SelectQuote Q4 2022 Earnings Report
Key Takeaways
SelectQuote, Inc. reported a consolidated revenue of $139.4 million for the fourth quarter of fiscal year 2022, compared to $185.3 million for the same period in 2021. The consolidated net loss was $104.7 million, a significant change from the net income of $0.8 million in the fourth quarter of fiscal year 2021. Adjusted EBITDA was $(60.8) million, compared to $18.1 million in the prior year. Excluding a $48.3 million cohort/tail adjustment, revenue would have been $187.7 million and Adjusted EBITDA $(12.5) million.
Revenue for Q4 2022 was $139.4 million.
Net loss for Q4 2022 was $104.7 million.
Adjusted EBITDA for Q4 2022 was $(60.8) million.
Excluding a cohort/tail adjustment, revenue would have been $187.7 million and Adjusted EBITDA $(12.5) million.
SelectQuote
SelectQuote
Forward Guidance
Full-Year Fiscal 2023 Revenue, Net loss, and Adjusted EBITDA expected to be in the following ranges:
Positive Outlook
- Revenue expected in a range of $850 million to $950 million
Challenges Ahead
- Net loss expected in a range of $113 million to $89 million
- Adjusted EBITDA* expected in a range of $(20) million to $10 million