NASDAQ$GOCO

GoHealth Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Announced financial results focusing on optimization in 2022.

GoHealth's fourth quarter 2021 net revenue increased by 1% compared to the prior year period, while the fiscal year 2021 net revenue increased by 21% compared to the prior year period. The fourth quarter net loss was $432.3 million, and the fiscal year net loss was $534.2 million, inclusive of goodwill impairment charges. The company expects full year 2022 net revenue of $900 - $1,100 million.

  • Fourth quarter net revenue increased 1% to $449.6 million.
  • Fiscal year net revenue increased 21% to $1,062.4 million.
  • Fourth quarter MA Carrier Approved Submissions increased 99% compared to the prior year period.
  • The Company expects total net revenue of $900 - $1,100 million for 2022.

Headline financials

Total Revenue

$450M

Previous: $446M+0.8%
EPS (adj)

$30.15

Previous: $6.15+390.2%
Net Income

-$432M

Previous: $133M-424.8%
Operating Income

-$423M

Previous: $142M-398.4%
Gross Profit

$350M

Previous: $351M-0.4%
Cash & Equivalents

$84.4M

Previous: $144M-41.5%
Total Assets

$2.07B

Previous: $2.11B-1.9%
Stock-Based Comp

$7.2M

Previous: $3.08M+133.4%

Revenue & EPS history

GoHealth · Revenue · Quarterly

$450M

Q4 2021+0.8%vs Q4 2020
Beat estimate in 7 of 12 quarters(58%)
ActualEstimate

Revenue by segment

GoHealth · $11.9M total across 4 segments · Q1 2026

  • Medicare Agency Revenue
    $9.8M
  • Other Non-Agency Revenue
    $1.76M
  • Medicare Non-Agency Revenue
    $200K
  • Other Agency Revenue
    $155K

Forward guidance

The Company provided its financial outlook for the fiscal year ending December 31, 2022 based on current market conditions and expectations

Tailwinds

  • Full-year 2022 Adjusted EBITDA of $110 - $150 million, representing year-over-year growth of 224% - 343%
  • Full-year 2022 cash flow from operations of ($50) - ($10) million, representing year-over-year improvement of 83% to 97%
  • Full-year 2022 commission revenue of $700 - $900 million, representing year-over-year growth of (21)% - 2%, fueled by the Company’s continued investment in its Medicare business

Headwinds

  • Full-year 2022 net revenue of $900 - $1,100 million, representing year-over-year growth of (15)% - 4%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

-7.7%

Avg return

Earnings day

-9.0%

Avg return

5 days after

-6.6%

Avg return

30 days after

26%

6 / 23 earnings

Positive

+32.2%

Q1 2023

Best reaction

-45.5%

Q2 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.5%
Q3 2025-24.4%-32.0%-12.8%
Q2 2025-9.0%-7.6%-23.8%
Q1 2025-0.6%-17.4%-21.4%
Q4 2024-14.4%-14.9%-32.8%
Q3 2024-6.6%-0.4%-15.4%
Q2 2024-21.4%-28.3%-34.0%
Q1 2024-8.0%-11.1%+2.2%
Q4 2023-13.0%-25.7%-27.0%
Q3 2023+2.3%+6.7%+7.4%
Q2 2023+6.8%+6.3%-17.2%
Q1 2023+32.2%+44.8%+99.5%
Q4 2022-19.9%-6.2%-18.5%
Q3 2022-16.7%-9.4%+95.3%
Q2 2022-31.5%-43.3%-57.0%
Q1 2022+11.1%+4.9%+6.5%
Q4 2021+23.7%+37.7%-9.8%
Q3 2021+1.1%-4.7%-18.1%
Q2 2021-45.5%-42.2%-34.7%
Q1 2021-2.7%-5.6%-4.0%
Q4 2020-14.9%-16.9%-4.1%
Q3 2020-14.9%-15.1%+1.8%
Q2 2020-10.5%-18.5%-27.1%
Q1 2020
Q4 2019
Q2 2019
Q1 2019

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