Omada Health beats on revenue in first earnings report since IPO

Omada Health reported quarterly results for the first time since its IPO in June. Here's how the company did based on average analysts' estimates compiled by LSEG: Loss: Loss per share of 24 cents. Loss per share of 24 cents. Revenue: $61 million vs. $55.2 million expected The virtual care company's revenue increased 49% in its second quarter from $41.21 million a year earlier. The company reported a net loss of $5.31 million, or a 24-cent loss per share, compared to a net loss of $10.69 million, or $1.40 loss per share, during the same period last year. "We believe our Q2 performance reflects Omada's ability to capture tailwinds in cardiometabolic care, to effectively commercialize our GLP-1 Care Track, and to leverage advances in artificial intelligence for the benefit of our members," Omada CEO Sean Duffy said in a release.