SelectQuote Reports a Net Loss of $47.8 Million for Q2 2023
Revenue Increases to $221.8 Million in Q2 2023, Reflecting Growth
By USInMinutes
Published - Sep 13, 2023, 10:24 AM ET
Last Updated - Sep 13, 2023, 10:24 AM EDT
SelectQuote, Inc.(SLQT) and its subsidiaries h ave released their consolidated financial results for the second quarter of 2023. The report reveals a net loss of $47.8 million for the quarter, but it also highlights a significant increase in revenue, which reached $221.8 million. These financial figures offer insights into the company's performance and strategic direction.
Net Income/Loss
Net Loss for Q2 2023
In the second quarter of 2023, SelectQuote reported a net loss of $47.8 million. This loss, while substantial, represents a key data point in the company's financial performance. It is important to examine the factors contributing to this loss, which will be discussed later in this article.
