(7.4m)

Cash From Financing Activities

(1.8m)

Interest Paid

248.0k

Income Taxes Paid

168.0k

Benefitfocus Ratios

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 Employee Rating

3.6671 votes
Culture & Values
3.8
Work/Life Balance
3.3
Senior Management
3.4
Salary & Benefits
3.5
Career Opportunities
3.5
Source