Teladoc recorded 6.6 billion USD Goodwill Impairment Charge

Teladoc Health (NYSE: TDOC) announced its 2022 Q1 financial results on April 27, 2022. According to the announcement, total revenue was 565 million USD, up 25% (YoY, 3 months). Meanwhile, Teladoc recorded an operating loss of 6.7 billion USD and a net loss of 6.7 billion USD. These losses were primarily driven by non-cash goodwill impairment charge of 6.6 billion USD. On the other hand, Adjusted EBITDA recorded 54 million USD. It was down 4% year-over-year.

Looking at the revenue details, access fee revenue was up 29% and visit fee revenue was up 12%. Access fee revenue seem to be subscription-based revenues, and it accounts for 87% of Teladoc’s total revenue. Strong growth in the access fee revenue may continuously stabilize Teladoc’s financial condition. Currently, Teladoc Health has a very stable financial condition with a current ratio of 394% and a shareholders’ equity ratio of 82%. Thus, the stock price of Teladoc Health may recover as the market stabilizes.

As for the number of users, it is steadily increasing. For example, U.S. Paid Membership was up 5%, U.S. Visit Free Only Access was up 14%, and Unique Chronic Care Members was up 12%. 

Accordingly, Watanabe & Brothers’ Investment will continue the investment in Teladoc Health. 

Teladoc Health, Inc. (NYSE: TDOC) Stock Chart

Important Notice 

  1. Watanabe & Brothers’ Investment is holding shares of Teladoc Health.
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