OverviewSuggest Edit

Castlight Health offers a health benefits platform that engages employees to make healthcare decisions and enables employers to communicate and measure their benefit programs. 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.
TypePublic
Founded2008
HQSan Francisco, US
Websitecastlighthealth.com
Employee Ratings3.9
Culture scoreC-

Latest Updates

Employees (est.) (Dec 2018)470(-10%)
Job Openings8
Revenue (FY, 2019)$143.3 M(-8%)
Share Price (May 2020)$0.9 (+4%)

Key People/Management at Castlight Health

Bryan Roberts

Bryan Roberts

Co-Founder and Chairman
David B. Singer

David B. Singer

Director
Will Bondurant

Will Bondurant

Senior Vice President and Chief Financial Officer
Helen Kotchoubey

Helen Kotchoubey

Executive Vice President and Chief Operating Officer
Ed Park

Ed Park

Director
Michael Eberhard

Michael Eberhard

Director
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Castlight Health Office Locations

Castlight Health has an office in San Francisco
San Francisco, US (HQ)
150 Spear St #400, San Francisco
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Castlight Health Financials and Metrics

Castlight Health Revenue

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Castlight Health's revenue was reported to be $143.31 m in FY, 2019
USD

Revenue (Q1, 2020)

39.0m

Gross profit (Q1, 2020)

24.6m

Gross profit margin (Q1, 2020), %

62.9%

Net income (Q1, 2020)

(56.3m)

EBIT (Q1, 2020)

(56.6m)

Market capitalization (22-May-2020)

128.6m

Closing stock price (22-May-2020)

0.9

Cash (31-Mar-2020)

37.7m

EV

109.3m
Castlight Health's current market capitalization is $128.6 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

101.7m131.4m156.4m143.3m

Revenue growth, %

35%29%19%

Cost of goods sold

34.6m47.2m60.2m59.1m

Gross profit

67.1m84.2m96.2m84.2m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

27.7m32.1m34.6m36.5m37.8m40.0m35.5m35.9m35.5m39.0m

Cost of goods sold

8.2m12.5m13.0m14.9m15.7m14.8m14.1m14.2m14.5m14.5m

Gross profit

19.5m19.6m21.6m21.5m22.1m25.2m21.4m21.7m21.0m24.6m

Gross profit Margin, %

70%61%62%59%58%63%60%61%59%63%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

48.7m61.3m66.0m43.0m

Accounts Receivable

14.8m20.8m26.8m31.4m

Prepaid Expenses

4.6m

Current Assets

141.0m124.5m107.8m95.5m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

56.2m62.2m45.0m48.2m44.6m46.9m66.3m50.1m36.0m37.7m

Accounts Receivable

16.5m21.4m26.0m33.1m28.2m30.2m34.7m32.6m35.4m38.1m

Prepaid Expenses

5.3m

Current Assets

132.1m131.8m126.6m111.4m108.4m103.6m105.4m102.0m96.0m87.0m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(58.5m)(55.6m)(39.7m)(40.0m)

Depreciation and Amortization

3.2m6.6m6.9m5.9m

Accounts Payable

(1.0m)764.0k5.7m9.3m

Cash From Operating Activities

(37.0m)(23.5m)(18.6m)(17.4m)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

(14.8m)(28.5m)(47.0m)(14.4m)(28.4m)(35.7m)(10.5m)(18.9m)(28.3m)(56.3m)

Depreciation and Amortization

698.0k2.8m4.6m1.9m3.6m5.3m1.3m2.7m4.4m1.5m

Accounts Payable

177.0k(508.0k)401.0k1.8m511.0k1.7m(849.0k)1.9m2.4m(7.5m)

Cash From Operating Activities

(10.9m)(15.0m)(23.4m)(19.0m)(20.1m)(26.1m)(12.1m)(13.9m)(21.4m)(14.4m)
USDY, 2020

EV/EBIT

-1.9 x

EV/CFO

-7.6 x

Financial Leverage

1.5 x
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Castlight Health Operating Metrics

Castlight Health's Backlog was reported to be $156.8m in FY, 2018. Castlight Health's Customers was reported to be 250 in Jun, 2018.
FY, 2015FY, 2016FY, 2017Jun, 2018FY, 2018

Backlog

$219.20 m$197.60 m$336 m$156.80 m

Retention Rate

116%94%104%82%

Customers

250
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Castlight Health Acquisitions / Subsidiaries

Company NameDateDeal Size
JiffJanuary 04, 2017$135 m
Engage Technologies Corporation
Jiff inc

Castlight Health Revenue Breakdown

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Castlight Health revenue breakdown by business segment: 8.0% from Professional services and other and 92.0% from Subscription

Castlight Health Online and Social Media Presence

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Castlight Health Company Culture

  • Overall Culture

    C-

    64/100

  • CEO Rating

    D+

    65/100

  • Compensation

    C

    65/100

  • Diversity

    C-

    65/100

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Castlight Health News and Updates

Castlight Health intros new to tool to help plan safe workplace reopenings

Working Well, designed to support evolving clinical protocols, enables contact tracing and can and can be configured to organizations' own specific back-to-work needs.

Castlight Health Announces Key Management Changes

SAN FRANCISCO, July 30, 2019 /PRNewswire/ -- Castlight Health, Inc. (NYSE: CSLT) today announced that Maeve O'Meara has been named as the company's CEO and to a seat on its Board of Directors, and that Siobhan Nolan Mangini will serve as the company's President and retain her position of...

Castlight Health Announces Second Quarter 2019 Results

SAN FRANCISCO, July 30, 2019 /PRNewswire/ -- Castlight Health, Inc. (NYSE:CSLT), a leading health benefits platform provider, today announced results for its second quarter ended June 30, 2019 and updated guidance for full year 2019. The Company also announced today that John Doyle has...

United States Corporate Wellness Services Market Report 2019-2023 with Profiles of Castlight Health, Healthsparq, ClearCost Health, Vitals, Healthcare Bluebook and ComPsych

DUBLIN, July 29, 2019 /PRNewswire/ -- The "The US Corporate Wellness Services Market (2019-2023 Edition)" report has been added to ResearchAndMarkets.com's offering. The US Corporate Wellness Services Market (2019-2023 Edition), provides an in-depth analysis of the US corporate wellness...

Castlight Health to Participate in Upcoming Investor Conferences

SAN FRANCISCO, May 30, 2019 /PRNewswire/ -- Castlight Health, Inc. (NYSE: CSLT), a leading health benefits platform provider, today announced that senior management will present at the following investor conferences: The Jefferies 2019 Healthcare Conference in New York on Wednesday, June...

Castlight Health to Announce Fourth Quarter 2018 Results

SAN FRANCISCO, Feb. 19, 2019 /PRNewswire/ -- Castlight Health, Inc. (NYSE: CSLT) will release its fourth quarter and fiscal year 2018 financial results on Thursday, February 28, 2019, after the market close. At 5:00 p.m. Eastern Time (ET), senior management will host a conference call to...
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Castlight Health Blogs

Yes, Women Have Heart Attacks Too (But The Symptoms Can Be Different)

You’re feeling sick to your stomach, dizzy, tired, and a bit breathless. You think you’re coming down with the flu. That’s one possibility. But—if you’re a woman—did you know you might be having a heart attack? And, if you’re like many women, you may misdiagnose these symptoms that are actually sign…

Mercer Survey Finds Employees Value Health Navigation Tools

Digital health tools have already fundamentally transformed the way that healthcare is accessed, experienced, and delivered. Employers are increasingly investing in these solutions as they look for ways to reduce the growing burden of healthcare costs and cultivate a healthy, happy workforce, and em…

Growing Stronger: Castlight Achieves Ambitious Recruitment and Diversity Goals

With a newly announced Customer Center of Excellence growing in Salt Lake City and a continued focus on product innovation, including the rollout of Castlight Care Guides, Castlight set ambitious goals for hiring and recruitment in 2019. We looked to round out our team with committed, creative emplo…

Value of Health Navigation: Outcomes that Matter for Benefit Investments

With over 80% of employers indicating increases to health and wellness spending this year, employers have accelerated adoption of digital health tools to control rising costs and increase employee engagement with available benefits. As reliance on these solutions increases, it is critically importan…

Castlight’s Year in Review: Celebrating Highlights from 2019

Beginning a new year always brings along excitement, planning, and resolutions for the future. While Castlight has already hit the ground running in 2020, we remain grateful for an exciting 2019 with incredible progress. Starting with the announcement of our new CEO, Maeve O’Meara, Castlight had sig…

How to Reduce Barriers to Care Through Accurate Provider Directories

Imagine browsing through your health plan’s provider listing on their website, using the phone number provided to call and make an appointment with an in-network provider, and finding that the phone number is not in service. Or referencing the listed addresses to find a nearby doctor, only to find o…
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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 Bryan Roberts, David B. Singer and Will Bondurant.

  • How many employees does Castlight Health have?

    Castlight Health has 470 employees.

  • What is Castlight Health revenue?

    Latest Castlight Health annual revenue is $143.3 m.

  • What is Castlight Health revenue per employee?

    Latest Castlight Health revenue per employee is $304.9 k.

  • Who are Castlight Health competitors?

    Competitors of Castlight Health include Collective Health, Bright Health and Practice Fusion.

  • Where is Castlight Health headquarters?

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

  • Where are Castlight Health offices?

    Castlight Health has an office in San Francisco.

  • How many offices does Castlight Health have?

    Castlight Health has 1 office.