Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. LifeMD, Inc.
  6. News
  7. Summary
    LFMD   US53216B1044


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

LifeMD : Financing significantly bolsters liquidity position to support continued investment in growth of telehealth business (Form 8-K)

06/03/2021 | 07:33am EDT

Financing significantly bolsters liquidity position to support continued investment in growth of telehealth business

NEW YORK, June 3, 2021 - LifeMD, Inc. ('the Company') (NASDAQ: LFMD), a leading direct-to-patient telehealth company, announced today that it has successfully closed a $15 million debt financing with B. Riley Principal Investments.

- Additional liquidity significantly strengthens balance sheet and supports the company's aggressive growth plan through 2022
- Transaction represents the completion of LifeMD's first debt financing

'We are very pleased to have completed this debt transaction with B. Riley Principal Investments. We believe this transaction is a strong validation of LifeMD's telehealth platform and our continued investment in growth,' noted Marc Benathen, CFO of LifeMD. 'As we noted previously, our management team has remained very focused on bolstering our balance sheet to support our aggressive growth strategy and pathway to profitability while doing so with the best interests of our shareholders in mind. By completing this debt financing, LifeMD not only enhances the cash on the balance sheet but forms a key partnership with a tremendous institution with strong capital markets capabilities and deep relationships in the space.'

'B Riley's Principal Investment team uses the firm's proprietary capital to make direct investments in companies with proven platform technologies with significant near-term growth potential,' noted Bryant Riley, Chairman and CEO of B. Riley. 'We believe that LifeMD fits this profile and we are committed to leveraging the full power of our banking platform and network to support the growth of LifeMD.'

For more detailed information related to the terms of the debt financing please see LifeMD's Current Report on Form 8-K filed with the Securities and Exchange Commission on June 3, 2021.

About LifeMD

LifeMD, Inc. is a rapidly growing direct-to-patient, telehealth company, offering cash-pay virtual medical care across all 50 states. LifeMD's telemedicine platform enables virtual access to affordable and convenient medical treatment from licensed providers and, when appropriate, prescription medications and over-the-counter products delivered directly to the patient's home. To learn more, visit www.LifeMD.com.

Cautionary Note Regarding Forward Looking Statements

This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things our plans, strategies and prospects-both business and financial. While we believe that our plans, intentions, and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions, or expectations. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as 'believe,' 'expect,' 'anticipate,' 'should,' 'planned,' 'will,' 'may,' 'intend,' 'estimated,' and 'potential,' among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. All forward-looking statements attributable to LifeMD, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.

Company Contact

LifeMD, Inc.

Marc Benathen, CFO

Email Contact

Investor Relations Contact

Ashley Robinson

LifeSci Advisors, LLC



LifeMD Inc. published this content on 03 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 June 2021 11:32:06 UTC.

ę Publicnow 2021
All news about LIFEMD, INC.
10/04LIFEMD : Announces Launch of Public Offering of Common Stock (Form 8-K)
10/04LIFEMD, INC. : Entry into a Material Definitive Agreement, Material Modification to Rights..
10/04LIFEMD : Announces Closing of Public Offering 1,400,000 Shares of 8.875% Series A Cumulati..
10/04LifeMD Announces Closing of Public Offering 1,400,000 Shares of 8.875% Series A Cumulat..
10/04LifeMD Announces Closing of Public Offering of Common Stock and Exercise of the Underwr..
10/04LIFEMD : Announces Closing of Public Offering of Common Stock and Exercise of the Underwri..
09/30LIFEMD : Announces Pricing of Public Offering 1,400,000 Shares of 8.875% Series A Cumulati..
09/29Health Care Stocks Easing Slightly From Intra-Day Highs Near Close
09/29Health Care Stocks Recovering From Tuesday Selloff
More news
Analyst Recommendations on LIFEMD, INC.
More recommendations
Financials (USD)
Sales 2021 95,8 M - -
Net income 2021 -60,4 M - -
Net Debt 2021 - - -
P/E ratio 2021 -2,41x
Yield 2021 -
Capitalization 158 M 158 M -
Capi. / Sales 2021 1,65x
Capi. / Sales 2022 1,09x
Nbr of Employees 56
Free-Float 66,8%
Duration : Period :
LifeMD, Inc. Technical Analysis Chart | LFMD | US53216B1044 | MarketScreener
Technical analysis trends LIFEMD, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 2
Last Close Price 5,18 $
Average target price 23,00 $
Spread / Average Target 344%
EPS Revisions
Managers and Directors
Justin Schreiber Chairman & Chief Executive Officer
Alexander Mironov President
Marc Benathen Chief Financial Officer
Joseph V. DiTrolio Independent Director & Chief Medical Officer-US
Stefan Galluppi Director & Chief Technology Officer
Sector and Competitors
1st jan.Capi. (M$)
LIFEMD, INC.-20.67%158
AMAZON.COM, INC.1.32%1 726 466
JD.COM, INC.-7.37%126 377
ETSY, INC.24.27%27 985
WAYFAIR INC.6.18%24 912
ALLEGRO.EU SA-40.15%13 215