SOC Telemed Reports Third Quarter 2020 Results

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Go back to SOC Telemed Reports Third Quarter 2020 Results

Telemed, Inc. (TLMD) Reports Q3 Revenues of $15.1M; Offers FY20 Revenue Guidance of $57.3M

November 16, 2020 4:35 PM EST

Telemed, Inc. (NASDAQ: TLMD) reported Q3 EPS of $. Revenue for the quarter came in at $15.1 million, versus $17.1 million reported last year.

Third Quarter HighlightsFinancial performance for the three months ended September 30, 2020 compared to the three months ended September 30, 2019.

Bookings of $2.6 million compared to $1.7 million, a 54% increase primarily driven by the increased interest in telemedicine and overall momentum in the business.Revenue was $15.1 million compared to $17.1 million, an 11% decrease due to lower utilization resulting from a decrease in hospital visits due to the COVID-19 pandemic.GAAP gross profit... More