LifeMD, Inc. provides virtual primary care through a direct-to-patient telehealth platform that combines telemedicine, laboratory access, pharmacy services, a 50-state affiliated medical group, an affiliated pharmacy and a U.S.-based patient care center. Company news commonly covers its Telehealth operating segment, recurring subscription revenue, patient sign-ups, gross margin trends and guidance.
Recurring updates also address LifeMD’s specialized care areas, including primary care, men’s and women’s health, weight management and hormone therapy. News items feature GLP-1 weight management offerings such as Wegovy and Foundayo, branded therapy access through manufacturer programs, preferred stock dividends, executive leadership changes and investor conference participation.
Medifast (NYSE: MED), the health and wellness company behind the OPTAVIA® lifestyle solution, has scheduled its fourth quarter and full year 2024 financial results announcement for Tuesday, February 18, 2025, after market close.
The company will host a conference call at 4:30 p.m. ET on the same day, featuring Chairman and CEO Dan Chard and CFO Jim Maloney. The call will be broadcast live on Medifast's Investor Relations website and will remain archived through May 18, 2025. Telephone participants can dial (201) 389-0879 to join, with a playback available from 8:30 p.m. ET through February 25, 2025, accessible at (412) 317-6671 with access code 13751326.
LifeMD (Nasdaq: LFMD), a leading virtual primary care services provider, has announced its participation in the 12th Annual BTIG MedTech, Digital Health, Life Science & Diagnostic Tools Conference. The conference is scheduled for February 11-12, 2025, and will take place at the Cliff Lodge in Snowbird, Utah. The company's management team will be conducting one-on-one meetings throughout the duration of the conference.
Medifast (NYSE:MED) has launched OPTAVIA ASCEND, a new high-protein product line featuring mini meals and daily nutrient packs. The products are part of two science-backed nutrition plans targeting GLP-1 medication users and individuals seeking weight maintenance support.
The launch addresses critical challenges in the weight management market, particularly the fact that two-thirds of weight lost on GLP-1 medications is typically regained within 12 months of stopping treatment. Additionally, muscle loss on these medications can equal up to a decade of natural muscle loss within 12-18 months.
OPTAVIA ASCEND combines high-protein products with personalized coaching support and builds on Medifast's existing collaboration with LifeMD for GLP-1 medication access. The products are designed to provide essential nutrients promoting muscle, digestive, and bone health while supporting long-term weight management success through proper nutrition and lifestyle habits.
LifeMD (Nasdaq: LFMD), a virtual primary care services provider, has announced a quarterly dividend for holders of its 8.875% Series A Cumulative Perpetual Preferred Stock (Nasdaq: LFMDP). The dividend payment of $0.5546875 per share will be distributed on January 15, 2025, to shareholders of record as of January 3, 2025.
Medifast (NYSE: MED) released findings from a recent independent survey of 2,000 U.S. adults trying to lose weight, revealing key insights about weight loss medications and lifestyle changes. The survey, conducted by Talker Research, shows that 65% of respondents believe weight loss medications are more effective when combined with lifestyle changes, while 45% agree that medications alone won't achieve long-term goals.
Notable findings include: 73% would commit to healthy eating and 72% to regular exercise, even if weight loss medications were available. 58% wished for more support in their weight loss journey and would consider a medically supported program with personalized meal plans and support groups.
Studies indicate that FDA-approved GLP-1 medications combined with lifestyle modification programs like OPTAVIA may help achieve an average 15% body weight reduction. Medifast's approach incorporates both medication support and coaching for comprehensive weight management.
LifeMD (Nasdaq: LFMD), a leading virtual primary care services provider, has announced its participation in the Mizuho Health Care Conference: Medical Device, Services, Technology and Distribution. The event will take place on December 11, 2024 at the Sofitel New York.
The company's management team will be available for one-on-one meetings with investors throughout the conference day. Institutional investors who wish to meet with LifeMD management at the conference should coordinate through their Mizuho Securities representative.
LifeMD (Nasdaq: LFMD), a leading virtual primary care services provider, has announced its participation in three major investor conferences this November. The company will attend the Craig-Hallum 15th Annual Alpha Select Conference on November 19 at the Sheraton NY Times Square Hotel, the Stephens NASH24 Conference on November 20 at the Grand Hyatt Nashville, and the BTIG Digital Health Forum on November 25. At BTIG, management will participate in a panel discussion titled 'Primary Care is the Solution' at 10:00 a.m. Eastern time. The management team will be available for one-on-one meetings with investors at all three events.
LifeMD (NASDAQ: LFMD) reported strong Q3 2024 results with total revenues increasing 38% year-over-year to $53.4 million, driven by 65% growth in telehealth revenue. The company achieved a record gross margin of 90.6% and Adjusted EBITDA of $3.7 million. Telehealth subscribers grew 30% to 269,000, while telehealth adjusted EBITDA reached $2.5 million. The company maintained strong cash position of $37.6 million and generated $6.2 million in operating cash flow. For Q4 2024, LifeMD expects revenues between $57-58 million and adjusted EBITDA of $6.5-7.0 million.
LifeMD (NASDAQ: LFMD) has launched its state-of-the-art affiliated pharmacy in Lancaster, PA, completing its end-to-end telehealth platform. The 22,500-square-foot facility can process up to 5,000 daily prescriptions and is expected to be licensed across all 50 states, DC, and Puerto Rico by year-end. This integration is projected to generate $5 million in annualized expense savings. The pharmacy enhances LifeMD's vertically integrated platform, which includes proprietary virtual-care technology, a 50-state medical group, and a U.S.-based patient care center. The facility will enable personalized care packages and bundled shipments combining prescriptions and wellness products.
Medifast (NYSE: MED) reported Q3 2024 financial results with revenue of $140.2 million, down 40.6% from $235.9 million in Q3 2023. The company had 30,000 active earning OPTAVIA coaches, a 36.3% decrease from 47,100 in the previous year. Net income was $1.1 million ($0.10 per diluted share), compared to $23.1 million ($2.12 per diluted share) in Q3 2023. The company maintains a strong balance sheet with $170.0 million in cash and no debt. For Q4 2024, Medifast expects revenue between $100-120 million and projects a diluted loss per share of $0.10 to $0.65.