LifeMD(US:LFMD) Globenewswireยท2025-03-10 21:30Core Insights - LifeMD, Inc. reported strong financial results for Q4 and the full year 2024, achieving record quarterly revenue and adjusted EBITDA, with significant growth in its telehealth services [2][3][5]. Financial Performance - Consolidated revenues increased by 43% year-over-year to $64.3 million, with telehealth revenue up 60% [5][6]. - Adjusted EBITDA rose by 78% to $9.0 million, while telehealth adjusted EBITDA surged by 396% to $5.9 million [5][6]. - The company exited 2024 with over $35 million in cash and positive full-year net cash flow [5][6]. Subscriber Growth - Telehealth active subscribers increased by 27% to approximately 275,000 at the end of Q4 2024 [6][8]. - WorkSimpli active subscribers grew by 3% to approximately 164,000 [6][8]. Future Guidance - For 2025, LifeMD expects consolidated revenue in the range of $265 million to $275 million and consolidated adjusted EBITDA of $30 million to $32 million [3][5][11]. Management Commentary - The CEO highlighted the growth of the weight management program and the upcoming Medicare launch as significant growth drivers [3][5]. - The company is focused on building a high-quality virtual care platform that is transparent, affordable, and accessible [3][5].