MedAvail Reports Second Quarter 2021 Financial Results

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MedAvail Holdings, Inc (MDVL) Misses Q2 EPS by 2c

August 11, 2021 4:27 PM EDT

MedAvail Holdings, Inc (NASDAQ: MDVL) reported Q2 EPS of ($0.32), $0.02 worse than the analyst estimate of ($0.30). Revenue for the quarter came in at $5 million versus the consensus estimate of $4.8 million.

We are pleased with our second quarter results which reflect continued momentum, as our sales grew 118% on a sequential basis, said Ed Kilroy, Chief Executive Officer of MedAvail. We are looking forward to bringing our Retail Pharmacy Services to the Florida region in the second half of 2021, and we remain excited about the opportunity to continue adding value to our current partners, as evidenced... More