Initially held LVGO shares, that got acquired by TDOC. May be should have gotten out at that point, but that's hindsight.. TDOC is down quite a bit this year from all time high of ~300. I plan to hold it for couple years, but not sure if that's a good decision. Inputs? Not sure if average down is a good idea either.. looks like membership growth is not quite encouraging.
Last week saw the newest second-quarter earnings release from Teladoc Health, Inc. ( NYSE:TDOC ). The company posted revenues in line with expectations, at US$503m, while statutory losses ballooned to US$0.86 per share.
Teladoc is mitigating the expenses caused by the acquisition of Livongo Health, Inc. around a year ago. Net loss was US$(333.5)m for the first half of 2021 compared to US$(55.3)m for the first half of 2020. The second quarter and first half of 2021 include stock-based compensation expense of US$83m and US$169.3m, respectively, an increase of US$61m and US$129m, respectively, from the second quarter and first half of 2020, substantially reflecting higher expense associated with Livongo stock awards that continue to vest after the merger. It is clear that integrating a US$15.9b dollar project will have some medium term lasting implications and shareholders can only hope that this big move pays off down the line.
Submitted August 20, 2021 at 12:14AM by zeng434zung https://ift.tt/3j119ac
