secwatch.observer — SEC 8-K summary
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Issuer:     GoHealth, Inc. (GOCO)
CIK:        0001808220
Form:       8-K
Filed at:   2022-08-15T23:59:59+00:00
Accession:  0001808220-22-000088
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1808220/000180822022000088/0001808220-22-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1808220/000180822022000088/goco-20220815.htm
  HTML page:      https://secwatch.observer/filing/0001808220-22-000088

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer