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Faruqi & Faruqi Reminds LifeMD Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of October 27, 2025 - LFMD
Prnewswire· 2025-08-28 14:44
Core Viewpoint - The complaint against LifeMD alleges that the company and its executives violated federal securities laws by making misleading statements and failing to disclose critical information regarding their competitive position and customer acquisition costs [2]. Financial Performance - On August 5, 2025, LifeMD reported its Q2 2025 financial results, revising its revenue guidance to a range of $250 to $255 million, down from the previous guidance of $268 to $275 million [3]. - Following this announcement, LifeMD's stock experienced a significant decline of 44.8% on August 6, 2025 [3]. Legal Proceedings - The lead plaintiff in the class action lawsuit is the investor with the largest financial interest in the relief sought, who will oversee the litigation on behalf of the class [4]. - The law firm Faruqi & Faruqi encourages individuals with information regarding LifeMD's conduct to come forward, including whistleblowers and former employees [5].
LifeMD, Inc. (LFMD) Hit With Securities Class Action After Shares Crash 44% On Q2 2025 Earnings Surprise, Problems With Obesity Care and RexMD -- Hagens Berman
Prnewswire· 2025-08-28 12:04
Core Viewpoint - A securities fraud class action lawsuit has been filed against LifeMD, Inc. following disappointing Q2 2025 financial results and a reduced outlook, which was raised just three months prior [1][5]. Group 1: Lawsuit Details - The lawsuit seeks to represent investors who purchased LifeMD securities between May 7, 2025, and August 5, 2025 [1]. - The lead plaintiff deadline for the lawsuit is set for October 27, 2025 [3]. - The litigation focuses on LifeMD's statements made on May 6, 2025, when the company reported its Q1 2025 financial results and raised its full-year 2025 revenue and adjusted EBITDA guidance [3]. Group 2: Financial Performance and Guidance - LifeMD raised its guidance in May 2025, citing the creation of a competitive moat in virtual obesity care and strong performance from its RexMD brand [4]. - The company later reported Q2 2025 results that missed consensus estimates, reducing revenue guidance by approximately 6.7% to 7.3% and slashing adjusted EBITDA guidance by about 12% to 13% [5][6]. - The disappointing results were attributed to higher-than-anticipated refund rates and elevated customer acquisition costs in the competitive ED market [6]. Group 3: Investigation and Claims - Hagens Berman, a national shareholders rights firm, has opened an investigation into whether LifeMD violated securities laws [2][7]. - The investigation is focused on whether LifeMD recklessly guided on May 6, 2025, while facing challenges in its weight management and RexMD segments [7]. - The complaint alleges that LifeMD made false and misleading statements and failed to disclose crucial information while insiders sold significant amounts of their shares [4].
Earth Science Tech, Inc. Boosts Share Repurchase Program to $10 Million and Extends Authorization Through 2027
Globenewswire· 2025-08-20 12:45
Core Viewpoint - Earth Science Tech, Inc. has approved a significant enhancement and a two-year extension of its common stock repurchase program, increasing total authorization to $10 million, which will now run through December 31, 2027 [1][2][3] Repurchase Program Details - The company has already deployed over $1.8 million to repurchase 20,834,214 shares since the program's inception on January 29, 2024, reflecting a commitment to enhancing shareholder value [2][4][8] - The remaining authorization for the repurchase program is $8,169,104.50, with the new expiration date set for December 31, 2027 [8] Company Overview - Earth Science Tech, Inc. operates as a strategic holding company focused on acquiring and scaling high-potential businesses, with current operations in compounding pharmaceuticals, telemedicine, and real estate development through its subsidiaries [5][6] - The company's subsidiaries include RxCompoundStore.com, Peaks Curative, Avenvi, Mister Meds, and others, each specializing in different aspects of healthcare and real estate [5][7][9]
Earth Science Tech, Inc. Board of Directors Approves Reduction of Authorized Common Stock
Globenewswire· 2025-08-19 20:05
Core Points - Earth Science Tech, Inc. has announced a reduction in its authorized shares of common stock from 350 million to 300 million, reflecting the Board's confidence in the company's trajectory and commitment to long-term shareholder value [1][2][3] - The current outstanding share count is approximately 294.3 million, leading the Board to determine that the previous authorization level was unnecessary [3] Company Overview - Earth Science Tech, Inc. operates as a strategic holding company focused on acquiring and scaling high-potential businesses, with current operations in compounding pharmaceuticals, telemedicine, and real estate development through its subsidiaries [4] - The company's subsidiaries include RxCompoundStore.com, Peaks Curative, Avenvi, Mister Meds, and others, each specializing in different aspects of healthcare and real estate [4][6][10] - RxCompoundStore.com is a licensed compounding pharmacy operating in multiple states and is actively pursuing licensure in the remaining U.S. states [5] - Peaks Curative is a telemedicine platform that offers consultations for compounded medications and is expanding its services nationwide [7] - Avenvi is involved in real estate development and manages the company's ongoing $5 million share repurchase program [10]
MedWellAi, Inc Joins Trump Mobile In Engaging BrighterMD To Develop Ai-Inhanced Healthcare Telemedicine Platform, Focused On $24.46 Billion Corporate Wellness Market
Prnewswire· 2025-08-18 12:45
Core Viewpoint - MedWell Ai, Inc has announced a collaboration with BrighterMD to develop TeleMD.Ai, a telemedicine platform aimed at the corporate healthcare benefits market, set to launch in October 2025 [1][15]. Group 1: Platform Features - TeleMD.Ai will provide a comprehensive telehealth primary care service that is affordable and accessible, allowing clients to receive healthcare advice without travel or wait times [2]. - The platform will offer affordable monthly subscription plans for both retail and corporate clients, providing unlimited access to healthcare providers and certified telehealth therapists [3]. - TeleMD will feature 24/7 nationwide access via smart devices or desktops, with no co-pays or additional fees [3]. Group 2: Target Markets - TeleMD is focused on two market segments: Business-To-Consumer (B2C) and Business-To-Business (B2B) [4]. - B2C services will provide affordable pricing for individuals and families, allowing unlimited appointments from home or office [5]. - B2B services will offer discounted group pricing for companies, enabling employers to provide extensive telemedicine solutions to employees and their families [6]. Group 3: Key Components of the Platform - The platform will include primary care telemedicine with access to board-certified doctors for various medical conditions, including prescription services [8]. - Telehealth therapy consultations will be available for mental health issues, with licensed therapists accessible anywhere in the US [9]. - Additional services will include lifestyle and wellness management, behavioral health coverage, and discounted pharmacy benefits [10][11]. Group 4: Unique Selling Points - TeleMD will offer bilingual services, catering to diverse workforces by providing healthcare solutions in both English and Spanish [12]. - The platform will feature a LifeVitals app for accurate vital sign readings using a smartphone camera, enhancing user experience and health monitoring [13]. - TeleMD will also provide optional pet care solutions, including access to licensed veterinarians for various pet health needs [14]. Group 5: Company Overview - MedWell Ai, Inc operates through multiple subsidiaries, including MedWell USA for B2B distribution and MedWell Direct for telemedicine platform development [20][21]. - The company aims to reduce healthcare costs for employers while improving employee well-being through innovative telehealth solutions [19].
HIMS' Transformation Into A Precision Health Platform
Seeking Alpha· 2025-08-16 01:32
Group 1 - The core viewpoint is that Hims & Hers is transitioning from being perceived merely as a telemedicine company to a comprehensive, data-driven precision health platform with software-like economics and predictable recurring revenue [1] - The company is experiencing increasing operating leverage, which indicates a potential for higher profitability as it scales [1] - The narrative surrounding Hims & Hers is often misunderstood, with the market not fully pricing in its long-term potential and scalable business model [1] Group 2 - The investment approach emphasizes a fundamental, bottom-up strategy focusing on market psychology, business durability, and valuation discipline [1] - The company is particularly appealing due to its scalable models and durable competitive advantages, which are often overlooked by investors [1] - The investment philosophy highlights the nonlinear nature of investing success, shaped by cycles and constant recalibration [1]
Earth Science Tech, Inc. Reports 61% Asset Growth to $7.69 Million and $8.7 Million in First Quarter Revenue Following Foundational Quarter of Strategic Acquisitions
Globenewswire· 2025-08-08 20:50
Core Insights - Earth Science Tech, Inc. (ETST) reported significant financial and operational developments for the first fiscal quarter ending June 30, 2025, highlighting a strategic shift towards maximizing the value of its current divisions after a period of acquisitions [1][2]. Financial Highlights - Total assets increased by 61% to $7.69 million as of June 30, 2025, compared to $4.77 million in the prior-year period [5]. - Revenue generated was $8.7 million as of June 30, 2025, up from $8.5 million in the prior-year period [5]. - The company reduced total common shares outstanding by 4.78% to 294,297,607 as of June 30, 2025, down from 309,067,711 shares in the prior-year period [5]. - Cash and cash equivalents reported at $0.88 million, a decrease from $1.38 million in the prior-year period due to capital deployment for acquisitions [5]. Strategic and Operational Updates - ETST executed its growth strategy by acquiring 100% of Las Villas Health Care, Inc. and DOConsultation, LLC, enhancing its healthcare offerings [5]. - The company secured 80% ownership of Magnefuse, LLC, and Alicat, LLC, expanding its direct-to-consumer brand portfolio [5]. - A new customer service center was established in Doral, FL, to centralize support operations across all divisions [5]. - The company joined the OTCID Tier on the OTC Markets, improving disclosure and transparency for investors [5]. - Mister Meds, LLC is now fully operational and actively dispensing in Texas, while Avenvi, LLC has commenced its first residential development project [5].
American Well (AMWL) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2025-08-06 01:01
Core Insights - American Well Corporation (AMWL) reported revenue of $70.9 million for the quarter ended June 2025, reflecting a year-over-year increase of 12.9% and surpassing the Zacks Consensus Estimate by 11.42% [1] - The company's EPS was -$1.24, an improvement from -$3.36 in the same quarter last year, with a surprise of 32.61% compared to the consensus estimate of -$1.84 [1] Revenue Breakdown - Platform subscription revenue reached $40.46 million, exceeding the average estimate of $34.05 million by two analysts, marking a year-over-year increase of 47.1% [4] - Other revenue amounted to $7.69 million, surpassing the average estimate of $5.7 million, with a year-over-year change of 17.2% [4] - Revenue from visits was $22.75 million, slightly above the estimated $21.68 million, but represented a decline of 20.8% compared to the previous year [4] Stock Performance - Over the past month, shares of American Well have declined by 13.7%, contrasting with a 1% increase in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]
Dogecoin Cash, Inc. Announces PrestoDoctor's Expansion into Three New Markets
GlobeNewswire News Room· 2025-08-05 08:20
Company Overview - Dogecoin Cash, Inc. (OTCQB: DOGP) is a publicly traded company focused on telehealth services and blockchain-based innovation [1][7] - The company owns PrestoDoctor, a licensed telehealth provider specializing in medical cannabis consultations [7] Expansion and Market Reach - PrestoDoctor has expanded operations into Arizona, Massachusetts, and Virginia, increasing its service area to over 23 million individuals [1] - More than 1.2 million residents in these states have registered as medical marijuana patients since the inception of their programs [1] - PrestoDoctor now operates in 18 states, emphasizing compliance with medical cannabis laws and telemedicine standards [2] Telehealth Trends - Nationwide telehealth usage has surged by a factor of 38 since 2020, indicating a significant shift towards digital healthcare access [2] - The expansion aligns with broader healthcare trends, reflecting a commitment to responsible and secure patient access [2] Technology and Compliance - PrestoDoctor utilizes a proprietary telemedicine platform designed for secure video consultations and HIPAA compliance [3][4] - The platform includes features such as encrypted patient records and real-time physician scheduling, tailored specifically for medical cannabis telehealth [3] Leadership and Expertise - Kyle Powers, Co-Founder and CEO, has a background in software development for regulated industries and was recognized in Forbes 30 Under 30 – Healthcare list [5][6] - The leadership team focuses on leveraging technology to enhance service offerings and ensure compliance with evolving regulations [2][5] Product Offerings - Dogecoin Cash, Inc. holds the first patented cannabis strain, Ecuadorian Sativa aka "CTA", and a patented cannabis lozenge for hypertension treatment [7] - The company is actively exploring opportunities in digital assets and decentralized finance (DeFi) solutions [7]
LifeMD to Participate in the Canaccord Genuity 45th Annual Growth Conference
GlobeNewswire News Room· 2025-08-04 12:00
Core Insights - LifeMD, Inc. is participating in the Canaccord Genuity 45th Annual Growth Conference from August 12-14, 2025, in Boston [1] - Management will engage in a fireside chat on August 13 at 8:30 a.m. Eastern time and will conduct one-on-one meetings with investors on August 12-13 [1] Company Overview - LifeMD is a leading provider of virtual primary care services, offering telemedicine, laboratory and pharmacy access, and specialized treatment for over 200 conditions [3] - The company utilizes a vertically integrated digital care platform, a 50-state affiliated medical group, and a state-of-the-art pharmacy to enhance access to high-quality and affordable care [3]