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.
Type
Public
HQ
San Francisco, US
Founded
2008
Size (employees)
381 (est)
Castlight Health was founded in 2008 and is headquartered in San Francisco, US
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Key People/Management at Castlight Health

John Doyle

John Doyle

CEO
Siobhan Mangini

Siobhan Mangini

Chief Financial Officer
Derek Newell

Derek Newell

President
Neeraj Gupta

Neeraj Gupta

Senior Vice President, Engineering
Johnathan Hodge

Johnathan Hodge

Senior Vice President, Customer Experience
Mike Leonard

Mike Leonard

Senior Vice President, Sales & Growth
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Castlight Health Office Locations

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

Castlight Health Financials

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

Revenue (FY, 2017)

131.4 m

Revenue growth (FY, 2016 - FY, 2017), %

29.2%

Gross profit (FY, 2017)

84.2 m

Gross profit margin (FY, 2017), %

64.1%

Net income (FY, 2017)

(55.6 m)

EBIT (FY, 2017)

(61.4 m)

Market capitalization (23-Apr-2018)

454.7 m

Cash (31-Dec-2017)

61.3 m
Castlight Health's current market capitalization is $454.7 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

45.6 m75.3 m101.7 m131.4 m

Revenue growth, %

65%35%29%

Cost of goods sold

27.8 m33.8 m34.6 m47.2 m

Gross profit

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

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Cash

17.4 m19.2 m48.7 m61.3 m

Accounts Receivable

11.1 m12.8 m14.8 m20.8 m

Current Assets

210.7 m142.4 m141 m124.5 m

PP&E

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

Cash

180.1 m35.3 m25.2 m27 m31.5 m25.7 m35.1 m40.7 m55.1 m56.2 m62.2 m45 m

Accounts Receivable

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

Current Assets

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

PP&E

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

Net Income

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

Depreciation and Amortization

1.4 m2 m3.2 m6.6 m

Accounts Payable

147 k646 k(1 m)764 k

Cash From Operating Activities

(7.7 m)(56.9 m)(37 m)(23.5 m)
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

(24.3 m)(46.1 m)(66.3 m)(19.6 m)(40.9 m)(60.9 m)(21.4 m)(38 m)(49.5 m)(14.8 m)(28.5 m)(47 m)

Depreciation and Amortization

282 k604 k944 k454 k910 k1.4 m783 k1.6 m2.4 m698 k2.8 m4.6 m

Accounts Payable

759 k384 k193 k1.5 m1.3 m716 k605 k(110 k)300 k177 k(508 k)401 k

Cash From Operating Activities

(16.1 m)(35.6 m)(43.1 m)(13.2 m)(30.4 m)(44.9 m)(14 m)(25.9 m)(35.3 m)(10.9 m)(15 m)(23.4 m)
USDY, 2017

Revenue/Employee

345 k

Financial Leverage

1.4 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 Mar, 2018.
FY, 2015FY, 2016FY, 2017Mar, 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
Jiff (155)January 04, 2017$135 m
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