LifeMD
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. LifeMD's past years’ income statements indicate that its last revenue has increased compared to the previous period by 28% to $152,547,006. The net income raised on -$20,595,992 and profit margin reached -14%. Total operating expenses were $148,461,013.
Profit Margin
| 2014 | 714.15K | -460.48K | -64.48% |
|---|---|---|---|
| 2015 | 1.21M | -61.99K | -5.09% |
| 2016 | 5.23M | -1.10M | -21.14% |
| 2017 | 5.05M | -1.20M | -23.86% |
| 2018 | 8.32M | -1.24M | -14.91% |
| 2019 | 12.46M | -3.52M | -28.3% |
| 2020 | 37.29M | -60.52M | -162.29% |
| 2021 | 92.87M | -61.32M | -66.03% |
| 2022 | 119.03M | -45.02M | -37.82% |
| 2023 | 152.54M | -20.59M | -13.5% |
LFMD Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 152.54M | 119.03M | 92.87M | 37.29M | 12.46M | 8.32M | 5.05M | 5.23M | 1.21M | 714.15K |
Cost of revenue | 18.90M | 18.66M | 17.99M | 8.90M | 3.27M | 1.96M | 1.48M | 1.94M | 247.77K | 172.85K |
Gross profit | 133.64M | 100.36M | 74.88M | 28.38M | 9.19M | 6.35M | 3.57M | 3.29M | 971.09K | 541.30K |
Operating exp. | ||||||||||
Research and development | 6.06M | 2.97M | 778.77K | 446.74K | 222.87K | 120.54K | 0 | 0 | 23.92K | 0 |
Selling and marketing | 76.45M | 78.36M | 82.54M | 41.66M | 8.17M | 5.08M | 1.65M | 1.71M | 230.66K | 57.24K |
Total operating expenses | 148.46M | 140.05M | 129.18M | 86.20M | 12.08M | 8.41M | 4.63M | 4.46M | 1.23M | 1.07M |
Operating income | -14.48M | -39.68M | -54.30M | -57.81M | -2.88M | -2.05M | -1.06M | -1.17M | -262.21K | -530.87K |
Other income (expenses), net | -2.92M | -4.97M | -7.01M | -2.58M | -761.15K | 571.35K | -150.91K | -48.61K | 89.78K | 53.19K |
Income before tax | -17.41M | -44.66M | -61.31M | -60.40M | -3.65M | -1.48M | -1.21M | -1.22M | -172.43K | -477.68K |
Income tax expense | 428K | 360.7K | 7.7K | 122.5K | -122.5K | -124.7K | -12.48K | -115.74K | -13.2K | -17.2K |
Net income | -20.59M | -45.02M | -61.32M | -60.52M | -3.52M | -1.24M | -1.20M | -1.10M | -61.99K | -460.48K |
Earnings per share | ||||||||||
Basic EPS | -0.7 | -1.45 | -2.27 | -4.24 | -0.36 | -0.14 | -0.14 | -0.16 | -0.01 | -0.07 |
Diluted EPS | -0.7 | -1.45 | -2.27 | -4.24 | -0.36 | -0.14 | -0.14 | -0.16 | -0.00 | -0.07 |
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