Castlight Health, Inc. (CSLT) Posts Winder Q1 Loss, Sales Beat

Castlight Health, Inc. (NYSE: CSLT) reported Q1 EPS of ($0.72), $0.50 worse than the analyst estimate of ($0.22). Revenue for the quarter came in at $8.4 million versus the consensus estimate of $6.51 million.

Castlight Health, Inc. sees Q2 2014 EPS of ($0.22)-($0.23), versus the consensus of ($0.2). Castlight Health, Inc. sees Q2 2014 revenue of $9.3-9.6 million, versus the consensus of $8.45 million.

Castlight Health, Inc. sees FY2014 EPS of ($1.01)-($1.03), versus the consensus of ($0.81). Castlight Health, Inc. sees FY2014 revenue of $40-41 million, versus the consensus of $36.85 million.

“We had a very strong first quarter across our business,” said Giovanni Colella, M.D., co-founder and Chief Executive Officer, Castlight Health. “Demand continues to grow from large enterprises interested in adopting Castlight’s Enterprise Healthcare Cloud platform to gain control over their healthcare spending. During the first quarter we added customers from diverse sectors, including large employers such as Comcast, Freescale Semiconductor and the State of Kansas.”

For earnings history and earnings-related data on Castlight Health, Inc. (CSLT) click here.

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