LifeStance Q4 Earnings Review: Monetizing Mental Health Virtually Is Problematic [Seeking Alpha]
LifeStance Health Group, Inc. (LFST)
Company Research
Source: Seeking Alpha
LifeStance provides mental health services and operates a network of ~575 outpatient behavioral health centers where clinicians conduct consultations face-to-face or virtually. Despite driving revenues of $1bn, the company made a loss of $(186m) in 2023, and $(216m) in 2022, on $860m of revenues. The private equity firm TPG made a major $1bn investment in LifeStance at a time when “virtual care” was booming, but the industry has performed poorly in the three years since with many listed companies delisted or out of business. LifeStance seems to want to pivot more into “virtual care” to save money on property leases — ultimately, this strategy seems unlikely to pay off. Investment Overview LifeStance Health Group, Inc. ( NASDAQ: LFST completed its Initial Public Offering ("IPO") in June 2021, raising ~$720m via the issuance of 40m shares priced at $18 per share. Post-IPO, the company achieved a market cap of ~$7.9bn. LifeStance was founded in Bellevue, Washington, in 2017.
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LFST
News
- LifeStance Destigmatizes Mental Health in Newest "Not One Face" Campaign Featuring Photography from Leica Ambassadors [Yahoo! Finance]Yahoo! Finance
- LifeStance Destigmatizes Mental Health in Newest "Not One Face" Campaign Featuring Photography from Leica AmbassadorsPR Newswire
- LifeStance Health Group, Inc. (NASDAQ: LFST) had its "overweight" rating re-affirmed by analysts at Morgan Stanley. They now have a $10.00 price target on the stock.MarketBeat
- Alliance Spine and Pain Centers Implement Behavioral Health Screening With Mental Health Technologies' Patented SmarTest(TM) Technology [Yahoo! Finance]Yahoo! Finance
- LifeStance to Host First Quarter 2024 Earnings Conference Call on May 9, 2024GlobeNewswire
LFST
Earnings
- 11/7/23 - Miss
LFST
Sec Filings
- 4/23/24 - Form ARS
- 4/23/24 - Form DEFA14A
- 4/23/24 - Form DEF
- LFST's page on the SEC website