Telehealth

LifeMD Up After Hiring AI-Focused CTO, Telehealth Competition Grows
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LifeMD Up After Hiring AI-Focused CTO, Telehealth Competition Grows

LifeMD shares rose 1.3% to $4.69 Tuesday after naming Umesh Sripad, a former PetMeds and IKEA USA executive, as CTO. The company reported Q1 revenue of $50.2 million, 365,004 active subscribers, and an adjusted EBITDA loss of $4.5 million. LifeMD granted Sripad 150,000 restricted stock units as part of his hiring package. Selling and marketing expenses climbed 34% to $29.9 million in the quarter.
June 2, 2026

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