Weekly Soaring Stock To Watch: Livongo Health Inc (NASDAQ: LVGO)

On Friday NASDAQ: LVGO rose 3.60% to $59.93 when investors traded 300.23k shares as compared to the average daily volume of 2,938k. The stock could perfectly bring profitable margins on a weekly basis.

Livongo Health recently announced its financial report for the first quarter ended in March 2020.

Q1 2020 Financial Report

Total revenues for the Q1 surged 26.49% quarterly resulting in $18, 230,000. However, its cost of revenue grew by $7.172 million along with $10 million growth in operating expenses. Thus, its operating income got negative again at $6,867,000 – better than the previous Q4 2019.

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Net loss of $5,573,000 was in Q1 2020 as compared to fourth quarter ended results in December 2019, $6,354,000. The last year’s Q1 2019 net loss was almost double $14,960,000. Thanks to rising revenues.

Livongo Health Inc has a market cap of $5.862 billion. Meanwhile, its EPS was set at -1.93 in a 12-month condition. For the last year’s financial results, the company has not revealed any gross loss thus operating expenses are only causing net loss.

Asan Abdiev

CEO and Editor in Chief. Living in the era of dynamic tech change Asan decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring Finance) writing for technology and as well as finance has been one of the precious aspects of his life