Teladoc posted $89.6 million in revenue in its first quarter ended March 31, which is up 109 percent from the same period in 2017, according to first quarter 2018 fiscal year earnings results posted May 1.
Here are five things to know.
1. Teladoc reported 553,730 visits from paid U.S. members, a 44 percent increase from one year prior.
2. The company's paid U.S. memberships also increased 41 percent to 20.8 million.
3. Teladoc reported a $62.8 million gross profit, which was 70 percent of its total revenue.
4. However, it noted a net loss of $23.9 million, compared to $15.7 million in the same period in 2017.
5. Net loss per basic and diluted share was $0.39 for first quarter 2018, compared to a net loss per share of $0.30 one year prior.
Teladoc expects revenue in the range of $86 million to $87 million for its second quarter, and it expects a net loss per share, based on 62.6 million weighted average outstanding shares, to be between $0.35 and $0.37.
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