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Livongo (NASDAQ:LVGO) Reports Fourth Quarter and Full Year Financial Results

Date Published:
Author: CMLviz News



Q4 Results

Revenue: $50.4 million (up 137% year-over-year) vs analyst expectations of $48.9 million

Adj EPS: -$0.06 vs analyst expectations of -$0.05


Full Year 2019 in Review

Revenue: Total revenue for the year was $170.2 million, up 149% year-over-year, and exceeding guidance range of $168.5 million to $169.0 million.

Livongo for Diabetes Members: 222,700 Members as of December 31, 2019, up 96% year-over-year.

Livongo Clients: 804 Clients as of December 31, 2019, up 95% year-over-year.

Customers: 30% of Fortune 500 companies vs 20% last year

Estimated Value of Agreements (EVA)$76.7 million, up from $56.1 million in the fourth quarter of 2018. It consists of the estimated value of agreements signed in the quarter with new Clients or expansions entered into with existing Clients.


Q1 Guidance

Revenue: $60 million - $62 million vs analyst expectations of $57 million


Full Year 2020 Guidance

Revenue: $280 million-$290 million (revenue to grow between 65% and 71%) vs analyst expectations of $277.5 million


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