GoHealth Q2 revenue falls 10% to $142.8M, but Adj EBITDA positive; rejects $20/share bid

GoHealth, Inc.

2023-Q2 EPS reported -$4.41 revenue$325,937,000

Q2 net revenue $142.8M, down 10% YoY from $158.7M; net loss improved to $70.2M from $113.8M.
Adjusted EBITDA Q2 positive $0.8M vs negative $31.7M prior year; YTD Adj EBITDA $29.6M.
Submissions grew 5% to 162,837; company exited non-Encompass BPO services in Q2.
Special Committee rejected $20/share unsolicited buyout proposal from two largest stockholders; says proposal undervalues company.
Updated FY2023 guidance: net revenue $800-850M, Adj EBITDA $120-140M, cash flow $75-115M, raising lower bounds.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GoHealth, Inc. reported the six months ended June 30, 2023 results: revenue $325.9 million, net income net loss of $92.8 million. Guidance raised.

Period: the six months ended June 30, 2023
Revenue: $325.9 million
Net income: net loss of $92.8 million
Guidance: raised
Result: reported results

Exact text from the filing

June 30, 2023. Second quarter 2023 net revenues of $142.8 million, a decrease of $15.9 million compared to $158.7 million in the prior year period. YTD 2023 net revenues of $325.9 million, a decrease of $103.3 million compared to $429.2 million in the prior year period. Second quarter 2023 Submissions of 162,837, a 5% improvement compared to 154,893 Submissions in

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GoHealth, Inc. reported the quarter ended June 30, 2023 results: revenue $142.8 million, net income net loss of $70.2 million. Guidance raised.

Period: the quarter ended June 30, 2023
Revenue: $142.8 million
Net income: net loss of $70.2 million
Guidance: raised
Result: reported results

Exact text from the filing

marketplace and Medicare-focused digital health company, today announced financial results for the three and six months ended June 30, 2023. Second quarter 2023 net revenues of $142.8 million, a decrease of $15.9 million compared to $158.7 million in the prior year period. YTD 2023 net revenues of $325.9 million, a decrease of $103.3 million compared to $429.2 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GoHealth, Inc. reported Full Year 2023 results: revenue $800 - $850 million. Guidance raised.

Period: Full Year 2023
Revenue: $800 - $850 million
Guidance: raised
Result: guidance update

Exact text from the filing

The Company updates its full year 2023 outlook and expects total net revenue 3 of $800 - $850 million and Adjusted EBITDA 1 of $120 - $140 million, both excluding non-Encompass BPO Services.

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GoHealth, Inc. filing history →

Source: SEC EDGAR

accession 0001808220-23-000087

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