Castlight Health offers a health benefits platform that engages employees to make healthcare decisions, and enables employers to communicate and measure their benefit programs. The Company operates through cloud-based products segment. Its technology offering aggregates data and applies analytics to make healthcare data transparent; its products deliver employee engagement and enable employers to integrate benefit programs into a single platform available to employees and their families; its health benefits platform engages external data and its substantial user base to provide a single, end-to-end solution that engages employees through personalized and relevant communications. The Company's offering provides employers the opportunity to communicate, measure, and get value out of their benefits and programs on a real-time basis.

Employee Rating

3.9More
TypePublic
HQSan Francisco, US
Founded2008
Size (employees)527 (est)
Websitecastlighthealth.com
Castlight Health was founded in 2008 and is headquartered in San Francisco, US
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Key People/Management at Castlight Health

John C. Doyle

John C. Doyle

CEO
Jennifer W. Chaloemtiarana

Jennifer W. Chaloemtiarana

General Counsel and Chief Compliance Officer
Siobhan Nolan Mangini

Siobhan Nolan Mangini

CFO
Vicki Ryan

Vicki Ryan

Chief People Officer
Maeve OMeara

Maeve OMeara

Executive Vice President, Product and Customer Experience
Neeraj Gupta

Neeraj Gupta

Senior Vice President, Engineering
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Castlight Health Office Locations

Castlight Health has offices in San Francisco, Chicago, Charlotte and Mountain View
San Francisco, (HQ)
400 150 Spear St
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Castlight Health Financials and Metrics

Castlight Health Revenue

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Castlight Health's revenue was reported to be $131.43 m in FY, 2017 which is a 29.2% increase from the previous period.
USD

Net income (Q3, 2018)

(7.3m)

EBIT (Q3, 2018)

(7.5m)

Market capitalization (4-Dec-2018)

343.7m

Closing stock price (4-Dec-2018)

2.5

Cash (30-Sep-2018)

46.9m
Castlight Health's current market capitalization is $343.7 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

45.6m75.3m101.7m131.4m

Revenue growth, %

65%35%29%

Cost of goods sold

27.8m33.8m34.6m47.2m

Gross profit

17.8m41.5m67.1m84.2m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

8.4m10.5m12.2m16.0m18.5m19.5m22.7m23.6m25.5m27.7m32.1m34.6m36.5m37.8m

Cost of goods sold

6.6m7.4m7.2m7.2m8.3m8.7m9.2m8.9m8.0m8.2m12.5m13.0m14.9m15.7m

Gross profit

1.8m3.1m5.1m8.8m10.3m10.9m13.5m14.6m17.5m19.5m19.6m21.6m21.5m22.1m

Gross profit Margin, %

21%30%41%55%55%56%59%62%69%70%61%62%59%58%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

17.4m19.2m48.7m61.3m

Accounts Receivable

11.1m12.8m14.8m20.8m

Current Assets

210.7m142.4m141.0m124.5m

PP&E

3.6m6.9m5.3m5.3m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

180.1m35.3m25.2m27.0m31.5m25.7m35.1m40.7m55.1m56.2m62.2m45.0m48.2m44.6m46.9m

Accounts Receivable

6.3m10.4m11.3m10.5m11.0m13.6m14.0m12.5m15.9m16.5m21.4m26.0m33.1m

Current Assets

231.3m176.2m200.2m203.4m185.4m169.8m143.5m149.4m144.0m132.1m131.8m126.6m111.4m108.4m103.6m

PP&E

3.1m3.2m3.2m3.5m4.5m6.3m6.6m6.5m5.9m5.1m5.2m5.7m4.8m5.2m4.8m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(85.9m)(79.9m)(58.5m)(55.6m)

Depreciation and Amortization

1.4m2.0m3.2m6.6m

Accounts Payable

147.0k646.0k(1.0m)764.0k

Cash From Operating Activities

(7.7m)(56.9m)(37.0m)(23.5m)
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(24.3m)(46.1m)(66.3m)(19.6m)(40.9m)(60.9m)(21.4m)(38.0m)(49.4m)(14.8m)(28.5m)(47.0m)(14.4m)(28.4m)(35.7m)

Depreciation and Amortization

282.0k604.0k944.0k454.0k910.0k1.4m783.0k1.6m2.4m698.0k2.8m4.6m1.9m3.6m5.3m

Accounts Payable

759.0k384.0k193.0k1.5m1.3m716.0k605.0k(110.0k)300.0k177.0k(508.0k)401.0k1.8m(1.2m)1.7m

Cash From Operating Activities

(16.1m)(35.6m)(43.1m)(13.2m)(30.4m)(44.9m)(14.0m)(25.9m)(35.3m)(10.9m)(15.0m)(23.4m)(19.0m)(20.1m)(26.1m)
USDY, 2018

Financial Leverage

1.3 x
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Castlight Health Operating Metrics

Castlight Health's Backlog was reported to be $336m in FY, 2017. Castlight Health's Customers was reported to be 250 in Jun, 2018.
FY, 2015FY, 2016FY, 2017Jun, 2018

Backlog

$219.20 m$197.60 m$336 m

Customers

250

Retention Rate

116%104%94%
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Castlight Health Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
JiffJanuary 04, 2017$135 m
Engage Technologies Corporation

Castlight Health Revenue Breakdown

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Castlight Health revenue breakdown by business segment: 8.3% from Professional services and other and 91.7% from Subscription

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Castlight Health Online and Social Media Presence

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Castlight Health News and Updates

Castlight Health Announces Third Quarter 2018 Results

SAN FRANCISCO, Nov. 6, 2018 /PRNewswire/ -- Castlight Health, Inc. (NYSE:CSLT), a leading health benefits platform provider, today announced results for its third quarter ended September 30, 2018. "Our team executed exceptionally well this quarter, which resulted in the successful launch...

ADURO Partners With Castlight Health To Offer Outcomes-Driven Behavior Change Programs For Large Employers

SAN FRANCISCO and REDMOND, Wash., Sept. 11, 2018 /PRNewswire/ -- The Human Performance company, ADURO, announces a new partnership with leading health navigation provider Castlight Health. Now, through Castlight's platform, employers can seamlessly deliver ADURO's biometric screening,...

Castlight Health's stock plummets after unexpected loss of large customer prompts restructuring

Shares of Castlight Health Inc. plummeted 24% to pace all premarket decliners Tuesday, after the healthcare information technology company announced a restructuring program that is in part a result to the unexpected loss of a large customer. The company said it plans to cut costs by 10% to 15% by t…

Castlight Health Announces Management & Board of Directors Changes

SAN FRANCISCO, June 11, 2018 /PRNewswire/ -- Castlight Health, Inc. (NYSE: CSLT), a leading health navigation provider, today announced the following changes to its management team and board of directors: Maeve O'Meara, has been promoted to the newly created role of executive...

Castlight Health Announces Management & Board of Directors Changes

SAN FRANCISCO, June 11, 2018 /PRNewswire/ -- Castlight Health, Inc. (NYSE: CSLT), a leading health navigation provider, today announced the following changes to its management team and board of directors: Maeve O'Meara, has been promoted to the newly created role of executive...
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Castlight Health Company Life and Culture

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Castlight Health Frequently Asked Questions

  • When was Castlight Health founded?

    Castlight Health was founded in 2008.

  • Who are Castlight Health key executives?

    Castlight Health's key executives are John C. Doyle, Jennifer W. Chaloemtiarana and Siobhan Nolan Mangini.

  • How many employees does Castlight Health have?

    Castlight Health has 527 employees.

  • What is Castlight Health revenue?

    Latest Castlight Health annual revenue is $131.4 m.

  • What is Castlight Health revenue per employee?

    Latest Castlight Health revenue per employee is $249.4 k.

  • Who are Castlight Health competitors?

    Competitors of Castlight Health include Medi Assist, MPIRICA Health Analytics and PokitDok.

  • Where is Castlight Health headquarters?

    Castlight Health headquarters is located at 400 150 Spear St, San Francisco.

  • Where are Castlight Health offices?

    Castlight Health has offices in San Francisco, Chicago, Charlotte and Mountain View.

  • How many offices does Castlight Health have?

    Castlight Health has 4 offices.