Benefitfocus (BNFT) Stock News, Apr-May 2020

Benefitfocus, Inc. (NASDAQ: BNFT) reported Q1 2020 financial results highlighting a 3% decline in total revenue to $66.2 million. Despite challenges, net loss improved to $11.1 million from $14.2 million year-over-year. The company expanded its net benefit eligible lives to 17.5 million and launched several initiatives, including launching benefitplace.com and the Community Resource Center. Adjusted EBITDA rose to $4.1 million. The guidance for Q2 2020 projects revenue between $55.0 million and $58.0 million, with a non-GAAP net loss expected between $9.0 million to $7.0 million.