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Dec 31, 2022
GoodRx Q4 2022 Earnings Report
GoodRx's financial results for Q4 2022 were released, exceeding previously announced guidance.
Key Takeaways
GoodRx reported Q4 2022 total revenue of $184.1 million, exceeding guidance. Subscription revenue grew 42% year-over-year. Over 7 million Americans used GoodRx for their healthcare needs in the fourth quarter.
Total revenue of $184.1 million, exceeding previously announced guidance.
Net loss of $2.01 million; Net loss margin of 1.1%.
Adjusted EBITDA of $49.6 million; Adjusted EBITDA Margin of 26.9%, exceeding previously announced guidance.
Exited the quarter with over 7 million consumers of prescription-related offerings.
GoodRx
GoodRx
GoodRx Revenue by Segment
Revenue by Segment
Prescription Transactions Revenue
CapyFin.comSubscription Revenue
CapyFin.comPharma Manufacturer Solutions Revenue
CapyFin.com Forward Guidance
For the first quarter and full year 2023, management is anticipating total revenue of approximately $181 million to $183 million for Q1 and $780 million to $790 million for the full year. Adjusted EBITDA margin for the first quarter and full year 2023 is expected to be in the mid-twenty-percent range.
Positive Outlook
- Focus on efficiently growing profitability
- Steady margin improvement
- Executing on strong cash conversion
- Balance sheet maintains a strong cash and liquidity position
- Aiding our capital allocation priorities to support our realigned organization in driving highly efficient and profitable growth
Challenges Ahead
- Q1 2023 total revenue includes a $35 million to $45 million estimated impact to prescription transactions revenue related to the grocer issue.
- Uncertainty and potential variability of stock-based compensation expense
- Acquired intangible assets and related amortization
- Income taxes
- Targeted and strategic marketing investments over the course of the year, which are factored into our margin guidance for the first quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income