Here are five things to know.
1. Though its revenue was up in fiscal year 2017, Teladoc reported net losses increased by about 40 percent to $106.8 million, compared to $74.2 million in 2016.
2. In 2017, net loss per basic and diluted share was $1.93, compared to a net loss per share of $1.75 in 2016.
3. Revenue from Teladoc’s U.S. subscription access fees was $179.2 million, which includes $26.1 million from Best Doctors, a service Teladoc acquired in July.
4. The total U.S. paid membership was 23.3 million, up 33 percent, while total visits for the year were 1.463 million, an increase of 54 percent.
5. Revenue from visits was up 57 percent to $35.8 million.
For 2018, Teladoc expects revenues in the range of $350 million to $360 million and total U.S. paid membership between 22 million and 24 million.
“In addition to our strong results, we were pleased to see favorable developments coming out of Washington, with supportive language in the Bipartisan Budget Act that paves the way for virtual care to serve every segment of the healthcare market, including the Medicare population,” said Jason Gorevic, CEO , Teladoc.
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