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Stock impact report

Medifast Announces First Quarter 2024 Financial Results [Yahoo! Finance]

LifeMD, Inc. (LFMD) 
Company Research Source: Yahoo! Finance
solution, OPTA VIA® , today reported results for the first quarter ended March 31, 2024. First Quarter 2024 Revenue of $174.7 million, with revenue per active earning coach of $4,623 Independent active earning OPTA VIA Coaches of 37,800 Net income of $8.3 million (non-GAAP adjusted net income of $7.2 million) Earnings per diluted share ("EPS") of $0.76 (non-GAAP adjusted EPS of $0.66) Cash, Cash Equivalents, and Investment Securities of $156.4 million with zero debt "Fast paced medical innovation is providing greater access to medical weight loss solutions than ever before. We are transforming our OPTA VIA offer to include comprehensive support for consumers who wish to use GLP-1 medical weight loss solutions on their individual journeys to sustainable healthy lifestyles. It's a market that is estimated by a recent BCG market study to have the potential to grow to $50B or more by 2030, and it's one that we are uniquely positioned to capitalize on," said Dan Chard, Chairm Show less Read more
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