GoHealth gains on lower Q1 loss, plan to exit non-Encompass BPO Services

GoHealth

08/05/2023 14:24

** Digital health firm GoHealth Inc  GOCO.O  up 12.9% at $11
before the bell
    ** Company's loss for Q1 narrowed to $1.12/share compared to
$1.74/share, a year ago
    ** Additionally, co makes strategic decision to exit its
non-Encompass BPO Services to focus on its core business; exit
to be completed in Q3FY23
    ** Co expects financial benefit of this change to begin to
show in Q2FY23 results 
    ** GOCO reiterates 2023 outlook; expects total net rev of
$750 - $850 mln and adjusted EBITDA of $100 - $140 mln
    ** Up to last close, stock has fallen 6.8% YTD

 (Reporting by Sri Hari N S in Bengaluru)
 ((SriHari.NS@thomsonreuters.com;))