LifeMD Reports Third Quarter 2024 Results
LifeMD, Inc. (LFMD)
Company Research
Source: GlobeNewswire
Total revenues increased 38% year-over-year to $53.4 million with telehealth revenue up 65%Record gross margin of 90.6%, up 300 basis points from the year-ago periodAdjusted EBITDA increased 33% to $3.7 millionTelehealth adjusted EBITDA of $2.5 million, a 200% sequential increase versus the second quarterCash of $37.6 million as of September 30, 2024Generated $6.2 million of cash flow from operations in the third quarter and positive net cash flow in each of the last four quarters Conference call begins at 4:30 p.m. Eastern time today NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- LifeMD, Inc. (Nasdaq: LFMD), a leading provider of virtual primary care services, today reported financial results for the three and nine months ended September 30, 2024. Management Commentary “LifeMD’s core telehealth business had another very strong quarter, led by outperformance in both our Rex® MD and virtual primary care verticals. We not only are very pleased with our
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LFMD
News
- Health-E Commerce® announces new telehealth collaboration with Rex MD® to support men's health on FSA Store® and HSA Store® [Yahoo! Finance]Yahoo! Finance
- LifeMD, Inc. (NASDAQ: LFMD) is now covered by analysts at Lake Street Capital. They set a "buy" rating and a $12.00 price target on the stock.MarketBeat
- LifeMD to Participate in the Mizuho Health Care Conference: Medical Device, Services, Technology and Distribution [Yahoo! Finance]Yahoo! Finance
- LifeMD to Participate in the Mizuho Health Care Conference: Medical Device, Services, Technology and DistributionGlobeNewswire
- LifeMD, Inc. (NASDAQ: LFMD) is now covered by analysts at Mizuho. They set a "neutral" rating and a $7.00 price target on the stock.MarketBeat
LFMD
Earnings
- 11/7/24 - Beat
LFMD
Sec Filings
- 12/10/24 - Form 4
- 12/5/24 - Form 4
- 12/5/24 - Form 4
- LFMD's page on the SEC website