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Mar 31, 2022
GoHealth Q1 2022 Earnings Report
GoHealth's first quarter results were announced, revealing a revenue increase but a net loss compared to the prior year, while reaffirming full-year guidance.
Key Takeaways
GoHealth reported a 33% increase in net revenue to $270.6 million for the first quarter of 2022. However, the company experienced a net loss of $37.2 million, compared to a net loss of $7.3 million in the prior year period. The company reaffirmed its full-year 2022 outlook.
Net revenue increased by 33% to $270.6 million compared to the prior year period.
Net loss was $37.2 million, compared to a net loss of $7.3 million in the prior year period.
Medicare Submitted Policies increased 62% compared to the prior year period, reaching 300,643.
Cash flow from operations increased 75% to $54.5 million.
Forward Guidance
The Company reaffirmed its full-year 2022 outlook, and expects total net revenue of $900 - $1,100 million (-15% to +4%) powered by commission revenue of $700 - $900 million (-21% to +2%). The Company expects Adjusted EBITDA1 of $110 - $150 million (+224% to +343%). The Company also expects negative cash flow from operations of $50 - $10 million (+83% to +97%).
Positive Outlook
- Full-year 2022 net revenue of $900 - $1,100 million, representing year-over-year growth of (15)% - 4%
- Full-year 2022 commission revenue of $700 - $900 million, representing year-over-year growth of (21)% - 2%, fueled by the Company’s continued investment in its Medicare business
- Full-year 2022 Adjusted EBITDA of $110 - $150 million, representing year-over-year growth of 224% - 343%
- Full-year 2022 cash flow from operations of ($50) - ($10) million, representing year-over-year improvement of 83% to 97%
Historical Earnings Impact
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Avg. Return Before/After Earnings
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