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TLMD - Soc Telemed Inc News Story

$0.66 0.0  0.9%

Last Trade - 5:45pm

Sector
Healthcare
Size
Micro Cap
Market Cap £48.9m
Enterprise Value £75.8m
Revenue £92.2m
Position in Universe 5805th / 7415

BUZZ-Soc Telemed set for best day on upbeat annual revenue forecast

Fri 12th November, 2021 6:01pm
** Telemedicine technology provider's  TLMD.O  shares jump
~30% to $2.78, set for their best day since debut in January
2020
    ** Stock among top performers across exchanges
    ** TLMD raises outlook for FY21 revenue to $91.5 mln-$93.5
mln from $90 mln-$92 mln forecast earlier due to improved
consultation volume and new implementations  urn:newsml:reuters.com:*:nPnbPBfmSa
    ** Co posts Q3 net loss of 11 cents​​/shr on revenue of
$26.7 mln vs loss expectations of 18 cents on revenue of $25.3
mln
    ** More than 2 mln TLMD shares trade, 2.6 times their 50-day
moving avg
    ** Five out of six brokerages covering the stock rate it
'buy' or higher; median PT is $6 - Refinitiv data
    ** Stock has lost ~64.5% YTD

 (Reporting by Mrinalika Roy in Bengaluru)
 ((mrinalika.roy@thomsonreuters.com; within U.S. +1 646 223
8780, outside U.S. +91 806749 8325;))
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