The Omada Health logo is displayed connected a smartphone screen.
Sopa Images | Lightrocket | Getty Images
Omada Health reported quarterly results for the archetypal clip since its IPO successful June.
Here's however the institution did based connected mean analysts' estimates compiled by LSEG:
- Loss: Loss per stock of 24 cents.
- Revenue: $61 cardinal vs. $55.2 cardinal expected
The virtual attraction company's gross accrued 49% successful its 2nd 4th from $41.21 cardinal a twelvemonth earlier. The institution reported a nett nonaccomplishment of $5.31 million, oregon a 24-cent nonaccomplishment per share, compared to a nett nonaccomplishment of $10.69 million, oregon $1.40 nonaccomplishment per share, during the aforesaid play past year.
"We judge our Q2 show reflects Omada's quality to seizure tailwinds successful cardiometabolic care, to efficaciously commercialize our GLP-1 Care Track, and to leverage advances successful artificial intelligence for the payment of our members," Omada CEO Sean Duffy said successful a release.
For its afloat year, Omada expects to study gross between $235 cardinal to $241 million, portion analysts were expecting $222 million. The institution said it expects to study an adjusted EBITDA nonaccomplishment of $9 cardinal to $5 cardinal for the afloat year, portion analysts polled by FactSet expected a wider nonaccomplishment of $20.2 million.
Omada, founded successful 2012, offers virtual attraction programs to enactment patients with chronic conditions similar prediabetes, diabetes and hypertension. The institution describes its attack arsenic a "between-visit attraction model" that is complementary to the broader health-care ecosystem.
The banal opened astatine $23 successful its debut connected the Nasdaq successful June. At marketplace adjacent connected Thursday, shares closed astatine $19.46.
Omada said it finished its 2nd 4th with 752,000 full members, up 52% twelvemonth implicit year.
The institution volition sermon the results during its quarterly telephone with investors astatine 4:30 p.m. ET.
WATCH: Omada Health CEO Sean Duffy connected IPO debut: Today is the close infinitesimal for us
English (US) ·