- SelectQuote, Inc (NYSE:SLQT) reported a fourth-quarter FY22 revenue decline of 24.8% year-on-year to $139.4 million, missing the consensus of $199.2 million.
- Senior revenue declined 21% Y/Y to $97.9 million.
- Life revenue decreased 34% Y/Y to $37.3 million. The adjusted EBITDA margin contracted 1,100 bps to 2%.
- Auto & Home revenue was flat Y/Y to $7.1 million. The adjusted EBITDA margin expanded 300 bps to 21%.
- Net loss was $(104.7) million with an EPS loss of $(0.64).
- It held $141 million in cash and equivalents and used $(54) million in operating cash flow.
- Outlook: SelectQuote sees FY23 revenue of $850 million – $950 million, below the consensus of $986.2 million.
- Price Action: SLQT shares traded lower by 20.16% at $1.44 on the last check Monday.
- Photo Via Pixabay
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