LifeMD Q1 2021 Revenues on Track to Exceed $17 Million, up 295%, with Subscriptions Representing More than 80% of Total Revenue
LifeMD, Inc. (LFMD)
Company Research
Source: GlobeNewswire
NEW YORK, March 05, 2021 (GLOBE NEWSWIRE) -- LifeMD, Inc. (NASDAQ: LFMD) (formerly Conversion Labs), a leading direct-to-patient telehealth company, expects revenue for the first quarter ending March 31, 2021 to exceed $17 million, up more than 295% compared to the same year-ago quarter. “Given the strengthening sales and customer growth we’ve been seeing over the last few months, we are well on track for another record-breaking quarter that will once again exceed all expectations,” stated LifeMD CEO, Justin Schreiber. “We are now hitting an annualized run-rate of more than $68 million, with increasing momentum coming into March. Our growing recurring revenue stream from subscriptions is also providing us greater visibility into future performance.” Subscriptions are expected to generate more than 80% of revenue in the quarter, compared to about 63% in the same year-ago period. The increase in subscription revenue is expected to be largely due to sales of the company’s Shapiro MD™
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LFMD
News
- LifeMD, Inc. (NASDAQ: LFMD) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $12.00 price target on the stock.MarketBeat
- LifeMD First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- LifeMD, Inc. (NASDAQ:LFMD) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- LifeMD, Inc. (NASDAQ: LFMD) had its price target raised by analysts at Cantor Fitzgerald from $13.00 to $15.00. They now have an "overweight" rating on the stock.MarketBeat
- LifeMD Reports First Quarter 2024 Results; Raises Full Year Revenue GuidanceGlobeNewswire
LFMD
Earnings
- 5/8/24 - Beat
LFMD
Sec Filings
- 5/8/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/29/24 - Form ARS
- LFMD's page on the SEC website