LifeMD slumps after firm cuts 2025 revenue forecast

LifeMD

06/08/2025 13:36

** Shares of LifeMD LFMD.O plunge 29.4% to $8.36 premarket

** The provider of virtual primary care late on Tuesday cut its 2025 revenue forecast to $250 mln to $255 mln, compared with its previous view of $268 mln to $275 mln

** Also cut full-year Telehealth revenue estimates to the range of $195 mln to $200 mln, compared to $208 mln to $213 mln previously

     ** Co's Q2 revenue rose 23% to $62.2 mln, but fell short of analysts' estimate of $66.3 mln - as per data compiled by LSEG

** Forecasted Q3 revenue in the range of $61 million to $63 million, compared to estimates of $64.6  mln

** Up to last close, stock more than doubled YTD

 (Reporting by Sneha S K)

 ((Sneha.SK@thomsonreuters.com;))