MedAvail Reports First Quarter 2021 Financial Results
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MedAvail Holdings, Inc (MDVL) Misses Q1 EPS by 1c, Revenues Beat; Offers FY21 Revenues Mid-Point Guidance Below Consensus
May 12, 2021 4:28 PM EDTMedAvail Holdings, Inc (NASDAQ: MDVL) reported Q1 EPS of ($0.29), $0.01 worse than the analyst estimate of ($0.28). Revenue for the quarter came in at $4 million versus the consensus estimate of $3.72 million.
First Quarter 2021 Financial and Operational Highlights
All comparisons, unless otherwise noted, are to the three months ended March 31, 2020.
Total net revenue was $4.0 million, an increase of 185%Total net revenue by segmentRetail Pharmacy Services revenue increased 164% to $3.4 millionPharmacy Technology revenue increased 430% to $0.6 million1 MedCenter deployment compared to 5 total MedCenter deploymentsNet Loss was $9.5 million compared to a net loss of $5.7... More