earnings
The New York-based company posted a net loss of $1 billion, or $5.87 per share, causing its stock price to fall around 15%.
The telemedicine giant reported a net loss of $81.9 million in the first quarter of the year and a 20% increase in EBITDA year-over-year.
The chronic care management company reported a 47% decrease in revenue in Q4 2023 compared to 2022 and a $7.3 million loss in year-over-year revenue.
The company reported third-quarter revenue of $4.8 billion, comparable to its first and second-quarter revenue of $4.7 billion and $4.8 billion, respectively.
The company reported a 19% increase in revenue in the second quarter of this year compared to the prior year, driven by an 82% increase in B2B revenue.
The New York-based company reported a 10% increase in revenue, boosted by an 18% gain from BetterHelp to $292.4 million.
Video game-based therapeutic company Akili and baby tech company Owlet also post first quarter results.
The company saw its stock price drop upon release of its first-quarter earnings.
The company also announced $44.13 million in revenue in Q3.