Hagerty(HGTY) - 2023 Q1 - Earnings Call Transcript

Patrick McClymont Turning to profitability, shown on Slide 9, we reported a fourth quarter operating loss of $16 million, compared to a loss of $13 million in the prior period. This operating loss included a $6 million restructuring charge related to the reduction in force that we implemented in the quarter, which drive margins higher as well as reduced hiring plans and other cost containment initiatives. Net loss for the quarter was $17 million (sic) [$15 million], compared to a net gain of $16 million a y ...