LifeMD Q4 2020 Earnings Report
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.
LifeMD
LifeMD
LifeMD 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income