Welcome to our dedicated page for SelectQuote news (Ticker: SLQT), a resource for investors and traders seeking the latest updates and insights on SelectQuote stock.
SelectQuote, Inc. operates a direct-to-consumer insurance distribution and healthcare services platform that connects consumers with Medicare, life, and auto and home insurance policies from carrier partners. Its model combines licensed agents, consultative needs analysis, proprietary lead sourcing and routing technology, and commission revenue from policy sales.
Recurring company developments include fiscal earnings, segment results for Senior, Healthcare Services, Life, and Auto & Home, Medicare Advantage policy volume, SelectRx membership and pharmacy economics, prescription drug reimbursement changes, and cash flow and capital-structure updates. SelectQuote also reports initiatives such as the SelectQuote Local franchise channel, research on e-broker access to Medicare Advantage, conference participation, and NYSE listing-standard compliance.
SelectQuote, Inc. (NYSE: SLQT) has formed a strategic partnership with a leading hearing benefits provider to launch the SelectHearing program. This initiative aims to provide affordable hearing healthcare and hearing aid options to members of Population Health. The partnership aligns with recent FDA efforts to enhance access to hearing aids, addressing untreated hearing loss which has been linked to significantly higher healthcare costs. The program is expected to improve health outcomes for consumers, particularly among older adults who often experience hearing limitations.
SelectQuote (NYSE: SLQT) has established a new Healthcare Advisory Board to enhance its Population Health strategy. This board comprises experts from various healthcare sectors, aimed at improving consumer engagement and reducing healthcare costs. Notable members include Dr. Kavita Patel and Earl Devanny, along with several distinguished professionals from the healthcare domain. The board will provide strategic insights and recommendations to strengthen Population Health services, signaling a commitment to innovation and better health outcomes.
SelectQuote, Inc. (SLQT) reported a consolidated revenue of $195.0 million for Q2 FY2022, down from $357.6 million in the same quarter last year. The company faced a net loss of $137.0 million, compared to a net income of $89.9 million a year ago. Adjusted EBITDA was $(163.3) million. Full-year guidance expects revenue between $810 million to $850 million and a net loss of $255 million to $236 million. The Senior segment experienced a notable decline in revenue and profitability due to market challenges.
On February 7, 2022, SelectQuote (NYSE: SLQT) will release its fiscal Q2 2022 financial results after market close. CEO Tim Danker and CFO Raff Sadun will host a conference call at 5:00 PM ET on the same day to discuss these results. The release will detail performance metrics and future outlook, catering to investors seeking insights into the company's growth trajectory. SelectQuote is known for providing consumers with unbiased insurance comparisons, with a strong focus on Medicare solutions as its fastest-growing segment.
SelectQuote, Inc. (NYSE: SLQT) reported a consolidated revenue of $159.9 million for Q1 FY2022, a 29% increase year-over-year. However, the company faced a net loss of $45.4 million, compared to a net income of $0.8 million in the previous year. The Senior segment saw revenues of $106.3 million (up 45% YoY), but Adjusted EBITDA was $(44.0) million, down from $12.1 million. The Auto & Home segment also declined 22% in revenue, highlighting mixed performance across sectors.
BrainCheck, a cognitive healthcare platform, has raised $10 million in Series B funding led by Next Coast Ventures and S3 Ventures, bringing total capital to $20 million. Strategic investors UPMC Enterprises and org value="NYSE:SLQT" idsrc="xmltag.org"SelectQuote will help enhance R&D and market capabilities. BrainCheck aims to improve cognitive health care accessibility by enabling primary care physicians to conduct quick cognitive assessments. The platform addresses the growing issue of cognitive impairment, particularly among seniors, with a 10- to 15-minute test covered by Medicare.
SelectQuote (NYSE: SLQT) announced a new partnership with Ready Responders to enhance non-emergency healthcare services delivered in patients' homes. This collaboration is part of the Population Health platform, aiming to improve healthcare literacy and navigate services effectively for seniors. Over 40% of Population Health members visited emergency rooms last year, highlighting the need for accessible healthcare. Ready Responders provides on-demand care through telehealth and home visits, operating in cities like New York and Miami.
SelectQuote, Inc. (NYSE: SLQT) will announce its fiscal Q1 2022 financial results post-market on November 4, 2021. CEO Tim Danker and CFO Raff Sadun will lead a conference call at 5:00 pm ET the same day to discuss results. The company focuses on comparing insurance from trusted carriers, with significant segments including Medicare solutions. Founded in 1985, SelectQuote has recently expanded its offerings, enhancing its service model with innovative technology and skilled agents to cater to the growing senior demographic.
SelectQuote, Inc. (NYSE: SLQT) has appointed Robert 'Bob' Grant as President, effective October 28, 2021. This decision is attributed to Grant's significant contributions to the company's Senior Division and the recent launch of the Population Health platform, which complements the Medicare business. CEO Tim Danker praised Grant's leadership in driving profitable growth. Since 2019, Grant has led the Senior Division and previously held the role of Chief Revenue Officer. SelectQuote specializes in insurance solutions, particularly for the Medicare market, with a focus on providing unbiased comparisons to consumers.
SelectQuote (NYSE: SLQT) has partnered with Thriveworks to enhance its Population Health platform, offering Medicare members access to behavioral health and medication management services. This partnership aims to address the needs of approximately 46% of Population Health members who require behavioral health services. Thriveworks' network includes over 300 locations, providing both virtual and in-person care. As SelectQuote expands its Medicare business, this collaboration is envisioned to strengthen relationships with customers by fulfilling their comprehensive healthcare needs.