LifeMD, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
March 11, 2024 at 04:31 pm EDT
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LifeMD, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported revenue was USD 152.55 million compared to USD 119.03 million a year ago. Net loss was USD 20.6 million compared to USD 45.54 million a year ago.
Basic loss per share from continuing operations was USD 0.7 compared to USD 1.57 a year ago. Diluted loss per share from continuing operations was USD 0.7 compared to USD 1.57 a year ago.
LifeMD, Inc. is a direct-to-patient telehealth company, which provides comprehensive virtual and in-home healthcare. The Company operates through two segments: Telehealth and WorkSimpli. Telehealth segment is engaged in telehealth platform, which integrates a clinician-centric electronic medical record (EMR) system, algorithms for case-load balancing and scheduling, customer relationship management functionality, asynchronous communication, secure synchronous, cloud pharmacy and more. Its technology platform, combined with its 50-state affiliated provider network, enables the management of virtual treatment offerings across various health conditions, including, dermatology, urgent and primary care, chronic care management, dermatology, chronic care management and other. Its WorkSimpli segment offers workplace and document services. This segment offers PDFSimpli an online software as a service platform that allows users to create, edit, convert, sign and share PDF documents.