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, CA, US
Websitecastlighthealth.com
Employee Ratings3.9
Overall CultureC-

Latest Updates

Employees (est.) (Dec 2018)470(-10%)
Job Openings23
Revenue (FY, 2020)$146.7 M(+3%)
Share Price (May 2021)$1.9(+4%)
Cybersecurity ratingBMore

Key People/Management at Castlight Health

Will Bondurant

Will Bondurant

Senior Vice President and Chief Financial Officer
David B. Singer

David B. Singer

Director
Bryan Roberts

Bryan Roberts

Co-Founder and Chairman
Michael Eberhard

Michael Eberhard

Director
Ed Park

Ed Park

Director
David Ebersman

David Ebersman

Director
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Castlight Health Office Locations

Castlight Health has offices in San Francisco and Sunnyvale
San Francisco, CA, US (HQ)
150 Spear St #400, San Francisco
Sunnyvale, CA, US
640 W California Ave #200
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Castlight Health Financials and Metrics

Castlight Health Revenue

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Castlight Health's revenue was reported to be $146.71 m in FY, 2020
USD

Revenue (Q1, 2021)

35.1m

Gross profit (Q1, 2021)

22.3m

Gross profit margin (Q1, 2021), %

63.6%

Net income (Q1, 2021)

(3.0m)

EBIT (Q1, 2021)

(3.1m)

Market capitalization (7-May-2021)

300.0m

Closing stock price (7-May-2021)

1.9

Cash (31-Mar-2021)

56.5m

EV

255.4m
Castlight Health's current market capitalization is $300 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

101.7m131.4m156.4m143.3m146.7m

Revenue growth, %

35%29%19%

Cost of goods sold

34.6m47.2m60.2m59.1m52.0m

Gross profit

67.1m84.2m96.2m84.2m94.7m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

27.7m32.1m34.6m36.5m37.8m40.0m35.5m35.9m35.5m39.0m34.3m34.1m35.1m

Cost of goods sold

8.2m12.5m13.0m14.9m15.7m14.8m14.1m14.2m14.5m14.5m8.8m8.0m12.8m

Gross profit

19.5m19.6m21.6m21.5m22.1m25.2m21.4m21.7m21.0m24.6m25.5m26.1m22.3m

Gross profit Margin, %

70%61%62%59%58%63%60%61%59%63%74%76%64%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

48.7m61.3m66.0m43.0m49.2m

Accounts Receivable

14.8m20.8m26.8m31.4m31.7m

Prepaid Expenses

4.6m3.8m

Current Assets

141.0m124.5m107.8m95.5m84.8m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

56.2m62.2m45.0m48.2m44.6m46.9m66.3m50.1m36.0m37.7m44.3m46.8m56.5m

Accounts Receivable

16.5m21.4m26.0m33.1m28.2m30.2m34.7m32.6m35.4m38.1m33.2m30.5m25.0m

Prepaid Expenses

5.3m5.6m4.4m6.8m

Current Assets

132.1m131.8m126.6m111.4m108.4m103.6m105.4m102.0m96.0m87.0m83.1m81.7m88.3m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(58.5m)(55.6m)(39.7m)(40.0m)(62.2m)

Depreciation and Amortization

3.2m6.6m6.9m5.9m6.5m

Accounts Payable

(1.0m)764.0k5.7m9.3m(13.6m)

Cash From Operating Activities

(37.0m)(23.5m)(18.6m)(17.4m)(5.6m)
USDFY, 2016

Revenue/Employee

266.9k

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

$219.2 m$197.6 m$336 m$156.8 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
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 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Castlight Health Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

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 Announces Third Quarter 2020 Results

SAN FRANCISCO, Nov. 5, 2020 /PRNewswire/ -- Castlight Health, Inc. (NYSE:CSLT), a leading health benefits platform provider, today announced results for its third quarter ended September 30, 2020. "In the third quarter, we made progress on our strategic priorities, meeting our goal of...

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...
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Castlight Health Blogs

Castlight Welcomes New Strategic Advisor Erik Sossa, Former PepsiCo VP of Global Benefits and Wellness

We are thrilled to announce the addition of Erik Sossa to the Castlight team as a strategic advisor. Prior to retiring from PepsiCo at the end of 2020, Sossa served as the vice president of Global Benefits and Wellness at PepsiCo (a Castlight customer), where he spent more than two decades of his ca…

Meet Castlight: Q&A with Holly DeLisi, Vice President of Pre-Sales Development

In our new blog series, Meet Castlight, we’re featuring some of the best hearts and minds that drive our business. In this Q&A, we learn more about Holly DeLisi, vice president of Pre-Sales Development. What’s your role? How does it support Castlight’s mission? As a Pre-Sales leader, I’m always …

How the Pandemic Changed Global Wellbeing — and What Employers Can Do to Succeed

Traditionally, the focus of employer wellbeing programs in the United States has been improving the health of U.S. employees in an effort to mitigate higher long-term healthcare costs. However, the pandemic has provided us with a much-needed change in perspective. In the face of an extreme, unpreced…

Digital Condition Management Programs Can Lead to Huge Cost Savings

By far, one of the top drivers of healthcare costs in the United States is the management of chronic conditions — and today, almost 147 million Americans are living with at least one. The average annual medical spend for individuals with a single chronic condition is $7,000 to $19,000, but many peop…

Ready for Transparency in Coverage? Here’s How Castlight Can Help

The goal of the new Transparency in Coverage rules is to make key pricing and quality information easily available to healthcare consumers. These regulations affect non-grandfathered group health plans, individual insurance providers, and non-governmental health plans. They’ll go into effect over th…

Three Ways Castlight Care Guides Drive Down Healthcare Costs

For many people these days, the healthcare journey is long, costly, and frustrating. Far too often, this prevents them from getting the care they need. At Castlight, we’re proud to provide a digital home for health our members can leverage to simplify not only their employee benefits experience, but…
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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 Will Bondurant, David B. Singer and Bryan Roberts.

  • How many employees does Castlight Health have?

    Castlight Health has 470 employees.

  • What is Castlight Health revenue?

    Latest Castlight Health annual revenue is $146.7 m.

  • What is Castlight Health revenue per employee?

    Latest Castlight Health revenue per employee is $312.1 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 offices in San Francisco and Sunnyvale.

  • How many offices does Castlight Health have?

    Castlight Health has 2 offices.