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Sep 30, 2022

SelectQuote Q1 2023 Earnings Report

SelectQuote's financial performance reflected a mix of revenue growth and net losses.

Key Takeaways

SelectQuote reported a revenue of $162.5 million and a net loss of $42.5 million for the first quarter of fiscal year 2023. The company reaffirmed its full-year 2023 financial guidance ranges.

SelectQuote's Q1 2023 revenue reached $162.5 million.

The company experienced a net loss of $42.5 million in Q1 2023.

SelectQuote's Adjusted EBITDA* was $(27.5) million for Q1 2023.

The company reaffirmed its fiscal year 2023 revenue guidance of $850 million to $950 million.

Total Revenue
$162M
Previous year: $160M
+1.6%
EPS
-$0.26
Previous year: -$0.28
-7.1%
Gross Profit
$55M
Previous year: $67.8M
-18.9%
Cash and Equivalents
$71.1M
Previous year: $184M
-61.3%
Free Cash Flow
-$47.5M
Previous year: -$94.9M
-50.0%
Total Assets
$1.25B
Previous year: $1.39B
-10.1%

SelectQuote

SelectQuote

SelectQuote Revenue by Segment

Forward Guidance

SelectQuote reaffirmed its full-year 2023 financial guidance ranges.

Revenue & Expenses

Visualization of income flow from segment revenue to net income