GoodRx Holdings Inc (NASDAQ:GDRX) is plunging Tuesday after the company reported worse-than-expected fourth-quarter financial results and issued guidance below estimates.
GoodRx said revenue increased 39% year-over-year to $213.3 million, which came in below the $217.46 million estimate. The company reported quarterly earnings of 9 cents per share, which came in below the estimate of 10 cents per share.
GoodRX also announced a $250 million share repurchase program.
"We see significant opportunities to build on our 2021 growth and success to deliver a very strong 2022, reaching more consumers and providers and bringing more value to each stage of the healthcare journey," GoodRX said.
The company expects first-quarter revenue of about $200 million versus the $227.92 million estimate.
Analyst Assessment:
GDRX Price Action: GoodRX has traded as high as $48.05 over a 52-week period. It's making new lows Tuesday.
The stock was down 40.8% at $16.21 at time of publication.
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