co-CEO Doug Hirsch expressed confidence Friday in the company's outlook, telling CNBC recent acquisitions help expand its business offerings as it approaches a post-pandemic health-care landscape.
A day earlier, GoodRx reported a 20% increase in first-quarter revenue, rising to $160.4 million from $133.4 million a year earlier. Net income came in at $1.7 million, down sharply from $27.3 million in net income in Q1 2020. However, the company — which offers prescription drug coupons to customers — said the most-recent figure was impacted by $46.5 million in stock-based compensation expenses.
The other acquisition was HealthiNation, which makes informational videos on health topics. The content is created by doctors and health-care professionals, Hirsch said. While GoodRx has had educational content for years, Hirsch said it primarily focused on the written word. "A lot of consumers like to watch video," he said, adding that it also allows GoodRx to sell advertising to manufacturers to bring in revenue. "It's a win-win for everybody."in 2019. The company rebranded it to GoodRx Care in March.
Despite its positive move Friday, GoodRx's stock has struggled to gain traction since the company went public in September. Its IPO priced at $33 per share and