LifeMD's Turnaround Shows Sign Of Life

Pacifica Yield
12.61K Followers

Summary

  • LifeMD's year-to-date returns of 106% show a management turnaround, with the company aiming to reach cash flow breakeven by mid-2023.
  • The telehealth market is forecasted to grow at a 35% compound annual growth rate from 2023, with LifeMD's portfolio of brands poised to benefit from this trend.
  • LifeMD's first-quarter revenue grew by 13.8% year-over-year, with gross profit margin expanding to 87.28%, and net losses improving to $4 million.
Caring mother communicates with the doctor on a video call

blackCAT/E+ via Getty Images

LifeMD (NASDAQ:LFMD) might have lost half of its market cap over the last three years but its year-to-date returns of 106% reflect a management turnaround that's picked up steam on the back of LifeMD's fiscal 2023 first-quarter earnings from a

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of LFMDP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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