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Livongo Health, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2020 10-Q, filed Aug 10, 2020. Its latest SEC filing is a 15-12B from Nov 9, 2020.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Provides connected devices, health supplies, personalized coaching and digital tools for people with chronic conditions, with employers, health plans and government entities as clients.

How Did They Make Money?

Clients, including employers, health plans and government entities, pay mainly monthly subscriptions for access to the integrated devices, supplies, platform and coaching, often priced by enrolled member; some agreements also include an upfront device fee.

revenue

Who Were Their Customers?

Employers, health plans, government entities and labor unions are clients. Livongo sells directly through its sales force and also through channel partners, pharmacy benefit managers and resellers.

Did Revenues Turn Into Profits?

No. It lost $55.3M in .

Operating income,
−35% of revenue
▲ +73% (Loss) vs (−$35M, −51%)
Net income,
−32% of revenue
▲ +66% (Loss) vs (−$33.4M, −49%)

How Were They Changing?

Since the FY2019 annual report
Latest quarter: Q2 FY2020, the three months to Jun 30, 2020
Revenue
▲ +125%
vs $40.9M in Q2 FY2019
Net income
▼ −88% (Loss)
vs −$13M in Q2 FY2019
  • Oct 30, 2020 Teladoc completed its acquisition of Livongo Livongo became a wholly owned Teladoc subsidiary in the merger.

Grew. Revenue grew 5.5x in 2 years, from $30.9M in to $170.2M in , about 135% a year.

Who Did They Compete With?

Competes with Virta Health, Omada Health, Glooko, Hello Heart, Lyra Health, Onduo, and Ginger.io

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