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Dec 31, 2020
LifeMD Q4 2020 Earnings Report
LifeMD's Q4 2020 revenue increased by 227% reaching a record of $12.9 million.
Key Takeaways
LifeMD reported a significant increase in revenue for Q4 2020, reaching a record $12.9 million, a 227% increase compared to the same period last year. This growth was primarily driven by a substantial increase in telemedicine product revenues. The company is forecasting revenue to range between $85 million and $95 million for the full year 2021.
Q4 2020 revenue increased by 227% to a record $12.9 million.
Telemedicine product revenues increased by 293%.
PDFSimpli subsidiary contributed net sales of $2.6 million, up 96%.
The company is forecasting revenue to range between $85 million and $95 million for the full year 2021.
Revenue by Segment
Forward Guidance
For the full year 2021, the company is forecasting revenue to range between $85 million and $95 million, or grow 128% to 155%.
Positive Outlook
- Revenue is expected to range between $85 million and $95 million for the full year 2021.
- Revenue is expected to grow 128% to 155% for the full year 2021
- Subscription rate for new telemedicine orders has grown.
- Plans to launch additional telehealth products and services.
- Expansion of digital health ecosystem.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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