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Dec 31, 2022
GoHealth Q4 2022 Earnings Report
Announced unaudited financial results and select operating metrics.
Key Takeaways
GoHealth reported Q4 2022 net revenue of $69.4 million and a net loss of $150.7 million. Full year 2022 positive cash flow from operations of $60.9 million, a $359.9 million improvement compared to the prior year period.
Full year 2022 positive cash flow from operations of $60.9 million, a $359.9 million improvement compared to the prior year period, driven by strong operating results including improvements in efficiency year-over-year and Encompass penetration rates.
Fourth quarter 2022 net revenue of $69.4 million, net loss of $150.7 million, and Adjusted EBITDA1 of negative $94.8 million.
Lookback Adjustments reduced net revenue by $266.4 million and reduced both net loss and Adjusted EBITDA1 by $186.6 million.
Excluding the Lookback Adjustments, fourth quarter 2022 net revenue was $335.8 million.
GoHealth
GoHealth
Forward Guidance
The Company provided its full year 2023 outlook, and expects total net revenue of $750 - $850 million and Adjusted EBITDA1 of $100 - $140 million, both excluding non-Encompass BPO Services.