LifeMD Raises 2024 Telehealth Revenue Guidance From $140M To $150M; Sees Q3 Telehealth Revenue $39.5M-$40.5M, Revenue $53M-$54M vs $53.27M Est.
Portfolio Pulse from Benzinga Newsdesk
LifeMD has raised its 2024 telehealth revenue guidance from $140 million to $150 million. The company also projects Q3 telehealth revenue to be between $39.5 million and $40.5 million, with total revenue expected to be between $53 million and $54 million, compared to an estimate of $53.27 million.
August 07, 2024 | 9:58 pm
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LifeMD has increased its 2024 telehealth revenue guidance to $150 million and expects Q3 telehealth revenue to be between $39.5 million and $40.5 million. Total Q3 revenue is projected to be between $53 million and $54 million, slightly above the estimate of $53.27 million.
The increase in revenue guidance and the positive Q3 revenue projection are likely to boost investor confidence and positively impact LifeMD's stock price in the short term.
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