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Dec 31, 2023
GoHealth Q4 2023 Earnings Report
GoHealth's Q4 2023 financial results were released, demonstrating substantial improvements in revenue and profitability compared to the prior year. The company's strategic shift towards a non-agency operating model and focus on consumer engagement drove positive outcomes.
Key Takeaways
GoHealth reported a strong Q4 2023, with net revenues of $276.7 million, a net loss of $2.3 million, and Adjusted EBITDA of $57.0 million. The company's focus on consumer engagement and strategic initiatives drove significant improvements in profitability and operating cash flow.
Generated $109.1 million of cash flow from operations in 2023, a 79.2% improvement compared to the prior year.
Non-agency sales accounted for 60% of Medicare revenue in Q4 2023, compared to 26% in 2022, driving cash generation.
Q4 2023 net revenues were $276.7 million, compared to $69.4 million in the prior year period.
Q4 2023 net loss was $2.3 million and Adjusted EBITDA was $57.0 million, improvements of 98.5% and 160.1%, respectively, compared to the prior year period.
GoHealth
GoHealth
Forward Guidance
No forward guidance was provided in the press release.