Livongo Health: Revolutionizing Healthcare, 1 Patient At A Time

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About: Livongo Health, Inc. (LVGO)
by: Richard Chu
This article is exclusive for subscribers.
Richard Chu
Long only, Growth, mid-cap
Summary

Livongo is a recent digital health IPO with a SAAS-style business model that leverages AI to help people manage their chronic conditions.

With revenue growth of 148% and gross margins of 75% in Q3 2019, it is among the fastest-growing public companies.

It has amassed a strong clientele, including 20% of the Fortune 500 such as Target, Pepsi, Microsoft, Merck, and Citigroup.

It is a first-mover with no public competition and an attractive valuation with a two-year forward P/S of 5.3x.

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