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Dec 31, 2021
GoHealth Q4 2021 Earnings Report
Announced financial results focusing on optimization in 2022.
Key Takeaways
GoHealth's fourth quarter 2021 net revenue increased by 1% compared to the prior year period, while the fiscal year 2021 net revenue increased by 21% compared to the prior year period. The fourth quarter net loss was $432.3 million, and the fiscal year net loss was $534.2 million, inclusive of goodwill impairment charges. The company expects full year 2022 net revenue of $900 - $1,100 million.
Fourth quarter net revenue increased 1% to $449.6 million.
Fiscal year net revenue increased 21% to $1,062.4 million.
Fourth quarter MA Carrier Approved Submissions increased 99% compared to the prior year period.
The Company expects total net revenue of $900 - $1,100 million for 2022.
Forward Guidance
The Company provided its financial outlook for the fiscal year ending December 31, 2022 based on current market conditions and expectations
Positive Outlook
- 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%
- 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
Challenges Ahead
- Full-year 2022 net revenue of $900 - $1,100 million, representing year-over-year growth of (15)% - 4%
Historical Earnings Impact
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Avg. Return Before/After Earnings
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