anticipated revenue in Q3 — its first full quarter on the public market. Livongo established itself as a digital health pioneer, as it was among the first class of firms in the sector to Livongo's successful quarter was boosted by spikes in membership growth and revenue:
Livongo welcomed a pack of new clients in the quarter — which opened the floodgates for new members, too. It tacked on 51 clients since to total 771— marking a 121% year-over-year uptick in client growth. And with its new clients came a swarm of new members: Membership for its diabetes platform — its oldest and most popular offering — surpassed 207,000 enrollees, up 118% from the 95,000 it counted in Q3 2018.
And the firm raked in more revenue than projected — leading the company to raise full-year expectations. It brought in just under $47 million in revenue for the quarter, up 148% YoY from the $19 million it accrued in Q3 2018, and more than what it was expected to report, per Medtech Dive. The bump brought Livongo to raise its full-year revenue expectations just over 4% from $162 million to $169 million.
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Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »