Loading...
•
Jun 30, 2023
SelectQuote Q4 2023 Earnings Report
Reported a strong quarter with revenue increase, but net loss remained, while guidance suggests improved profitability in FY24.
Key Takeaways
SelectQuote, Inc. reported a revenue of $221.8 million for the fourth quarter of fiscal year 2023, compared to $139.4 million for the same period in 2022. The company's net loss was $47.8 million, an improvement from the $104.7 million loss in the prior year's quarter. Adjusted EBITDA was $(5.8) million, compared to $(60.8) million in the fourth quarter of fiscal year 2022.
Revenue for Q4 2023 was $221.8 million, a significant increase from $139.4 million in Q4 2022.
Net loss for Q4 2023 was $(47.8) million, an improvement from $(104.7) million in Q4 2022.
Adjusted EBITDA for Q4 2023 was $(5.8) million, compared to $(60.8) million in Q4 2022.
Full year 2023 results surpassed initial forecasts due to higher growth and operational execution.
SelectQuote
SelectQuote
SelectQuote Revenue by Segment
Revenue by Segment
Senior Revenue
CapyFin.comHealthcare Services Revenue
CapyFin.comLife Revenue
CapyFin.com Forward Guidance
SelectQuote anticipates revenue between $1.05 billion and $1.2 billion, a net loss ranging from $50 million to $22 million, and an adjusted EBITDA between $80 million and $105 million for fiscal year 2024.
Positive Outlook
- Revenue expected in a range of $1.05 billion to $1.2 billion
- Net loss expected in a range of $50 million to $22 million
- Adjusted EBITDA expected in a range of $80 million to $105 million
- Strategic redesign across each businesses should provide leverage.
- Significant opportunity in the Healthcare Services segment.
Revenue & Expenses
Visualization of income flow from segment revenue to net income