GoHealth(GOCO)2025-05-13 11:04Financial Performance - First quarter 2025 net revenues reached 185.6 million in the prior year period[4] - The net loss for the first quarter 2025 was 21.3 million in the prior year period[4] - Adjusted EBITDA for the first quarter 2025 was 26.9 million in the prior year period[4] - Net revenues for Q1 2025 reached 185,600,000 in Q1 2024[19] - The company reported a net loss of 21,346,000 in Q1 2024[19] - Adjusted EBITDA for Q1 2025 was 26,894,000 in Q1 2024, reflecting a significant increase[20] - The net income (loss) margin improved to (4.4)% in Q1 2025, compared to (11.5)% in Q1 2024[20] Operational Metrics - Submissions in the first quarter 2025 totaled 303,026, marking a 40.2% increase from 216,148 submissions in the prior year period[4] - The number of submissions increased by 40.2%, reaching 303,026 in Q1 2025, compared to 216,148 in Q1 2024[24] - Sales per submission decreased to 856 in Q1 2024[24] - Direct operating cost per submission improved to 640 in the prior year period[4] - Direct operating cost per submission improved to 640 in Q1 2024[24] Revenue Sources - The company experienced a significant increase in commission revenue, which rose to 79,733,000 year-over-year[22] - Commissions receivable - current decreased to 320,399,000 at the end of 2024[23] Strategic Initiatives - GoHealth launched GoHealth Protect, expanding its product offerings into guaranteed acceptance life insurance[4] - The company aims to enhance cash flow generation and reduce acquisition costs through the scaling of the new life insurance offering[3] - Investments in high-return initiatives are expected to drive continued momentum in future quarters[3] - The company is focused on refining its platform and technology to improve consumer experience and outcomes[3] - GoHealth's proprietary technology platform leverages machine-learning algorithms to match health plans to consumer needs[7]