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Health In Tech (HIT) investor relations material
Health In Tech IAccess Alpha Virtual Best Ideas Fall Conference 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Market opportunity and platform innovation
Addressing a $6.6 trillion market with a focus on small businesses, which make up 45% of GDP and 99.9% of U.S. businesses.
Platform offers end-to-end digital solutions for healthcare plan selection, vendor qualification, and program creation, leveraging AI and machine learning.
Purchasing cycle for healthcare plans reduced from up to three months to as little as two minutes.
Direct contracts with over 8,000 hospitals and 1.4 million clinics enable broad national coverage and cost savings.
Platform is free to use, with customizable, affordable plans and a user-friendly experience.
Financial performance and growth
Q2 revenue reached $9.3 million, up 86% year-over-year; first half revenue was $17.3 million, 89% of full-year 2024 revenue.
Adjusted EBITDA for Q2 was $1.6 million, up 134% year-over-year; first half adjusted EBITDA was $2.8 million, surpassing 2024's total.
Cash position at end of Q2 was $8.1 million, up from $2.2 million a year prior; positive operating cash flow and reduced accounts receivable.
Gross margin remains above 60%, with positive operating leverage as revenue growth outpaces expenses.
Distribution partners expanded 87% year-over-year to 778, supporting rapid customer acquisition.
Competitive positioning and business model
No direct competitors offering a fully integrated, AI-driven platform for customizable healthcare plans and underwriting.
Revenue generated from underwriting (success-based, percentage of premium) and program fees (flat per-employee, per-month fee).
Platform enables significant cost and time savings for small businesses and partners, with direct hospital and clinic contracts.
Large partners like Marsh McLennan use the platform for clients of various sizes, with automation simplifying onboarding.
Breadth of distribution managed by providing free, productivity-enhancing tools to brokers and agencies.
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