SOC Telemed
soc financial outlook million to | SOC Telemed
Company
Deck Type
Deck date
January 2022
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22 of 27
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the very strong momentum in our business from our record setting continued in the first quarter of our top line growth continued to accelerate we scaled our platform at a record pace our financial and performance metrics improved even further and we generated a greater amount of free cash flow than last year our performance this quarter was a result of our consistent execution against our strategic objectives to extend our technology leadership through product innovation efficiently acquire new subscriptions and grow our brand globally our track record of demonstrates that leveraging our investments in product and technology development and in our marketing strategy has a meaningful positive impact on our overall business growth and financial performance during registered users and net premium subscriptions growth was the highest in our company history our collections growth accelerated to year over year and once again we delivered results well above the high end of our financial guidance our strong top line growth was driven primarily by record conversion of registered users to premium subscriptions and record collections per new annual subscriptions in addition to our outstanding financial performance we continued to accelerate growth in the us our market we also closed our acquisition of the world community of artists web designers and graphic artists looking ahead to the remainder of we continue to develop an even more robust portfolio of product and technology solutions for small businesses to operate and are very excited about the pipeline of innovation given our scale our highly scalable operating model our cost effective marketing strategy and our low capital expense needs we are in a strong position to continue growing our profitability and free cash flow first quarter financial highlights million million million million million | Wix
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