Stonegate Capital Partners Initiates Coverage on GoHealth Inc. (GOCO)

Core Insights - Stonegate Capital Partners has initiated coverage on GoHealth Inc. (NASDAQ: GOCO) following a strong performance in Q4 2024, characterized by significant revenue growth and operational efficiencies [1][3] Financial Performance - GoHealth's net revenues increased by 41% year-over-year to $389.1 million, driven by a 67% rise in submissions [1][6] - The company reported a net income of $58.0 million, a notable recovery from the previous year's loss [1] - Adjusted EBITDA more than doubled to $117.8 million, indicating improved profitability [1] - There was a 170% year-over-year increase in submissions, showcasing strong demand for GoHealth's services [6] - Direct Operating Cost per Submission improved by 27% year-over-year to $501, reflecting enhanced operational efficiency [6] Strategic Focus - GoHealth is positioned as a leader in the Medicare-focused digital health marketplace, supported by strategic investments in technology and operational excellence [1] - As the company enters 2025, management aims for sustainable growth and market share expansion through innovation and disciplined execution [1]