Teladoc (TDOC) Reports Q4 Loss of $0.76, Slight Beat on Revenues; Offers FY18 EPS Outlook Below Consensus

Teladoc (NYSE: TDOC) reported Q4 EPS of ($0.76), versus ($0.51) reported last year. Revenue for the quarter came in at $77.1 million versus the consensus estimate of $76.16 million.

Business Outlook

First Quarter 2018 Guidance:

Revenue for the first quarter 2018 is expected to be in the range of $86 million to $88 million. EBITDA is expected to be in the range of a loss of $12.0 million to a loss of $13.0 million. Adjusted EBITDA is expected to be in the range of a loss of $2.5 million to a loss of $3.5 million. Total U.S. paid membership is expected to total approximately 19.5 million to 20.0 million and visit fee only access are expected to total between of 9.0 million to 9.25 million individuals at March 31, 2018. Total visits are projected to be between 575,000 and 625,000. First quarter net loss per share, based on 61.9 million weighted average shares outstanding, is expected to be between $(0.43) and $(0.45).

Full Year 2018 Guidance:

Revenue for 2018 is expected to be in the range of $350 million to $360 million. EBITDA is expected to be in the range of a loss of $27 million to $30 million. Adjusted EBITDA is expected to be positive in the range of $7 million to $10 million. Total U.S. paid membership is expected to be approximately 22 million to 24 million, plus visit fee only access should be available to approximately 19 million individuals. Total visits are projected to be between 1.9 million to 2.0 million visits. Net loss per share, based on 62.8 million weighted average shares outstanding, is expected to be between $(1.36) and $(1.41).

GUIDANCE:

Teladoc sees FY2018 EPS of ($1.41)-($1.36), versus the consensus of ($1.23). Teladoc sees FY2018 revenue of $350-360 million, versus the consensus of $355.95 million.

For earnings history and earnings-related data on Teladoc (TDOC) click here.

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