LifeMD rises on upbeat 2025 revenue forecast

Shares of telehealth co LifeMD LFMD.O rise 20.8% to $5.16 premarket

Co forecast late on Monday 2025 total revenue to be in the range of $265 mln to $275 mln, above analysts' estimates of $257.23 mln, according to data compiled by LSEG

Expects Q1 2025 revenue in the range of $61 mln to $63 mln, above estimates of $59.45 mln

Co says its Medicare launch is slated for April 1 and could be a significant growth driver for its weight management program

Co expects Medicare, the government-backed program for adults aged 65 and older and those with disabilities, ultimately will cover GLP-1 medications for eligible beneficiaries

Brokerage Lake Street Capital Markets sees "LifeMD's current success as the tip of the iceberg in terms of the company's potential"

Up to last close, LFMD had fallen 46.6% in the past 12 months