$0.960
-0.020 (-2.04%)At close
HIT News
HIT Events
Health In Tech Sees 2026 Revenue of $45M-$50M
Health In Tech still sees 2026 revenue $45M-$50M, consensus $46.81M
Company Reports Q2 Revenue of $8.1MM, Exceeding Expectations
Reports Q2 revenue $8.1MM, consensus $7.78M. CEO Tim Johnson commented, "We continued to execute against our long-term growth strategy during the quarter by investing in sales, marketing, and key talent, supported in part by the capital raised through our recent PIPE financing...We believe Contracted Revenue and Pipeline Revenue are meaningful operating metrics that complement our GAAP financial results by illustrating the strength of our sales pipeline, the pace of customer conversion, and our expected revenue trajectory....As we execute on our strategic roadmap, we remain on track to launch HitRix, our next-generation marketplace platform, in the second half of 2026...The platform leverages advanced AI-powered document intelligence to automate data extraction across multiple document types, enable intelligent plan comparisons, and facilitate an integrated competitive bidding process within a unified digital marketplace. By connecting a broad network of brokers, carriers, TPAs, and employer groups, HitRix is designed to increase market transparency, expand access to competitive stop-loss solutions, streamline the placement process, and deliver better outcomes for all participants across the self-funded insurance value chain."
Health In Tech Files $300M Mixed Securities Shelf
Health In Tech files $300M mixed securities shelf
Health In Tech Reports Q1 Revenue of $8.8M, Beating Expectations
Reports Q1 revenue $8.8M, consensus $7.46M. Tim Johnson, Chief Executive Officer of Health In Tech, commented, "In the first quarter of 2026, we continued to execute on strategic priorities to scale our innovative AI-powered self-funded health insurance marketplace and drive revenue growth. In March, we successfully completed a private investment in public equity financing, which provided the Company with approximately $7 million in gross proceeds. We intend to allocate a portion of these proceeds to growth initiatives, including expanding our sales team, broadening our marketing activities, delivering new marketplace offerings, and enhancing the technology architecture and data analytics that underpin our disruptive platform. Through these measures we aim to increase the number of brokers, agencies, third party administrators, and carriers that utilize our efficient, cost-effective ecosystem."
Health In Tech Reiterates 2026 Revenue Guidance of $45M to $50M
Health In Tech reiterated guidance for 2026 annual revenue ranging between $45M-$50M, representing year-over-year growth of approximately 35% to 50%. As of March 31, 2026, the company's contracted revenue for the remaining three quarters of 2026 totaled $22.9 million, which the company believes provides useful visibility into 2026 full year revenue. Health In Tech's revenue outlook is based on management's current expectations and assumptions, including continued strong demand for the company's AI-enabled underwriting marketplace across the self-funded health insurance segment and successful deployment of new features. Actual results may differ materially due to risks and uncertainties described in Health In Tech's filings with the SEC.
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.