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Tag: TDOC stock price

  • Teladoc Health, Inc. (TDOC) stock surged in the Current Market; here is why?

    Teladoc Health, Inc. (TDOC) gained in the current market after announcing its partnership with Amazon Alexa. TDOC values at $77.05, gaining more than 9% compared to Friday’s closing price. The stock closed at $70.73 at the end of the last trading session. The stock volume traded in the last trading session was around 4.71 million shares. The current market cap of the company is around $12.17 billion.

    TDOC partners with Amazon Alexa

    Teladoc Health, Inc. (TDOC) announced in a press release today that they have entered into a joint venture with Amazon to launch Teladoc Health on Alexa. With this deal, Alexa users in the US will be able to connect with Teledoc care providers. The service will provide 24/7. This is a very new experience of the company with Amazon Alexa, due to which users will be able to reach virtual health care support via Teledoc on the supported Echo devices. These devices include Echo, Echo Dot, and Echo Show. In the first phase of the launch, they will provide audio support, and soon video support will also be launched.

    TDOC CPO Remarks

    Teladoc Health’s chief product officer Donna Boyer said the partnership with Amazon is another step toward lowering healthcare costs. We are giving a new and easy option for people to interact with a doctor by combining our virtual first care experience with Echo devices. We are reaching customers where they are to keep members happy.

    TDOC Recently Announced Fiscal 2021 Results

    Its revenue was around $2.3 billion in fiscal 2021, increasing more than 86%. The company is expanding its operation, which is why its profitability was negative. That is why the company reported a net loss of $428.8 million.

    For this reason, the corporation has published its financial projections in light of the pandemic uncertainty. Revenues of $565 million to $571 million are expected in the first quarter of 2022, according to TDOC. According to the company’s estimates, it will earn between $2.55 million and $2.65 billion in the next fiscal year. With a loss per share expected to range from $$0.60-$0.50 in Q1, they foresee a $$1.60-$1.40 loss per share for the whole fiscal year of 2022.

    Conclusion

    The current deal with Amazon Alexa will bring more customers to the company. It will also increase its brand positioning and get closer to its target audience.

  • Teladoc Health, Inc. (TDOC) stock declined in the after-hours; here is why?

    Teladoc Health, Inc. (TDOC) declined in the after-hours market after announcing its fourth quarter and fiscal 2021 results. TDOC values at $62.16, losing more than 4.8% compared to yesterday’s closing price. The stock closed at $65.30 at the end of the last trading session. The stock volume traded in the last trading session was around 4.21 million shares. The current market cap of the company is around $10.45 billion.

    TDOC: Key Financials

    • Teladoc Health, Inc. (TDOC) revenue in Q4 2021 was $554.2 million. It is a gain of more than 45% compared to the revenue of Q4 in 2020. The Q4 2020 revenue was $383.3 million.
    • Fiscal year revenue was $2.03 billion, and it is an increase of more than 86% compared to the revenue in fiscal 2020. The fiscal 2020 revenue was $1.09 billion.
    • The company’s net loss in Q4 2021 was around $11 million. The net loss was $394 million in Q4 2020.
    • TDOC net loss in fiscal 2021 was around $428.8 million, compared to the net loss of $485.1 million in fiscal 2020.
    • The Q4 2021 loss per share was $0.07.
    • For fiscal 2021, the loss per share was $2.73.

    TDOC CEO’s Remarks

    Teladoc Health CEO Jason Gorevic said that Teladoc Health made excellent progress in 2021 in providing complete whole-person care. We met our goals, earned our clients’ trust, and connected millions of people to exceptional treatment. We will always be the first choice for customers seeking healthcare.

    Teladoc Health’s extensive virtual care services link chronic, primary, acute, and specialist care patients. We saw substantial growth and penetration in various crucial areas of our firm using BetterHelp direct-to-consumer and MyStrength Complete B2B2C strategies for proper treatment at the perfect time.

    TDOC 2022 Outlook

    The company has provided its expected financial numbers in light of the uncertain situation of a pandemic. TDOC expects revenue between $565 million to $571 million in the first quarter of 2022. For fiscal 2022, the company expects revenue between $2.55 million to $2.65 billion. They expect a loss per share of $0.60 to $0.50 in Q1, and for fiscal 2022 it anticipates a loss per share of $$1.60 to $1.40.

    Conclusion

    The company’s revenue guidance shows a gain of around 25 to 30%. The company is focusing on increasing its market share and reaching more target audiences. That is why its revenue is increasing but is not profitable yet. They are focusing on the company’s growth, and profitability is the later part of such strategies.