GoHealth (GOCO) Q4 2024 Earnings Call February 27, 2025 06:33 PM ET Company Participants John Shave - VP, IRVijay Kotte - Chief Executive OfficerBrendan Shanahan - Chief Financial OfficerBen Hendrix - Vice PresidentDave Storms - Director of Equity Research Conference Call Participants Patrick McCann - Equity Research AnalystRob McGuire - Equity Research AnalystJim Sidoti - Analyst Operator Good morning, and welcome to the GoHealth Fourth Quarter and Full Year twenty twenty four Earnings Conference Call. My ...

GoHealth (GOCO) came out with quarterly earnings of $2.41 per share, beating the Zacks Consensus Estimate of $1.16 per share. This compares to earnings of $0.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 107.76%. A quarter ago, it was expected that this company would post a loss of $3.19 per share when it actually produced a loss of $3.73, delivering a surprise of -16.93%.Over the last four quarters, the company has surpa ...

February 27, 2025 FORWARD-LOOKING STATEMENTS This earnings presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These forward-looking statements are made in reliance upon the safe harbor provision of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in thi ...

Exhibit 99.1 GoHealth Reports Strong Fourth Quarter and Fiscal Year 2024 Results, Driven by a Successful Annual Enrollment Period CHICAGO, February 27, 2025 — GoHealth, Inc. (NASDAQ: GOCO) ("GoHealth" or the "Company"), a leading health insurance marketplace and Medicare-focused digital health company, today announced financial results for the three and twelve months ended December 31, 2024. Fourth Quarter Highlights Full-Year 2024 Highlights "GoHealth's strong 2024 performance highlights our market-leading ...

Core Insights - GoHealth, Inc. reported strong financial results for the year 2024, highlighting a technology-driven approach in the digital Medicare marketplace, with significant improvements in efficiency and profitability [4][5][22] - The company achieved a substantial increase in net revenues and adjusted EBITDA, indicating effective execution of its strategic initiatives [5][22] Fourth Quarter Highlights - Net revenues for Q4 2024 reached $389.1 million, a 41% increase compared to Q4 2023 [5][18] - Submissions grew to 481,445, representing a 67% increase year-over-year [5][31] - Net income for Q4 was $58.0 million, an improvement of $60.3 million compared to the prior year [5][24] - Adjusted EBITDA surged to $117.8 million, a significant 107% increase year-over-year [5][24] Full-Year 2024 Highlights - Full-year net revenues reached $798.9 million, reflecting a 9% growth compared to 2023 [5][22] - Total submissions for the year were 1,016,182, a 23% increase from the previous year [5][31] - The company reported a net loss of $7.3 million for the year, an improvement of $144.0 million compared to 2023 [5][22] - Adjusted EBITDA for the full year was $120.3 million, a 60% increase compared to the prior year [5][22] Operational Efficiency - Direct Operating Cost per Submission improved by 27% to $501, positioning GoHealth as an industry leader in this metric [5][31] - The integration of e-TeleQuote has driven growth and efficiency gains, enhancing performance during the 2024 Annual Enrollment Period [5][22] Strategic Initiatives - The company successfully refinanced its credit facility with a new five-year term, strengthening its financial position [5][22] - GoHealth supported nearly 3 million Medicare consumers in assessing benefit options in 2024, reinforcing its market presence [5][22] - Continued investment in artificial intelligence and advanced analytics is expected to enhance consumer experience and operational excellence [4][5]

Company Overview - GoHealth, Inc. is a leading health insurance marketplace focused on Medicare and aims to provide consumers with peace of mind in healthcare decisions [3] - The company utilizes a proprietary technology platform that employs machine-learning algorithms to match health plans to consumer needs, enhancing the enrollment process for Medicare plans [3] Upcoming Financial Results - GoHealth will release its fourth quarter 2024 financial results on February 27, 2025 [1] - A conference call and live audio webcast will be hosted by the CEO and CFO at 8:00 a.m. (ET) on the same day to discuss the results [1] Investor Relations - A live audio webcast of the conference call will be available on GoHealth's Investor Relations website, with a replay accessible shortly after the call [2]

Core Viewpoint - Go Metals Corp. has acquired five new projects in Ontario and Quebec through its subsidiary, Deep Hydrogen Corp., focusing on geologic hydrogen exploration in the Canadian Shield [1][3]. New Projects - The company has staked five new claim blocks totaling 5,641 hectares, with a detailed catalogue of surficial hydrogen indicators developed using AI and traditional prospecting techniques [4][6]. - The Hydra project spans 1,987 hectares and is located near favorable ultramafic and mafic lithologies, with good access to infrastructure [4]. - The Fornax project covers 1,049 hectares and is centered on an underexplored ultramafic intrusion, showing promise for exploration [5][7]. - The Ursa project, at 812 hectares, is situated near Timmins, Ontario, and features structural complexity and ultramafic rocks [7]. - The Aquila project, covering 626 hectares, targets deep faults and ultramafic dikes associated with the Mid-Continent Rift [8]. - The Cygnus project spans 1,167 hectares and is located near the Montviel carbonatite complex, providing accessible exploration opportunities [9]. Spring Work Programs - Upcoming programs will focus on testing gas accumulation at the surface using multispectral satellite data, soil gas sampling, and long-term monitoring in promising areas [10]. Hydrogen Potential in the Canadian Shield - The Canadian Shield consists of Precambrian crystalline basement rocks rich in ultramafic and mafic minerals, which can produce natural hydrogen through the process of serpentinization [11]. Forest Rings as a Pathfinder for Natural Hydrogen - Forest rings, circular patterns of stressed vegetation, may indicate the presence of hydrogen at depth, and the company plans to test these areas for potential links to natural hydrogen [12][13]. Hydrogen Project Regulations - The regulatory framework for hydrogen exploration in Canada is still evolving, and the company is engaging with provincial authorities to ensure compliance with regulations [14]. About Go Metals and Deep Hydrogen - Go Metals is focused on critical mineral exploration and utilizes AI tools for exploration under the GeoDL banner. Its subsidiary, Deep Hydrogen Corp., is dedicated to exploring natural hydrogen in the Canadian Shield [16].

Group 1 - The article discusses the author's background in church work and education, highlighting a transition to a different career path after earning an MBA in 2015 [1] - The author currently resides in the Midwest with family and a pet cat, indicating a personal aspect of their life [1] Group 2 - The article includes a disclosure regarding a long position in GOCO shares, indicating a vested interest in the company's performance [2] - The author also holds a long position in CVS Health, which operates Aetna health insurance, including Medicare Advantage plans, suggesting a focus on the healthcare sector [2]

Third Quarter 2024 Results November 7, 2024 FORWARD-LOOKING STATEMENTS 2 This earnings presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended, (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These forward-looking statements are made in reliance upon the safe harbor provision of the Private Securities Litigation Reform Act of 1995. All statements other than statements of histo ...

Financial Data and Key Metrics Changes - GoHealth achieved net revenues of $118.3 million in Q3 2024, down from $132 million in the same period last year [40] - Adjusted EBITDA for the quarter was negative $12.1 million, a slight decrease of $600,000 compared to the prior year [42] - Positive cash flow from operations for the trailing 12 months was $35.1 million, an increase of $38.3 million compared to the prior year [43] Business Line Data and Key Metrics Changes - Internal captive agent submissions increased by 46% year-over-year, while submissions from the GPS channel declined by 46% [40][17] - Overall submissions were up 3% year-over-year, with internal captive agent submissions driving this growth [17] Market Data and Key Metrics Changes - The market dynamics have been stagnant through Q3, but improvements are anticipated in Q4 due to new benefits and significant benefit disruption [19] - Over 2 million individuals lost coverage, and more than 6 million consumers saw reduced plan benefits, driving increased shopping for new plan options [27] Company Strategy and Development Direction - GoHealth aims to empower Medicare consumers with proprietary technological tools and a highly trained agency, transitioning from a traditional enrollment company to a Medicare engagement company [13] - The acquisition of e-TeleQuote is expected to enhance operational capacity and market leadership, adding approximately $90.5 million in contract assets and $22.5 million in cash to the balance sheet [21][23] - The company is focused on reducing direct operating costs per submission through AI and automation, with a goal of improving marketing efficiency and operational performance [33][36] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the upcoming annual enrollment period (AEP), anticipating strong demand and improved submissions revenue [28][50] - The company remains committed to delivering exceptional service to Medicare consumers and adapting to changes in the regulatory landscape [56][57] Other Important Information - GoHealth completed the refinancing of its term loan credit facility, extending the maturity through November 2029 and improving financial terms [47][48] - The company is strategically deploying cash to seize growth opportunities in the current favorable market conditions [44][50] Q&A Session Summary Question: Readiness of new agents from e-TeleQuote for AEP - Management expressed confidence in the seasoned and skilled team from e-TeleQuote, highlighting effective training and onboarding processes [59][60] Question: Plans for additional debt paydowns and target debt to EBITDA ratio - Management indicated a flexible approach to capital deployment, focusing on growth opportunities while evaluating debt paydown strategies [61][62] Question: Sustainability of internal captive agent submissions growth - Management noted that the growth in internal submissions is expected to continue due to enhanced efficiency and targeted marketing efforts [67][70] Question: Impact of cash flow improvements - Management clarified that operational efficiencies were the primary driver of cash flow improvements, rather than the agency versus non-agency mix [74][76] Question: Efforts to reduce customer acquisition costs (CAC) - Management discussed ongoing improvements in marketing targeting and technology efficiency to reduce CAC, with a focus on balancing efficiency and consumer support [78][80] Question: Future opportunities for acquisitions similar to e-TeleQuote - Management acknowledged the potential for further acquisitions, emphasizing the importance of technology and operational synergies [85][86] Question: Anticipated agency versus non-agency mix going forward - Management explained that the mix will depend on market conditions and consumer needs, allowing for flexibility in product offerings [87][90] Question: Impact of the recent election on the business - Management stated that they are prepared to adapt to changes from the new administration while continuing to focus on serving Medicare consumers [92][94] Question: Cash deployment strategy over the next six months - Management indicated a focus on extending agent availability and enhancing marketing efforts to meet consumer demand [95][96]