LifeMD Sees Q1 Revenue $42M-$43M vs $42.54M Est., FY24 Revenue $200M+ vs $191.52M Est. (Prior Est. $195M-$205M)
Portfolio Pulse from Benzinga Newsdesk
LifeMD projects Q1 revenue to be between $42M-$43M, closely aligning with the $42.54M estimate. For FY24, the company anticipates over $200M in revenue, surpassing the $191.52M estimate and adjusting its prior forecast from $195M-$205M.
March 11, 2024 | 8:25 pm
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POSITIVE IMPACT
LifeMD projects its Q1 revenue to align with estimates and anticipates a significant increase in FY24 revenue, exceeding analyst expectations.
LifeMD's announcement of its Q1 revenue being in line with estimates and its FY24 revenue forecast exceeding expectations is likely to instill confidence among investors. This positive outlook, especially the upward revision of the FY24 revenue forecast, suggests strong growth potential and operational efficiency, which could lead to an increase in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100