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Health In Tech Reports 2024 Financial Results and IPO

Story Highlights
  • Health In Tech reported $19.5 million revenue for 2024, with decreased margins.
  • The company completed its IPO and announced new collaborations and products to expand its market reach.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Health In Tech Reports 2024 Financial Results and IPO

Health In Tech, Inc. Class A ( (HIT) ) has provided an announcement.

Health In Tech announced its financial results for the fourth quarter and full year ending December 31, 2024, reporting total audited revenue of $19.5 million for 2024. Despite a slight increase in revenue, the company experienced a decrease in gross margin and income from continuing operations compared to the previous year. The company completed its IPO in December 2024, raising $9.2 million, and announced a collaboration with MARPAI and Vitable DPC to enhance self-funded health plan solutions. Health In Tech is expanding its market reach by launching a mid-sized business underwriting solution and a new stop-loss product, aiming to drive revenue growth and expand its total addressable market.

More about Health In Tech, Inc. Class A

Health In Tech (Nasdaq: HIT) is an Insurtech platform company backed by third-party AI technology, offering a marketplace that aims to improve processes in the healthcare industry through vertical integration, process simplification, and automation. The company streamlines the underwriting, sales, and service process for insurance companies and licensed brokers.

YTD Price Performance: -84.37%

Average Trading Volume: 1,748,152

Find detailed analytics on HIT stock on TipRanks’ Stock Analysis page.

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Questions or Comments about the article? Write to editor@tipranks.com
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