San Francisco-based AI-enabled ambient automation platform Augmedix saw its stock price drop more than 40% after reporting it observed a slowdown in provider purchasing commitments and downgrading its 2024 full-year revenue outlook from $60 to $62 million to $52 to $55 million.
Still, the company beat estimates of its revenue growth, with a 40% increase in the first quarter, to $13.5 million,...
Syra Health, a healthcare technology company that provides tools to analyze population health, reported revenue of $1.7 million in the first quarter of 2024, compared to $1.2 million in the same period last year.
The company noted that its strong growth was due to its Population Health offering, which grew 212% year over year, and the growth of its Healthcare Workforce solutions, which grew 28%...
Telehealth and medical transportation company DocGo reported a data breach in an SEC filing on May 7. The company stated it identified a cybersecurity incident in which consumers' protected health information was accessed and acquired regarding the company's U.S. ambulance transportation business.
The company said it took steps to contain and respond to the incident, and no other business lines...
Teletherapy company Talkspace reported its first quarter financial results for the year, showing a 36% increase in revenue over the prior-year period, to $45.4 million, and a 30% increase in gross profit to $21.7 million.
Operating expenses were down 9% from the prior year to $23.4 million, while payor revenue increased 92% from the first quarter of 2023, and direct-to-enterprise revenue...
GE HealthCare announced essentially flat organic growth in the first quarter of this year compared to Q1 last year, and a 1% decrease in revenue year-over-year, from $4.7 billion in 2023 to $4.65 billion in 2024, causing its stock price to plummet 14.3%.
The company reported a net income of $374 million in the first quarter, compared with $372 million in the prior-year period, and adjusted...
Baby tech company Owlet reported a drop in revenue to $13.1 million in the second quarter of 2023, compared to $18.3 million for the same period last year. It also reached a milestone, garnering FDA clearance in June for BabySat, its medical pulse oximetry wire-free sock for infants.
The company reported a net loss of $8.5 million in Q2 2023, compared to $11.7 million in Q2 2022, and an...
Telehealth and medical transportation company DocGo reported its second-quarter financial results, showing total revenue of $125.5 million, up from $109.5 million in the same period last year.
Revenue from the company's mobile health services was $80.1 million in Q2 2023 compared to $87.3 million in Q2 2022, and it reported $45.4 million in revenue for its transportation services compared to $22...
Butterfly Network, maker of a handheld, smartphone-connected ultrasound system, reported a 3.8% drop in revenue in the second quarter of 2023 at $18.5 million compared to its Q2 revenue of $19.2 million in 2022.
Butterfly reported a net loss of $28.7 million for the period compared to a $35.8 million loss in Q2 2022. Adjusted earnings before interest, taxes, depreciation and amortization (...
GE HealthCare, which officially spun off early this year, announced it is raising its full-year guidance range amid increased demand and ease of supply chain woes.
The company reported $418 million in net income in the second quarter compared with $485 million in the prior-year period and revenue of $4.8 billion, a growth of 7% year-over-year and a 9% organic revenue growth.
The health tech...
23andMe's new COVID-19 resource. Consumer genomics company 23andMe has released a new interactive tool that allows users to see how various health factors could impact the risk of COVID-19 hospitalization. The COVID-19 Severity Calculator pulls data from the company's COVID-19 study, which included 10,000 participants diagnosed with the disease and 750 who were hospitalized.
23andMe warned that...
