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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100