Here are five things to about telehealth company’s second quarter ended June 30:
1. Teladoc’s total revenue was up 112 percent at $94.6 million, which included $26.7 million from Best Doctors and $6.2 million from Advance Medical, two companies it acquired earlier this year.
2. Teladoc said its total visits from U.S. paid membership were up 41 percent year-over-year at 436,000.
3. The company posted a net loss of $25.1 million for the second quarter, compared to $15.4 million during the same period last year.
4. Teladoc recorded $745 million in goodwill, compared to $498 million in December 31, 2017. This was due to the acquisition of Advance Medical and is customary in M&A.
5. The company expects its full-year revenue to be in the range of $405 million to $410 million.
Editor’s Note: This article was updated Aug. 9, 2018. A previous version state the company wrote off $745 million in goodwill, however, Teladoc recorded $745 million in goodwill. Becker’s apologizes for this error.
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