secwatch / observer
8-K filed May 8, 2023, 7:59 PM ET ticker EVER CIK 0001640428
earnings confidence high sentiment negative materiality 0.80

EverQuote Q1 revenue $109.2M, net loss improves to $2.5M; withdraws FY 2023 guidance

EverQuote, Inc.

2023-Q1 EPS reported -$0.08 revenue$109,220,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EverQuote, Inc. reported fiscal quarter ended March 31, 2023 results: revenue $109.2 million, net income loss of $2.5 million.

Period
fiscal quarter ended March 31, 2023
Revenue
$109.2 million
Net income
loss of $2.5 million
Result
reported results
Exact text from the filing
First Quarter 2023 Financial Highlights: ( All comparisons are relative to the first quarter of 2022) • Total revenue of $109.2 million, a decrease of 1%. • Automotive insurance vertical revenue of $89.7 million, an increase of 2%. • Revenue from other insurance verticals, which includes home and renters, life, and health insurance, decreased 15% to $19.5 million. • Direct to consumer agency, or DTCA, revenue of $9.8 million, or 9% of total revenue. • Variable Marketing Margin of $35.6 million, an increase of 4%. • GAAP net loss improved to a loss of $2.5 million, compared to a GAAP net loss of $5.7 million. • Adjusted EBITDA increased to $5.4 million, compared to Adjusted EBITDA of $2.4 million.
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EverQuote, Inc. reported Second Quarter 2023 and Full Year 2023 results: revenue $70 - $75 million. Guidance lowered.

Period
Second Quarter 2023 and Full Year 2023
Revenue
$70 - $75 million
Guidance
lowered
Result
guidance update
Exact text from the filing
Second Quarter and Full Year 2023 Outlook: Given the uncertainty of performance within the auto insurance industry and the exact timing of when carriers may restore their marketing budgets, the Company is withdrawing its previously provided full year 2023 guidance. For the second quarter 2023, EverQuote anticipates revenue, Variable Marketing Margin and Adjusted EBITDA to be in the following ranges: • Revenue of $70 - $75 million. • Variable Marketing Margin of $23 - $26 million. • Adjusted EBITDA of ($4) - ($1) million.
View on SEC.gov

12 earnings releases filed in the last 30 days. Browse all earnings releases →

EverQuote, Inc. filing history →

Source: SEC EDGAR
accession 0001193125-23-138246
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