GoHealth Drops on Going Concern Warning; Delays 10-Q Filing (1)

(Adds shares.)

GoHealth shares are down 6.5% in extended trading after the insurance company said there is substantial doubt about its ability to continue as a going concern and delayed the filing of its 10-Q for the three months ended March 31.

• There is a significant likelihood that the company will be unable to maintain compliance with its covenants and make scheduled principal and interest payments, the company said in an SEC filing
• Management has developed mitigating plans to address the potential liquidity constraints, including cost control measures and renegotiation of the terms of its existing debt arrangements

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