8-K
filed April 26, 2023, 7:59 PM ET
ticker GSHD
CIK 0001726978
earnings
confidence high
sentiment positive
materiality 0.75
Goosehead Q1 revenue up 40% to $58M, net loss narrows to $0.2M, raises 2023 outlook
Goosehead Insurance, Inc.
2023-Q1 EPS reported
$0.00
revenue$57,955,000
- Total revenue $58.0M (+40% YoY); core revenue $52.0M (+42%); net loss $0.2M vs $5.4M loss a year ago.
- Adjusted EBITDA $10.2M vs $1.3M; adjusted EPS $0.17 vs $0.04; total written premiums $638M (+41%).
- Raises 2023 outlook: total written premiums $2.86B-$2.99B (29-35% growth); revenue $260M-$267M (24-28% growth).
- Chief Legal Officer Ryan Langston steps down effective June 2; John O'Connor assumes General Counsel and Corporate Secretary roles.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
Goosehead Insurance, Inc. reported the first quarter ended March 31, 2023 results: revenue $58.0 million, net income $0.2 million, EPS $0.00 per share. Guidance raised.
- Period
- the first quarter ended March 31, 2023
- Revenue
- $58.0 million
- Net income
- $0.2 million
- EPS
- $0.00 per share
- Guidance
- raised
- Result
- reported results
Exact text from the filing
Total Revenues grew organically 40% over the prior-year period to $58.0 million in the first quarter of 2023 • First quarter Core Revenues* of $52.0 million increased 42% over the prior-year period • First quarter net loss of $0.2 million improved from a net loss of $5.4 million a year ago. EPS of $0.00 per share increased 97% and adjusted EPS* of $0.17 per share increased 289%, over the prior-year period
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
P. Ryan Langston changed role as Chief Legal Officer at Goosehead Insurance, Inc..
- Action
- step down
- Role
- Chief Legal Officer
Exact text from the filing
P. Ryan Langston will step down from his position as Chief Legal Officer of the Company on June 2, 2023 (the “Separation Date”) and assume the position of Special Advisor to the Board of Directors (the “Board”).
View on SEC.gov
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