LifeMD: Results And Guidance Point To Continued Strength In Weight Management Program [Seeking Alpha]
LifeMD, Inc. (LFMD)
Company Research
Source: Seeking Alpha
Weight management subscribers more than doubled sequentially, resulting greater than 100% revenue growth quarter over quarter from this segment. Management raised its 2024 revenue forecast to at least $200 million, indicating strong growth potential and the likelihood of analyst upward revisions. LifeMD ( NASDAQ: LFMD ) reported Q4 '23 results today . Revenues advanced by 60% to $44.9 million. Telehealth revenues increased by 90% to $31.2 million, and very impressively, gained 28% sequentially. This was driven by an increase in weight management subscribers from 10,000 in September to over 22,000 on December 31, resulting in revenues from this segment more than doubling from the third quarter. Management noted that subscribers have grown to 35,000 as of today, and that 80% of the 70% of initial subscribers who start pharmacotherapy (or 56% of the total) remain on medication after ninety days. Currently, the weight management program is adding over 250 net new patients daily. Ma
Show less
Read more
Impact Snapshot
Event Time:
LFMD
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LFMD alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LFMD alerts
High impacting LifeMD, Inc. news events
Weekly update
A roundup of the hottest topics
LFMD
News
- LifeMD to Report First Quarter 2024 Financial Results on May 8GlobeNewswire
- LifeMD to Participate in Upcoming Investor and Industry Conferences During May [Yahoo! Finance]Yahoo! Finance
- LifeMD, Inc. (NASDAQ: LFMD) had its price target raised by analysts at BTIG Research from $13.00 to $14.00. They now have a "buy" rating on the stock.MarketBeat
- LifeMD to Participate in Upcoming Investor and Industry Conferences During MayGlobeNewswire
- United States Telehealth Weight Loss Market Report 2024: Surge in Telehealth Weight Loss Programs Amidst GLP-1 Medications Boom - Analysis, Forecasts, and Consolidation Insights for 2025 [Yahoo! Finance]Yahoo! Finance
LFMD
Earnings
- 3/11/24 - Beat
LFMD
Sec Filings
- 4/5/24 - Form 4
- 3/25/24 - Form 4
- 3/25/24 - Form 4
- LFMD's page on the SEC website