Telados’ investor relations has been struggling to survive the crisis that has plagued its company for several years.
But it appears the company is finally on the verge of becoming a profitable one, with analysts estimating that it has a $300 million cash cushion.
Teladochos’ stock is currently trading at around a one-third discount to the company’s value.
But analysts aren’t sure if this cash cushion is enough to keep Teladochecs business afloat for the long haul.
Telaadocs business was once the envy of Silicon Valley and the world.
But the company has had a tumultuous past and its management has been plagued by accusations of corruption.
Thats led to the resignation of CEO David LeBlanc, who was fired after he was accused of sexual misconduct.
LeBlac was charged with a variety of crimes, including sexual assault and bribery, in the scandal, which rocked the company.
In recent months, TelaADocs stock has dropped more than 25% while the companys shares have soared, hitting an all-time high.
But its prospects for success are far from guaranteed, according to analysts.
“Telaadochess business is still very uncertain, but the situation could change,” said analysts at KPMG.
“If TelaAdocs investors and investors’ confidence grows and it acquires a significant portion of its current market value, it might be able to become profitable.”
TelaADOCs stock could also become profitable in the short term if the company makes major strides in its business.
“The company needs to be profitable to have any chance to go public,” said analyst at BNY Mellon.
“There are many opportunities to acquire Tela Adocs.
It can acquire Teladopeys’ technology, but thats going to be a much more complicated and costly operation.
Teladoc has been suffering from a series of scandals, including allegations that it laundered money from an employee’s personal account, which led to its sale to a Canadian firm in 2015.
A Teladogas investor lawsuit alleged that Tela ADOCs management engaged in “the most unethical business practices” in its history, and that it had misappropriated company funds to pay off employees and buy stock in the company it had acquired.
At least one other tech company, Palantir Technologies, has also been accused of misappropriating funds and hiring former employees to conduct political activities.