Nov. 7 at 12:53 AM
$SLQT Reason for today's plunge:
However, the consolidated Adjusted EBITDA showed a significant decline, standing at $(32.1) million compared to $(1.7) million in the previous year.
Business and Operational Highlights
The company's performance across its three segments was mixed:
Senior Segment: Revenue decreased by 37% to
$59.0 million, with an Adjusted EBITDA of $(21.0) million. The number of approved Medicare Advantage policies also fell by 32% to 62,510.
Healthcare Services: Revenue increased by 42% to
$221.4 million, with an Adjusted EBITDA of
$7.2 million. The number of SelectRx members grew by 24% to 106,914.
Life Segment: Revenue rose by 19% to
$46.6 million, although Adjusted EBITDA decreased by 7% to
$5.6 million.
