GoHealth Q2 net revenue $158.7M (-19% YoY), net loss $113.8M; cuts 23.7% of workforce

GoHealth, Inc.

2022-Q2 EPS reported -$0.48 revenue$429,247,000

Medicare Submitted Policies of 177,911 up 9% YoY; YTD up 38%.
Net loss $113.8M vs $39.2M loss in prior year; Adj EBITDA -$31.7M vs +$14.3M.
Eliminated 835 positions (23.7% of workforce); expects $7-9M severance charges.
Suspended quantitative FY2022 guidance; aims for cash flow breakeen by mid-2023.
Amended term debt facility to align covenants with turnaround strategy.

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