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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.
LifeMD
LifeMD
LifeMD Revenue by Segment
Revenue by Segment
Telehealth Revenue
CapyFin.com 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.