secwatch.observer — SEC 8-K summary
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Issuer:     GoHealth, Inc. (GOCO)
CIK:        0001808220
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001808220-24-000125
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1808220/000180822024000125/0001808220-24-000125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1808220/000180822024000125/goco-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001808220-24-000125

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