LifeMD, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 04:46 pm EST
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LifeMD, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 38.61 million compared to USD 31.41 million a year ago. Net loss was USD 6.12 million compared to USD 7.28 million a year ago. Basic loss per share from continuing operations was USD 0.2 compared to USD 0.26 a year ago. Diluted loss per share from continuing operations was USD 0.2 compared to USD 0.26 a year ago.
For the nine months, revenue was USD 107.69 million compared to USD 90.91 million a year ago. Net loss was USD 16.86 million compared to USD 33.6 million a year ago. Basic loss per share from continuing operations was USD 0.58 compared to USD 1.17 a year ago. Diluted loss per share from continuing operations was USD 0.58 compared to USD 1.17 a year ago.
LifeMD, Inc. is a direct-to-patient telehealth company, which provides comprehensive virtual and in-home healthcare. The Company operates through two segments: Telehealth and WorkSimpli. Telehealth segment is engaged in telehealth platform, which integrates a clinician-centric electronic medical record (EMR) system, algorithms for case-load balancing and scheduling, customer relationship management functionality, asynchronous communication, secure synchronous, cloud pharmacy and more. Its technology platform, combined with its 50-state affiliated provider network, enables the management of virtual treatment offerings across various health conditions, including, dermatology, urgent and primary care, chronic care management, dermatology, chronic care management and other. Its WorkSimpli segment offers workplace and document services. This segment offers PDFSimpli an online software as a service platform that allows users to create, edit, convert, sign and share PDF documents.
LIFEMD, INC. 
