Here are five things to know.
1. Teladoc reported 553,730 visits from paid U.S. members, a 44 percent increase from one year prior.
2. The company’s paid U.S. memberships also increased 41 percent to 20.8 million.
3. Teladoc reported a $62.8 million gross profit, which was 70 percent of its total revenue.
4. However, it noted a net loss of $23.9 million, compared to $15.7 million in the same period in 2017.
5. Net loss per basic and diluted share was $0.39 for first quarter 2018, compared to a net loss per share of $0.30 one year prior.
Teladoc expects revenue in the range of $86 million to $87 million for its second quarter, and it expects a net loss per share, based on 62.6 million weighted average outstanding shares, to be between $0.35 and $0.37.
More articles on telehealth:
Teladoc rolls out behavioral health navigation tool in US
How 4 hospitals, universities are teaching med students ‘website manner’
Study: Majority of telehealth visits in wake of Hurricanes Harvey, Irma weren’t disaster-related
