LifeMD: Selling WorkSimpli Could Be A Catalyst
LFMDLifeMD(LFMD) Seeking Alpha·2024-09-11 03:44

Ljupco/iStock via Getty Images Investment Thesis LifeMD, Inc. (NASDAQ:LFMD) reported a mixed Q2 2024 earnings result and guidance. Management states that its non-core asset, WorkSimpli, had some mishaps in Q2, but these aspects are now behind themselves. And yet, this was the same narrative that they provided last quarter. Consequently, I now believe that WorkSimpli has no value. Or better put, I award it no value, as I do not believe management has any ability to monetize its WorkSimpli asset. If LifeMD to ...