Benefitfocus (BNFT) reported earnings on Wed 1 May 2019 (a/h)

•  November 2022: Voya Financial bought Benefitfocus, a benefits administration technology company, in a deal valued around $570 million that closed in January 2023, integrating Benefitfocus's platform to expand Voya's health and wealth solutions for employers, health plans, and employees. 

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Benefitfocus misses by $0.01, reports revs in-line; guides Q2 EPS below consensus, revs below consensus; guides FY19 EPS below consensus, reaffirms FY19 revs guidance

• Reports Q1 (Mar) loss of $0.21 per share, excluding non-recurring items, $0.01 worse than the S&P Capital IQ Consensus of ($0.20); revenues rose 9.5% year/year to $68.3 mln vs the $67.77 mln S&P Capital IQ Consensus.
• Co issues downside guidance for Q2, sees EPS of ($0.46) - ($0.40), excluding non-recurring items, vs. ($0.17) S&P Capital IQ Consensus; sees Q2 revs of $66.5-68.5 mln vs. $71.00 mln S&P Capital IQ Consensus.
• Co issues guidance for FY19, sees EPS of ($0.83) - ($0.68), excluding non-recurring items, vs. ($0.32) S&P Capital IQ Consensus; sees FY19 revs of $301-309 mln vs. $304.93 mln S&P Capital IQ Consensus.

Benefitfocus (BNFT) began trading on the NASDAQ on 18 September 2013

•  November 2022: Voya Financial bought Benefitfocus, a benefits administration technology company, in a deal valued around $570 million that closed in January 2023, integrating Benefitfocus's platform to expand Voya's health and wealth solutions for employers, health plans, and employees. 
• Benefitfocus (BNFT) had its Initial Public Offering (IPO) on Wednesday, September 18, 2013, on the Nasdaq stock exchange, pricing at $26.50 per share and seeing a strong debut, with its stock price more than doubling on its first day of trading as investors showed confidence in cloud-based benefits software. The company, based in Charleston, SC, raised about $130 million from the offering. 

Description

Benefitfocus, Inc. is a provider of cloud-based benefits software solutions for consumers, employers, insurance carriers, and brokers. The Benefitfocus platform provides an integrated suite of solutions that enables its employer and insurance carrier customers to more efficiently shop, enroll, manage, and exchange benefits information. The Company’s solutions supports benefits plans, including healthcare, dental, life, and disability insurance, and voluntary benefits plans. The Company provide a multi-tenant cloud-based benefit platform to the employer and carrier markets.

Address

100 Benefitfocus Way
CHARLESTON, SC 29492
United States 

Website 

www.benefitfocus.com

Key stats and ratios

	Q2 (Jun '13)	2012
Net profit margin	-31.51%	-18.03%
Operating margin	-31.06%	-17.67%
EBITD margin	-	-7.52%
Return on average assets	-56.72%	-30.02%
Return on average equity	-	-
Employees	800

ING U.S. (VOYA) began trading on the NYSE on 2 May 2012

• ING US Inc raises $1.3 billion in IPO, less than expected
• ING U.S. sold more shares than expected but at a price that was below the marketed range. It sold 65.2 million shares at $19.50, according to an underwriter. It had intended to price 64.2 million shares at a range of $21 to $24. 
•  The shares were offered by both ING U.S. and its parent. The proceeds for ING U.S. from the offering are intended to be about $600 million. 
•  ING Groep is splitting its banking and insurance operations as part of a restructuring agreement with the European Commission, turning into a smaller Europe-focused bank.
• Morgan Stanley (MS), Goldman Sachs Group Inc (GS) and Citigroup (C) led the IPO.

This is an exciting day for everyone at ING U.S.,” said Rodney Martin, chairman and CEO

ING U.S., Inc. is a retirement, investment and insurance company serving the financial needs of approximately 13 million individual and institutional customers in the United States. The Company offers its products and services through a group of financial intermediaries, independent producers, affiliated advisors and dedicated sales specialists throughout the United States. The Company operates its principal businesses through three business lines: Retirement Solutions, Investment Management and Insurance Solutions. In addition, it also has closed Blocks and corporate reporting segments. Closed Blocks consists of three businesses where it has placed its portfolios in run-off-Closed Block Variable Annuity, Closed Block Institutional Spread Products and Closed Block Other. The Company’s corporate segment includes its corporate activities and corporate-level assets and financial obligations.