GoHealth Q3 net income $15.4M vs loss $56.2M; acquires e-TeleQuote at bargain gain $77.4M

GoHealth, Inc.

2024-Q3 EPS reported -$3.14 revenue$409,762,000

Q3 net revenues $118.3M, down $13.7M from $132.0M a year ago.
Net income of $15.4M compared to a net loss of $56.2M in Q3 2023.
Adjusted EBITDA negative $12.1M, slightly worse than negative $11.5M prior year.
Completed acquisition of e-TeleQuote, adding $90.5M contract assets and $22.5M cash; recorded $77.4M gain on bargain purchase.
Direct Operating Cost per Submission improved 11.0% YoY; appointed Brendan Shanahan as CFO.

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