May 7, 2021

Knews

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Although Teladock’s net loss hits revenue expectations, it has entered the stock market

After the economic downturn in 2020, Teladok reported a net loss of $ 1.31 per share – losing $ 0.71 in Q1 earnings per share. The net loss was $ 199.6 million.

However, it hit $ 1.76 million. The telecom giant also raised its Q2 estimates, as well as its year-round estimates.

“Due to the rapid pace of growth across our channels and geographical areas and the continued growth of new and expanded opportunities, we are raising $ 20 million year-on-year from $ 1.97 billion to $ 2.02 billion,” Jason said. Golavic, CEO of Teladok, said during a call for revenue.

Despite this annual expectation, the company’s stock a Downhill Incoming call was announced yesterday. On the last day, the stock fell from $ 188 to $ 168.

Temperature information

Teladok showed a 151% increase in the first quarter to $ 454 million, or 69%, not including revenue. This is a 175% drop from US $ 120 million to $ 416 million, and a $ 38 million, or 29% increase, global revenue.

Linn The net loss of $ 199.6 million in the first quarter of 2020 was significantly higher than the $ 29.6 million.

During the call, Malati, the chief financial officer, said:

According to the company, the overall margin, which includes price reductions and emissions, is expected to increase. By 2020 Q1 is 67% and 59.2%. The adjusted margin was 67.8% compared to 60% last year. The company also In the first quarter of 2020, Ibtida lost $ 36 million compared to $ 11.3 million.

Among the business talks cited by Tladok was 3.2 million visits in the first quarter, a 50 percent increase over the previous year, as well as an ever-increasing care-management sector.

According to the company, Livongo, a long-term care-management platform, has gained $ 18.5 billion by 2020, increasing its membership by 66% over the previous year and adding 62,000 new members.

Looking ahead

The company plans to increase its total revenue for the second quarter of 2021 to $ 495 million to $ 505 million. It also wants to increase its total visit from 3.2 million to 3.4 million.

The company is looking to increase its numbers throughout the year 2021. It is raising its total revenue from $ 1,970 million to $ 2,020 million. Next year, the company is looking to grow its business and launch new products.

As we have already mentioned, we expect additional costs during the year as we invest in the growth of the business, especially the launch of new products and the expansion of new markets, the integration of Livongo and our integrated information. Forum In 2021, the total number of visits is expected to be between 12.5 and 13.5 million, representing 18% to 27% of the previous year.

Looking back

Linn In 2020, Taddock had a very strong year in the telecom industry due to the demand for telex during the COVID-19 epidemic. Linn He also announced the launch of a major acquisition in 2020.

Intuch Health received $ 600 million, which was It was announced in January Linn In 2020 and officially closed in the summer, merging with Livongo, an information-driven disease management platform for $ 18.5 billion It was announced during the summer And Closed at the end of October 2020.