LifeMD's December Telehealth Revenue Exceeds Q4 2019

Peak demand for LifeMD’s telemedicine services drove 2020 revenue 200% higher than in 2019, said CEO Justin Schreiber on a Q4 earnings call Monday. “December 2020 alone eclipsed the entire fourth quarter of 2019,” he said. “Despite the challenges and heartbreaks, perhaps one silver lining to the pandemic is how it catalyzed the rapid expansion and evolution of the telehealth industry.” LifeMD is on pace to finish Q1 with nearly 300% revenue growth compared with the 2020 quarter, said Schreiber. “We believe we've only begun to scratch the surface of what we see as a $600 billion and growing addressable market opportunity.” Shares closed 15.3% lower Tuesday at $15.98 from reports the stock was significantly overvalued.