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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.
GoHealth
GoHealth
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%