Welcome to our dedicated page for Lifemd news (Ticker: LFMD), a resource for investors and traders seeking the latest updates and insights on Lifemd stock.
LifeMD, Inc. (Nasdaq: LFMD) is a virtual primary care and pharmacy company whose news flow centers on telehealth expansion, clinical program development, strategic collaborations, and capital markets activity. As a provider of virtual healthcare services across more than 200 conditions, LifeMD regularly issues updates on its weight management, women’s health, men’s health, behavioral health, and primary care offerings, as well as on its pharmacy and compounding pharmacy capabilities.
News about LifeMD often highlights clinical and commercial partnerships, particularly in obesity and metabolic health. The company has announced an expanded collaboration with Novo Nordisk, under which LifeMD is recognized as a telehealth partner offering FDA-approved GLP‑1 therapies such as Wegovy and Ozempic. Press releases describe new product availability, including the Wegovy oral pill, and cash-pay pricing initiatives designed to broaden access to branded GLP‑1 medications through LifeMD’s virtual weight management programs.
Investors and observers can also expect financial and corporate updates in LifeMD’s news stream. These include quarterly earnings releases, segment performance commentary, and disclosures about strategic transactions such as the divestiture of its majority interest in WorkSimpli Software LLC. The company’s transition into a pure-play virtual care and pharmacy platform, along with its efforts to strengthen its balance sheet, are recurring themes in management commentary.
Additional news items cover capital structure and governance developments, such as the authorization of dividends on the company’s 8.875% Series A Cumulative Perpetual Preferred Stock (LFMDP) and the establishment of a senior secured revolving credit facility with Citizens Bank, N.A. Regulatory and reporting updates, including Forms 8‑K and notifications of late filings related to financial statement adjustments, also appear in the company’s announcements.
For those following LFMD, this news page provides a centralized view of LifeMD’s earnings reports, clinical program launches, partnership expansions, financing arrangements, and regulatory disclosures, offering context on how the company is evolving its virtual care and pharmacy platform over time.
LifeMD, Inc. (NASDAQ: LFMD) has announced its financial results for the fourth quarter and full year ending December 31, 2022, will be reported after market close on March 22, 2023. This will be followed by a conference call at 4:30 PM ET to discuss the results and provide corporate updates.
LifeMD specializes in direct-to-patient telehealth services, focusing on virtual primary care and specialized treatment for various health conditions. The company aims to enhance access to affordable healthcare through its technology platform and nationwide pharmacy network.
LifeMD, Inc. (NASDAQ: LFMD) announced the appointment of Dr. Joan LaRovere to its Board of Directors, expanding the board to nine members, with seven independent directors. Dr. LaRovere brings extensive experience from top hospitals and expertise in healthcare data and technology. Her roles include Director of Innovation at Boston Children’s Hospital and Assistant Professor at Harvard Medical School. She aims to leverage her background to enhance LifeMD's mission of improving access to affordable virtual care. The press release underscores LifeMD’s commitment to using technology for advancing healthcare delivery.
LifeMD, Inc. (NASDAQ: LFMD) has announced the appointment of Jessica Friedeman as Chief Marketing Officer, succeeding Stefan Galluppi, who remains as Chief Innovation Officer. Friedeman brings nearly 20 years of experience in patient engagement and revenue growth, having previously served as CMO at Healthgrades and Mercury Healthcare. CEO Justin Schreiber expressed optimism about her role in enhancing the company's telehealth services, which have served over 177,000 patients in the past year, highlighting LifeMD's commitment to delivering personalized healthcare.
LifeMD, Inc. (NASDAQ: LFMD/LFMDP) announced a cash dividend of $0.5546875 per share for its 8.875% Series A Cumulative Perpetual Preferred Stock. This dividend will be paid on January 17, 2023, to shareholders recorded by January 6, 2023. LifeMD is a telehealth company offering comprehensive healthcare services across all 50 states, utilizing technology to enhance accessibility and affordability of primary care, diagnostics, and treatments. This favorable announcement underscores the company's commitment to rewarding its investors.
LifeMD, Inc. (NASDAQ: LFMD) has ranked #140 on Deloitte’s Technology Fast 500™, recognizing its impressive growth in the telehealth sector. This ranking follows previous placements of #189 and #164 in 2019 and 2018, respectively. Companies are evaluated based on revenue growth from 2018 to 2021, with LifeMD demonstrating strong performance. The 2022 Fast 500 companies achieved revenue growth between 241% to 125,138%, with a median of 611%. CEO Justin Schreiber emphasized the importance of their innovative telehealth services in improving patient access and care.
LifeMD, a direct-to-patient telehealth company, announced its participation in several upcoming conferences. Key details include:
- BTIG Digital Health Forum: Nov 21, 2022, at 1:00 PM EST, focusing on Virtual Primary Care and Health Services.
- Piper Sandler 34th Annual Healthcare Conference: Nov 29-Dec 1, 2022, with one-on-one meetings available.
- RHK Capital 2022 Disruptive Growth Conference: Dec 5-6, 2022, featuring presentations and individual meetings.
Live presentation links will be accessible on the company's investor webpage.
LifeMD reported its thirteenth consecutive quarter of record revenue, achieving $31.4 million in Q3 2022, a 26% increase year-over-year. The company improved its adjusted EPS to $(0.03), marking a 91% enhancement from the previous year. The consolidated adjusted EBITDA loss was reduced to $889,000, with expectations of achieving profitability in Q4 2022. The company saw a 36% rise in telehealth active subscribers and a 57% increase in WorkSimpli revenue. Management remains focused on maximizing shareholder value amid ongoing negotiations for the divestiture of WorkSimpli.
LifeMD, Inc. (NASDAQ: LFMD) has announced it will release its financial results for Q3 2022 on November 10, 2022, after market close. The company's management will conduct a conference call at 4:30 PM ET to discuss the results and provide additional corporate updates. LifeMD specializes in direct-to-patient telehealth services across various medical fields, enhancing access to affordable healthcare through its technology platform and nationwide pharmacy network.
LifeMD, Inc. (NASDAQ: LFMD/LFMDP) announced a cash dividend of $0.5546875 per share for its 8.875% Series A Cumulative Perpetual Preferred Stock (LFMDP). This dividend will be paid on October 17, 2022, to shareholders on record as of October 7, 2022. LifeMD is recognized for its direct-to-patient telehealth services across the U.S., providing accessible healthcare through its advanced technology platform and pharmacy network.
LifeMD, Inc. (NASDAQ: LFMD) announces the appointment of Bobby Jindal, former Governor of Louisiana, to its board of directors. Jindal aims to enhance LifeMD's telehealth services and drive innovative healthcare access. With a significant background in healthcare policy and management, he brings valuable insights to the company. LifeMD seeks to leverage his expertise to expand its services and strengthen its market position. This move is expected to empower LifeMD's vision of improving healthcare accessibility through technology-driven solutions.