Castlight Health (CSLT) Tops Q1 EPS by 2c

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Go back to Castlight Health (CSLT) Tops Q1 EPS by 2c

Castlight Health Announces First Quarter 2016 Results

May 10, 2016 4:17 PM EDT

SAN FRANCISCO, CA -- (Marketwired) -- 05/10/16 -- Castlight Health, Inc. (NYSE: CSLT), a leading health benefits platform provider, today announced results for its first quarter ended March 31, 2016.

"During the first quarter, we continued to make progress on key initiatives such as developing channel and ecosystem relationships, as well as successfully deploying our solutions including our newest products. As such, we were able to exceed our first quarter revenue guidance and improve our gross margins. However, the closing of deals is taking longer than we expected and we are moderating our ARR growth... More