LifeMD, Inc. Provides Earnings Guidance for the Fiscal Year 2024
January 08, 2024 at 08:00 am EST
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LifeMD, Inc. provided earnings guidance for the fiscal year 2024. For the year, the company expects revenue to be between $195 million and $205 million and represents a 31% to 38% increase over the midpoint of 2023 guidance.
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.