LifeMD: Selling WorkSimpli Could Be A Catalyst [Seeking Alpha]
LifeMD, Inc. (LFMD)
Company Research
Source: Seeking Alpha
Summary LifeMD's Q2 2024 earnings were mixed, with management failing to monetize the non-core WorkSimpli asset, leading me to assign it no value. Despite management's over-promising, LifeMD's telehealth and GLP1 offerings show significant potential, with the stock priced at 14x forward EBITDA. I have revised my price target from $20 to $15 per share by summer 2025, due to management's credibility issues and uncertainties in GLP1 prospects. LifeMD remains a compelling investment with strong fundamentals and a solid balance sheet, but it's a high-risk, high-return opportunity. Ljupco/iStock via Getty Images Investment Thesis LifeMD, Inc. NASDAQ: LFMD ) reported a mixed Q2 2024 earnings result and guidance. Management states that its non-core asset, WorkSimpli, had some mishaps in Q2, but these aspects are now behind themselves. And yet, this was the same narrative that they provided last quarter. Consequently, I now believe that WorkSimpli has no value . Or better put,
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LFMD
News
- LifeMD to Participate in Three Investor Conferences During NovemberGlobeNewswire
- LifeMD, Inc. (NASDAQ: LFMD) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $12.00 price target on the stock.MarketBeat
- LifeMD, Inc. 2024 Q3 - Results - Earnings Call Presentation [Seeking Alpha]Seeking Alpha
- LifeMD Inc (LFMD) Q3 2024 Earnings Call Highlights: Strong Telehealth Growth and Strategic ... [Yahoo! Finance]Yahoo! Finance
- LifeMD Reports Third Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
LFMD
Earnings
- 11/7/24 - Beat
LFMD
Sec Filings
- 11/14/24 - Form SC
- 11/8/24 - Form SC
- 11/7/24 - Form 10-Q
- LFMD's page on the SEC website