4 ms·

> “ Our revenue has grown at a compound annual growth rate, or CAGR, of 57% since 2016, and reached $388 million in 2019, up from $250 million in 2018. Our net

> “ Our revenue has grown at a compound annual growth rate, or CAGR, of 57% since 2016, and reached $388 million in 2019, up from $250 million in 2018. Our net income was $66 million in 2019, up from $44 million in 2018, and our Adjusted EBITDA was $160 million in 2019, up from $128 million in 2018. Our revenue grew 48% in the first half of 2020 to $257 million, up from $173 million in the first half of 2019. Our net income was $55 million in the first half of 2020, up from $31 million in the first half of 2019, and our Adjusted EBITDA was $101 million in the first half of 2020, up from $75 million in the first half of 2019.” Wow, that’s some healthy margins. Profitable for the last few years with strong growth on both top line and bottom line.

marrone12 6y ago
And not just gross margins, actual ebitda profitability!
- tempsy 6y ago
  seems like it'd be sensitive to changes in healthcare policy as someone else mentioned eg step changes in drug pricing regulation that would make it less useful for someone to comparison shop drugs even with insurance. in a sense, they try to solve a huge problem with our healthcare system with duct tape when fundamental change needs to come from policymakers to create "real" change.
  - 1123581321 6y ago
    They are also dependent on large pharmaceutical chains to accept GoodRx. Walgreens and CVS make little money on those prescriptions, and may lose money, and on top of that need to do more POS data entry to accept the coupon, so they only accept GoodRx to make customers happy and get store foot traffic. That’s not to say the situation is unstable for GoodRx but it is a risk.
    - marrone12 6y ago
      It's not much more data entry than entering in an insurance card. But yes, they are dependent on being accepted by large chains. I believe GoodRX was not accepted at CVS for a long time
      - 1123581321 6y ago
        It is more entry per customer because GoodRx must be entered for each transaction (or at least the initiation of each new prescription.) One insurance card stays on a customer’s file for a year or more.
    - majormajor 6y ago
      Interesting. When I've checked GoodRX, Walgreens and CVS have had much worse GoodRx prices than grocery stores or Walmart. I can't see it driving foot traffic to them - it led me away from them!
      - aj7 6y ago
        Indeed. Have used GoodRx since inception, plus Canada-UK. Costco is best, especially when you get your MD to prescribe 365 pills. Then come the supermarkets. Rarely CVS or Walgreens. Going on 8 years, I realized insurancee pharma was a total scam. With United Healthcare, I paid less in cash than their OptumRX bullshit benefit. I keep a spreadsheet of drug quotes and purchases. Finally beware of Walmart. Every indication is that they have a team to game GoodRx. Satisfaction less than 50% of the time. I once contacted David Hirsch via LinkedIn and got an immediate reply.
        1123581321 6y ago
        Very interesting. Thank you. Do you happen to have data on asthma medicine (albuterol or steroids?)
koolba 6y ago
Those numbers are incredible. It’s amazing how much fat there is to skim in the pharmacy benefits scamola^Wbusiness.
- maest 6y ago
  What command is ola^ ?
  - arcticbull 6y ago
    "scamola" -- as in, scam. ^W implies closing the window and starting over.
    - kgermino 6y ago
      ^W (control W) is actually delete the last word in Unix systems.
      - arcticbull 6y ago
        oof, face-palm for me.
      - sbierwagen 6y ago
        And ^H is ASCII control character BACKSPACE. Back in the day, the ^H actually happened, accidentally. From jwz: >Most people who understand what ^H means must have some sense that it is somehow the same as "backspace", right? Well, what would happen is, someone is typing on a dumb terminal that wasn't configured right, and as they typed backspace, that character would go up to the server, not be interpreted as "delete the previous character", and would be dutifully echoed back to the tty. The tty would then itself interpret that as "delete the previous character on the screen." So the person typing thought the characters were gone, but oh no no. https://anon.to/?https://www.jwz.org/blog/2004/03/the-unfrozen-caveman-hacker-show/ https://anon.to/?https://www.jwz.org/blog/2004/03/the-unfroz...
    - jjnoakes 6y ago
      ^W is delete-word

marrone12 6y ago

And not just gross margins, actual ebitda profitability!

tempsy 6y ago
seems like it'd be sensitive to changes in healthcare policy as someone else mentioned eg step changes in drug pricing regulation that would make it less useful for someone to comparison shop drugs even with insurance. in a sense, they try to solve a huge problem with our healthcare system with duct tape when fundamental change needs to come from policymakers to create "real" change.
- 1123581321 6y ago
  They are also dependent on large pharmaceutical chains to accept GoodRx. Walgreens and CVS make little money on those prescriptions, and may lose money, and on top of that need to do more POS data entry to accept the coupon, so they only accept GoodRx to make customers happy and get store foot traffic. That’s not to say the situation is unstable for GoodRx but it is a risk.
  - marrone12 6y ago
    It's not much more data entry than entering in an insurance card. But yes, they are dependent on being accepted by large chains. I believe GoodRX was not accepted at CVS for a long time
    - 1123581321 6y ago
      It is more entry per customer because GoodRx must be entered for each transaction (or at least the initiation of each new prescription.) One insurance card stays on a customer’s file for a year or more.
  - majormajor 6y ago
    Interesting. When I've checked GoodRX, Walgreens and CVS have had much worse GoodRx prices than grocery stores or Walmart. I can't see it driving foot traffic to them - it led me away from them!
    - aj7 6y ago
      Indeed. Have used GoodRx since inception, plus Canada-UK. Costco is best, especially when you get your MD to prescribe 365 pills. Then come the supermarkets. Rarely CVS or Walgreens. Going on 8 years, I realized insurancee pharma was a total scam. With United Healthcare, I paid less in cash than their OptumRX bullshit benefit. I keep a spreadsheet of drug quotes and purchases. Finally beware of Walmart. Every indication is that they have a team to game GoodRx. Satisfaction less than 50% of the time. I once contacted David Hirsch via LinkedIn and got an immediate reply.
      - 1123581321 6y ago
        Very interesting. Thank you. Do you happen to have data on asthma medicine (albuterol or steroids?)

koolba 6y ago

Those numbers are incredible. It’s amazing how much fat there is to skim in the pharmacy benefits scamola^Wbusiness.

maest 6y ago
What command is ola^ ?
- arcticbull 6y ago
  "scamola" -- as in, scam. ^W implies closing the window and starting over.
  - kgermino 6y ago
    ^W (control W) is actually delete the last word in Unix systems.
    - arcticbull 6y ago
      oof, face-palm for me.
    - sbierwagen 6y ago
      And ^H is ASCII control character BACKSPACE. Back in the day, the ^H actually happened, accidentally. From jwz: >Most people who understand what ^H means must have some sense that it is somehow the same as "backspace", right? Well, what would happen is, someone is typing on a dumb terminal that wasn't configured right, and as they typed backspace, that character would go up to the server, not be interpreted as "delete the previous character", and would be dutifully echoed back to the tty. The tty would then itself interpret that as "delete the previous character on the screen." So the person typing thought the characters were gone, but oh no no. https://anon.to/?https://www.jwz.org/blog/2004/03/the-unfrozen-caveman-hacker-show/ https://anon.to/?https://www.jwz.org/blog/2004/03/the-unfroz...
  - jjnoakes 6y ago
    ^W is delete-word