Teladoc sees $17.1M revenue hit prior to IPO

Teladoc sees $17.1M revenue hit prior to IPO

After its initial IPO, telehealth company Teladoc saw its revenue grow in the second quarter of 2015, but also reported a loss of about $17.1 million before it went public.

Revenue for the company saw growth of 78 percent during Q2, to $18.3 million, but the $17.1 million loss is still a big hit, especially compared to the $3.2 million it lost in the second quarter of 2014, according to MedCity News.

However, CEO Jason Gorevic seems buoyed by the strong performance Teladoc had during its first quarter as a public company.

“Our revenue was up substantially and we experienced significant growth in both our membership base and in our number of visits,” he said. Article