Gohealth, Inc. Stock Price, News & Analysis

GoHealth reported strong financial results for Q3 2020, with net revenues of $163.4 million, a 52% increase year-over-year. YTD revenues reached $431.4 million, up 72%. However, the company faced a net loss of $206.5 million due to IPO-related expenses. Adjusted EBITDA surged by 142% to $39.3 million in Q3 2020. The company revised its FY 2020 outlook to projected revenues of $850-$890 million and adjusted EBITDA of $270-$290 million. The growth is attributed to a robust start to the Annual Enrollment Period, with a significant increase in submitted policies.

GoHealth, a major health insurance marketplace, will participate in the Credit Suisse Virtual Healthcare Conference on November 12, 2020, at 8:00 a.m. ET. Co-founder and CEO Clint Jones and CFO Travis Matthiesen will discuss the company's business strategy with investors. A live audio webcast will be available on GoHealth's Investor Relations website, along with a digital recording post-conference. GoHealth aims to enhance healthcare access in America, helping millions enroll in health plans.

GoHealth, Inc. (GOCO) announced it will disclose its third quarter financial results for fiscal 2020 on November 11, 2020, at 4:00 p.m. ET. Following this, a conference call will be held at 5:00 p.m. ET to discuss these results. Investors can access the live audio webcast through GoHealth's Investor Relations website, with a recording available post-call. GoHealth, a premier health insurance marketplace, focuses on enhancing healthcare access in America, aiding millions in enrolling in Medicare and individual plans.

GoHealth, Inc. (NASDAQ: GOCO) released a report highlighting the adverse effects of social distancing on seniors' mental health during the COVID-19 pandemic. Key findings reveal that 29% of seniors feel lonely, with 85% experiencing anxiety and 78% facing depression. The report, based on 1,000 online interviews, indicates that 33% of seniors live alone and 28% haven't visited non-household members in over five months. GoHealth aims to address these challenges through its services, especially as the Medicare annual enrollment period approaches.

On September 30, 2020, GoHealth (NASDAQ: GOCO) released its Biannual Medicare 2020 Report highlighting significant challenges faced by Medicare beneficiaries and those nearing eligibility. The study indicates that 42% of Americans approaching Medicare age have not considered their options, while 47% of beneficiaries feel overwhelmed by the selection process. Key issues include confusion over Medicare resources and affordability concerns. Additionally, 51% of beneficiaries worry their plans won't cover long-term needs, leading to coverage gaps in essential areas like specialist care and prescriptions.

GoHealth (NASDAQ: GOCO) will participate in the Morgan Stanley Global Healthcare Conference on September 18, 2020, at 8:00 a.m. (ET). The company’s co-founder and CEO, Clint Jones, along with CFO Travis Matthiesen, will discuss their business strategy with investors. A live audio webcast will be available on GoHealth's website during the conference, and a digital recording will be accessible afterward. GoHealth aims to improve healthcare access in America by helping customers navigate health insurance options effectively.

GoHealth, a leading health insurance marketplace, will participate in the Cantor Virtual Global Healthcare Conference on September 16, 2020, at 3:20 p.m. (ET). Co-founder and CEO Clint Jones and CFO Travis Matthiesen will discuss their business strategy with investors. A live audio webcast will be accessible on GoHealth's website, with a recording available post-event. GoHealth aims to improve healthcare access in America by leveraging technology and data science.

GoHealth, Inc. (NASDAQ: GOCO) announced its expansion with a groundbreaking ceremony on August 25, 2020, in Lindon, Utah, aiming to create nearly 1,200 jobs over the next five years. The new 156,000 square foot facility will feature modern amenities to support its 1,000+ employees and ensure COVID-19 safety measures are in place, such as touchless systems and advanced ventilation. CEO Clint Jones highlighted the success of the Lindon team, while state officials recognized the expansion as beneficial for Utah's economy.

GoHealth, Inc. (GOCO) announced its Q2 and H1 2020 financial results, showing a 71% revenue increase to $127.1 million in Q2 and 87% growth to $268.1 million in H1. However, the company reported a net loss of $(22.9) million for Q2, contrasting with a net income of $15.3 million in the prior year. Adjusted EBITDA for Q2 reached $26.9 million, a 56% increase. The full year outlook projects revenues between $840 to $890 million and adjusted EBITDA of $265 to $290 million.