NYSE$TDOC

Teladoc Health Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Teladoc Health's first quarter results were reported, showing revenue growth and increased total visits.

Teladoc Health reported a 41% year-over-year revenue increase to $180.8 million for Q1 2020. Total visits increased by 92% to 2.0 million. The company issued Q2 2020 guidance and updated full-year expectations.

  • Revenue grew 41% year-over-year to $180.8 million.
  • Total visits increased 92% year-over-year reaching 2.0 million.
  • Net loss was $(29.6) million compared to $(30.2) million in the first quarter 2019.
  • Adjusted EBITDA was $10.7 million compared to $1.2 million for the first quarter 2019.

Headline financials

Total Revenue

$181M

Previous: $129M+40.6%
EPS (adj)

-$0.40

Previous: -$0.43+7.0%
Total Visits

2.0M

Previous: 1.1M+92.4%
Capital Expenditures

-$962K

Previous: -$571K-68.5%
Free Cash Flow

-$30.6M

Previous: -$30.7M+0.5%
Net Income

-$29.6M

Previous: -$30.2M+1.8%
Operating Income

-$21M

Previous: -$22.9M+8.2%
Gross Profit

$108M

Previous: $83.9M+29.2%
Cash & Equivalents

$508M

Previous: $434M+17.1%
Total Assets

$1.6B

Previous: $1.55B+3.3%

Revenue & EPS history

Teladoc · Revenue · Quarterly

$181M

Q1 2020+40.6%vs Q1 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Teladoc · $181M total across 2 segments · Q1 2020

  • Integrated Care
    $137M+29.4%
  • BetterHelp
    $43.7M+93.4%

Forward guidance

Teladoc Health provides guidance based on current market conditions and expectations. For the second-quarter 2020, total revenue is expected to be in the range of $215 million to $225 million.

Tailwinds

  • Total revenue to be in the range of $215 million to $225 million.
  • EBITDA to be in the range of $(1) million to $3 million.
  • Adjusted EBITDA to be in the range of $20 million to $24 million.
  • Total U.S. paid membership to be approximately 49 million to 50 million members and visit-fee-only access to be available to approximately 21 to 22 million individuals, including the addition of 2 to 3 million members on a temporary basis.
  • Total visits to be between 2.3 million and 2.4 million.

Headwinds

  • Net loss per share, based on 74.6 million weighted average shares outstanding, to be between $(0.28) and $(0.23).
  • Total revenue to be in the range of $800 million to $825 million for full year 2020.
  • EBITDA loss to be in the range of $(14) million to $(4) million for full year 2020.
  • Total U.S. paid membership to be at least 50 million members and visit-fee-only access to be available to approximately 19 to 20 million individuals for full year 2020.
  • Net loss per share, based on 74.7 million weighted average shares outstanding, to be between $(1.27) and $(1.13) for full year 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-1.2%

Avg return

Earnings day

-2.1%

Avg return

5 days after

-1.6%

Avg return

30 days after

49%

21 / 43 earnings

Positive

+23.7%

Q2 2023

Best reaction

-42.0%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.8%+11.9%+27.9%
Q4 2025+15.5%+9.7%+10.5%
Q3 2025+6.2%-3.0%-7.8%
Q1 2025-2.8%-5.7%-3.8%
Q4 2024-13.6%-16.3%-26.4%
Q3 2024+0.9%-0.6%+34.3%
Q2 2024-11.7%-21.9%-26.3%
Q1 2024-5.2%-7.1%-16.4%
Q4 2023-25.6%-31.1%-27.3%
Q3 2023-3.3%-13.5%-5.3%
Q2 2023+23.7%+20.9%-6.1%
Q1 2023+3.4%+2.2%-14.4%
Q4 2022-3.9%-5.4%-12.2%
Q3 2022+6.4%+10.8%+3.2%
Q2 2022-11.4%-8.4%-20.1%
Q1 2022-42.0%-35.7%-38.1%
Q4 2021-5.4%+8.8%+6.8%
Q3 2021+5.6%+7.2%-22.4%
Q2 2021+1.4%-0.9%-5.5%
Q1 2021-10.1%-14.1%-20.7%
Q4 2020-14.2%-12.7%-30.9%
Q3 2020-2.3%-14.6%-11.9%
Q2 2020+11.5%+11.5%-1.9%
Q1 2020-9.1%-3.8%-3.9%
Q4 2019+14.1%+5.1%+38.6%
Q3 2019+7.1%+12.3%+17.1%
Q2 2019+1.9%-6.5%-17.5%
Q1 2019-2.0%+2.9%-1.8%
Q4 2018-4.5%-6.3%-17.5%
Q3 2018+4.6%-8.6%-9.9%
Q2 2018+9.0%+10.3%+29.6%
Q1 2018+5.7%-1.9%+18.4%
Q4 2017+4.0%+8.8%+4.5%
Q3 2017-3.0%-5.4%+8.0%
Q2 2017-7.1%-2.6%+5.5%
Q1 2017+23.3%+26.9%+46.3%
Q4 2016+6.8%-4.8%+13.4%
Q3 2016+6.2%+8.6%+19.4%
Q2 2016-16.1%-9.0%+2.9%
Q1 2016-1.5%
Q4 2015-7.3%
Q3 2015-10.6%
Q2 2015+3.6%
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014

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