SelectQuote, Inc. Provides Consolidated Earnings Guidance for the Third Quarter and Full Year of Fiscal 2023
May 11, 2023 at 02:02 am IST
Share
SelectQuote, Inc. provided consolidated earnings guidance for the third quarter and full year of fiscal 2023. For the quarter, the company expects revenue of $299.4 million. Net income of $9.3 million.
For the full year, the company expects revenue now expected in a range of $950 million to $970 million. Net loss now expected in a range of $68 million to $48 million.
SelectQuote Inc. is a technology-enabled, direct-to-consumer (DTC) distribution and engagement platform for insurance products and healthcare services. The Company operates through four business lines, which include SelectQuote Senior, which provides shopping platform for Medicare Advantage and Medicare Supplement insurance plans as well as prescription drug and dental, vision, and hearing plans, and critical illness products; SelectQuote Healthcare Services, which is comprised of the SelectRx Pharmacy, a specialized medication management pharmacy; SelectQuote Life segment that provides shopping platform for life insurance products such as term life, final expense, and other ancillary products like critical illness, accidental death, and juvenile insurance, and SelectQuote Auto & Home segment provides shopping platform for auto, home, and specialty insurance lines, as well as insurance products such as homeowners, auto, dwelling fire, and other ancillary insurance products.