Evolent Health(US:EVH)2020-03-02 11:11Revenue Growth - Evolent Health reported a revenue increase of 25% year-over-year, reaching $500 million for the fiscal year[8] - Evolent Health, Inc. reported a revenue of $125 million for the fiscal year, reflecting a year-over-year increase of 20%[8] - Evolent Health anticipates a revenue guidance of $150 million to $160 million for the next fiscal year, indicating a projected growth rate of 20-28%[8] - Evolent Health expects to maintain a revenue growth rate of 20-25% for the next fiscal year[12] Membership Growth - The company achieved a total membership growth of 30%, bringing the total to 1.5 million members[8] - The company has expanded its user base to 1.5 million members, representing a growth of 15% compared to the previous year[8] Acquisitions - The company completed the acquisition of Valence Health, which is expected to contribute an additional $100 million in annual revenue[12] - The company has completed the acquisition of Valence Health, which is expected to contribute approximately $30 million in annual revenue[8] Financial Performance - Evolent Health's operating margin improved to 15%, up from 10% in the previous year[8] - The company reported a net income of $20 million, compared to a net loss of $5 million in the prior year[8] - The company reported a net loss of $10 million for the year, which is an improvement from a net loss of $15 million in the previous year[8] - Evolent Health's cash flow from operations increased by 40%, totaling $80 million for the year[8] - Evolent Health's cash and cash equivalents stood at $50 million, providing a solid liquidity position for future investments[8] Investment and Development - The company is investing $50 million in new technology development to enhance its healthcare management platform[12] - The company is committed to maintaining a strong balance sheet while investing in technology and infrastructure to support growth initiatives[8] - Evolent Health is focusing on new product development, particularly in value-based care solutions, which are expected to enhance service offerings and market competitiveness[8] Market Expansion - Evolent Health plans to expand its market presence by entering three new states in the upcoming year[12] - Evolent Health is actively pursuing market expansion strategies, including partnerships with new healthcare providers and entry into additional states[8] Product Launches - The company anticipates launching two new products aimed at value-based care in the next quarter[12] Revenue Model - Evolent Health's performance-based contracts are projected to account for 60% of total revenue, highlighting a shift towards risk-sharing arrangements[8]