SelectQuote Q4 2023 Earnings Report
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
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