Virta Health Appoints Laura Walmsley as Chief Commercial Officer
'Laura has a proven track record of delivering results and is a world class team builder and leader, with a thirst for growth in her professional DNA,' said Sami Inkinen, Virta co-founder and CEO. 'She joins Virta at a time of unprecedented momentum, and will be instrumental in accelerating our next chapter as we drive toward our mission of reversing diabetes and obesity in one billion people.'
That momentum includes record-breaking demand for Virta's Sustainable Weight Loss (SWL) solution—including its 'Responsible Prescribing' capabilities—and continued growth of its diabetes reversal offering. The company now works with over 550 organizations, covers more than 12 million U.S. lives, and is on track to enroll more new members in 2025 than its prior 10 years combined. In Q1 2025 alone, Virta's year-over-year revenue growth accelerated to over 80% on top of more than $100 million annualized revenue.
'I look forward to working closely with our Health Plans, Employers and other ecosystem partners to accelerate our progress towards reversing chronic diseases,' said Walmsley. 'The cost and complexity of GLP-1 use continues to rise, as do rates of weight-related chronic disease. Virta offers a proven and differentiated solution with a 10 year track record of outcomes, and I'm excited to be a part of Virta's incredible mission of saving lives at this critical time.'
Walmsley's leadership roles in sales, marketing, client success, and commercial growth include Preventure, Virgin Pulse, and most recently Personify Health. She's led companies through growth phases of over 420% in top line revenue and 1,100% in EBITDA growth.
Walmsley graduated from James Madison University and currently resides in New England with her family.
About Virta Health
Virta Health is a leader in diabetes reversal and sustainable weight loss. Through a combination of personalized nutrition, technology, and expert support, Virta empowers members to build longer, healthier lives—while reducing or eliminating the need for medications. Virta partners with the nation's largest employers, payers, and pharmacy benefit managers to improve the health of their members while reducing costs. Headquartered in Denver, Colorado, Virta's mission is to reverse diabetes and obesity in one billion people. For more information, visit www.virtahealth.com.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
22 minutes ago
- Business Wire
Central Garden & Pet to Announce Q3 Fiscal 2025 Financial Results
WALNUT CREEK, Calif.--(BUSINESS WIRE)--Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) ('Central'), a market leader in the pet and garden industries, will release its fiscal 2025 third quarter results for the period ending June 28, 2025, after market close on Wednesday, August 6, 2025. On the same day, Central will host a conference call at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time), led by CEO Niko Lahanas and CFO Brad Smith, to review these results and to provide a business update. A live webcast, replay and related materials will be available at To join by phone, please dial +1 (201) 689-8345 for both domestic and international participants. About Central Garden & Pet Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) understands home is central to life and has proudly nurtured happy and healthy homes for over 45 years. With fiscal 2024 net sales of $3.2 billion, Central is on a mission to lead the future of the pet and garden industries. The Company's innovative and trusted products are dedicated to helping lawns grow greener, gardens bloom bigger, pets live healthier, and communities grow stronger. Central is home to a leading portfolio of more than 65 high-quality brands including Amdro ®, Aqueon ®, Cadet ®, C&S ®, Farnam ®, Ferry-Morse ®, Four Paws ®, Kaytee ®, Nylabone ® and Pennington ®, strong manufacturing and distribution capabilities, and a passionate, entrepreneurial growth culture. Central is based in Walnut Creek, California, with over 6,000 employees primarily across North America. Visit to learn more.
Business Wire
22 minutes ago
- Business Wire
Xperi Inc. Announces Preliminary Second Quarter 2025 Results and Provides Outlook Update
SAN JOSE, Calif.--(BUSINESS WIRE)--Xperi Inc. (NYSE: XPER) (the 'Company' or 'Xperi'), an entertainment technology company that invents, develops, and delivers technologies that enable extraordinary experiences, today announced preliminary second quarter 2025 financial results for the period ended June 30, 2025. 'We made significant progress in the quarter toward our strategic growth initiatives. However, as the quarter progressed, the changing macroeconomic environment created increased uncertainty for our customers, ultimately impacting our financial results for the quarter. In light of this market backdrop, we are updating our full year financial outlook,' said Jon Kirchner, chief executive officer of Xperi. Mr. Kirchner continued, 'We remain focused on our growth initiatives and continue to demonstrate progress on our longer-term growth goals. Notably, we surpassed 3.7 million TiVo One Monthly Active Users, three million global IPTV subscriber households, and 12 million vehicles on the DTS AutoStage platform.' 1 The contribution from Perceive, which was divested on October 2, 2024, accounted for approximately $1.9 million of revenue in Q2 FY2024. 2 Attributable to the Company. 3 For further information on supplemental non-GAAP metrics included in this press release, refer to the 'Non-GAAP Financial Measures' description and 'GAAP to Non-GAAP Reconciliations' provided in the financial statement tables. Expand Financial Outlook The Company updates its outlook for fiscal year 2025 as follows: 1 See discussion of 'Non-GAAP Financial Measures' below. 2 With respect to Adjusted EBITDA Margin, the Company has determined that it is unable to provide a quantitative reconciliation of this forward-looking non-GAAP measure to the most directly comparable forward-looking GAAP measure with a reasonable degree of confidence in its accuracy without unreasonable effort, as items including restructuring and impacts from discrete tax adjustments and tax law changes are inherently uncertain and depend on various factors, many of which are beyond the Company's control. Expand Earnings Release The Company will release its complete financial and operating results after the market close on Wednesday August 6, 2025. Safe Harbor Statement This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding: expectations regarding our future results of operations and financial position, margin expansion and overall growth, including, without limitation, our 2025 financial outlook, profitability target and focus on positive operating cash flow, the deployment by third parties of their products that use our technology, objectives for future operations, and ongoing strategies and operating initiatives, including, without limitation, regarding subscriber and device targets including the number of TiVo One Monthly Active Users, monetization goals and expectations, expansion expectations, our media platform and licensing businesses growth, and other objectives. These forward-looking statements are based on information available to the Company as of the date hereof, as well as the Company's current expectations, assumptions, estimates and projections that involve risks and uncertainties. In some cases, you can identify forward-looking statements by the words 'expect,' 'anticipate,' 'intend,' 'plan,' 'believe,' 'could,' 'seek,' 'see,' 'will,' 'may,' 'would,' 'might,' 'potentially,' 'estimate,' 'continue,' 'target,' 'goal,' and similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements. These risks, uncertainties and other factors are described under the captions 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' in our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the Securities and Exchange Commission (the 'SEC'), as updated in our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025 filed with the SEC, and our other filings with the SEC from time to time. Any forward-looking statements speak only as of the date of this press release and are based on information available to the Company as of the date of this press release, and the Company does not assume any obligation to, and does not intend to, publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. Financial Disclosure Advisory All financial data in this press release is preliminary and represents the most current information available to the Company's management, as financial closing procedures for the quarter ended June 30, 2025 are not yet complete. These estimates are not a comprehensive statement of the Company's financial results for the quarter ended June 30, 2025 and actual results may differ from these estimates as a result of the completion of normal quarter-end accounting procedures and adjustments, as well as the preparation and review of the Company's financial statements for the quarter ended June 30, 2025 and the subsequent occurrence or identification of events prior to the formal issuance of our second quarter financial results. About Xperi Inc. Xperi invents, develops, and delivers technologies that enable extraordinary experiences. Xperi technologies, delivered via its brands (DTS ®, HD Radio™, TiVo ®) are integrated into consumer devices and media platforms worldwide, powering smart devices, connected cars and entertainment experiences, including IMAX ® Enhanced, a certification and licensing program operated by IMAX Corporation and DTS, Inc. Xperi has created a unified ecosystem that reaches highly engaged consumers, driving increased value for partners, customers and consumers. ©2025 Xperi Inc. All Rights Reserved. Xperi, TiVo, DTS, HD Radio and their respective logos are trademark(s) or registered trademark(s) of Xperi Inc. or its subsidiaries in the United States and other countries. IMAX is a registered trademark of IMAX Corporation. All other trademarks and content are the property of their respective owners. Definition for TiVo One Monthly Active User Xperi defines a 'TiVo One Monthly Active User' as a unique device that has connected to the TiVo video service, which includes the TiVo One advertising platform, at least once within the last 30 days. The TiVo One advertising platform integrates with the device's operating system on certain 'Powered by TiVo' devices, including smart TVs and video-over-broadband products. Non-GAAP Financial Measures In addition to disclosing financial results calculated in accordance with U.S. Generally Accepted Accounting Principles ('GAAP'), the Company's press release contains non-GAAP financial measures, including Non-GAAP Operating Income/(Loss), Non-GAAP Net Income/(Loss) attributable to the Company, Non-GAAP Net Income/(Loss) Per Share attributable to the Company, Non-GAAP Adjusted EBITDA, and Non-GAAP Adjusted EBITDA Margin. Non-GAAP Operating Income/(Loss) is defined as GAAP Operating Income/(Loss), less the impact of stock-based compensation; amortization of intangible assets; transaction, integration and restructuring costs; severance and retention costs; and other items not indicative of our ongoing operating performance. Non-GAAP Net Income/(Loss) attributable to the Company is defined as GAAP Net Income/(Loss) attributable to the Company excluding the impact of stock-based compensation; amortization of intangible assets; transaction, integration and restructuring costs; severance and retention costs; and other items not indicative of our ongoing operating performance; and related tax effects for each adjustment. Non-GAAP Net Income/(Loss) Per Share attributable to the Company is defined as Non-GAAP Income/(Loss) attributable to the Company divided by Non-GAAP weighted average shares outstanding - diluted. Non-GAAP Adjusted EBITDA is defined as GAAP Net Income/(Loss), less the impact of interest expense; provision for income taxes; stock-based compensation; depreciation expense; amortization of intangible assets; amortization of capitalized cloud computing costs; transaction, integration and restructuring costs; severance and retention costs; and other items not indicative of our ongoing operating performance. Non-GAAP Adjusted EBITDA Margin is defined as Non-GAAP Adjusted EBITDA divided by total revenue. Management believes that the non-GAAP measures used in this press release provide investors with important perspectives into the Company's ongoing business and financial performance and provide a better understanding of our core operating results reflecting our normal business operations. The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP. Our use of non-GAAP financial measures has certain limitations in that the non-GAAP financial measures we use may not be directly comparable to those reported by other companies. For example, the terms used in this press release, such as adjusted EBITDA, do not have a standardized meaning. Other companies may use the same or similarly named measures, but exclude different items, which may not provide investors with a comparable view of our performance in relation to other companies. We seek to compensate for the limitation of our non-GAAP presentation by providing a detailed reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures in the tables attached hereto. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures. All financial data is presented on a GAAP basis except where the Company indicates its presentation is on a non-GAAP basis. Set forth below are reconciliations of the Company's reported GAAP to non-GAAP financial measures. – Tables Follow – XPERI INC. GAAP TO NON-GAAP RECONCILIATIONS (in thousands, except per share amounts) (unaudited) Three Months Ended June 30, 2025 2024 Reconciliation of net income attributable to the Company: GAAP net loss attributable to the Company $ (14,781 ) $ (30,299 ) Adjustments to GAAP net loss attributable to the Company: Stock-based compensation (1) 10,327 15,303 Amortization of intangible assets 9,144 11,042 Transaction, integration and restructuring related costs: Transaction, integration and restructuring costs (2) 73 4,003 Severance and retention (3) 365 308 Income tax adjustment (4) (280 ) 5,281 Non-GAAP net income attributable to the Company $ 4,848 $ 5,638 (1) Stock-based compensation included in above line items: Cost of revenue, excluding depreciation and amortization of intangible assets $ 844 $ 858 Research and development $ 3,191 $ 5,831 Selling, general and administrative $ 6,292 $ 8,614 (2) Transaction, integration and restructuring costs included in above line items: Selling, general and administrative $ 73 $ 3,588 Interest and other income, net $ — $ 415 (3) Severance and retention included in above line items: Cost of revenue, excluding depreciation and amortization of intangible assets $ — $ 44 Research and development $ 21 $ 146 Selling, general and administrative $ 344 $ 118 (4) The provision for income taxes is adjusted to reflect the net direct and indirect income tax effects of the various non-GAAP pretax adjustments. Reconciliation of net income per share attributable to the Company: GAAP net loss attributable to the Company $ (0.32 ) $ (0.67 ) Adjustments to GAAP net loss per share attributable to the Company: Stock-based compensation 0.23 0.34 Amortization of intangible assets 0.20 0.24 Transaction, integration and restructuring related costs 0.01 0.09 Income tax adjustment (0.01 ) 0.12 Non-GAAP net income per share attributable to the Company $ 0.11 $ 0.12 GAAP weighted-average number of shares - basic and diluted 45,846 45,331 Non-GAAP weighted-average number of shares - diluted 45,979 45,494 Expand XPERI INC. GAAP TO NON-GAAP RECONCILIATIONS (in thousands) (unaudited) Three Months Ended June 30, 2025 2024 GAAP operating loss $ (11,133 ) $ (21,907 ) Adjustments to GAAP operating loss: Stock-based compensation 10,327 15,303 Amortization of intangible assets 9,144 11,042 Transaction, integration and restructuring related costs: Transaction, integration and restructuring costs 73 3,588 Severance and retention 365 308 Non-GAAP operating income $ 8,776 $ 8,334 Expand XPERI INC. GAAP TO NON-GAAP RECONCILIATIONS (in thousands) (unaudited) 2025 2024 GAAP net loss $ (14,781 ) $ (30,631 ) Adjustments to GAAP net loss: Interest expense 915 925 Provision for income taxes 4,636 9,266 Stock-based compensation 10,327 15,303 Depreciation expense 3,448 3,278 Amortization of intangible assets 9,144 11,042 Amortization of capitalized cloud computing costs 1,081 1,124 Transaction, integration and restructuring related costs: Transaction, integration and restructuring costs 73 4,003 Severance and retention 365 308 Non-GAAP Adjusted EBITDA $ 15,208 $ 14,618 Non-GAAP Adjusted EBITDA Margin (1) 14.4 % 12.2 % (1) Non-GAAP Adjusted EBITDA Margin is calculated by dividing Non-GAAP Adjusted EBITDA, derived as above, by the Company's total revenue, expressed as a percentage. Expand
Business Wire
22 minutes ago
- Business Wire
loanDepot Founder and Chairman of the Board Anthony Hsieh Named Permanent CEO
IRVINE, Calif.--(BUSINESS WIRE)--loanDepot, Inc. (NYSE: LDI) (together with its subsidiaries, "loanDepot" or the "Company") today announced that Company Founder and Chairman of the Board Anthony Hsieh has been appointed permanent Chief Executive Officer by its Board of Directors, effective immediately. Hsieh has served as Interim CEO since the departure of Frank Martell on June 4, 2025. 'We are fortunate Anthony has agreed to return to the role of CEO.' 'We are fortunate Anthony has agreed to return to the role of CEO,' said loanDepot Board Member and Chair of the Nominating and Governance Committee Pam Patenaude. 'The rapid acceleration of AI and its disruption of established operating models make this a unique moment in time for the Company. The industry has entered a period of significant change, and with his founder's mentality, history of disruption and commitment to innovation, no one is better suited than Anthony to lead loanDepot through this transformation.' Hsieh is a respected industry veteran and lifelong entrepreneur who has spent his entire career in the mortgage business. He founded loanDepot in 2010 as a de novo startup and grew the business by an average of 38% year over year for the first decade to become the second largest retail lender in the nation, surpassing many iconic mortgage brands along the way. During that time, the Company differentiated itself with a laser focus on innovation, efficiency, and customer delight. In 2017, Hsieh introduced the Company's proprietary point of sale software, mello®, which was celebrated as a best-in-class platform at the time and remains the platform of choice for originators today. Along the way Hsieh was recognized with various industry awards, including LendIt Fintech's 'Executive of the Year' in 2018. Said Hsieh, 'loanDepot has a unique set of assets—our brand and marketing muscle, our diversified channel strategy, our servicing portfolio and our exceptional customer experience among them—but our most significant differentiator has always been our ability to disrupt and redefine the industry through our innovative use of technology. Today, we return to those roots. The broad adoption of AI represents a paradigm shift, and we must be ready to capitalize on that opportunity.' He continued, 'I am thrilled to return to the helm of the Company that I, along with many members of Team loanDepot, built from the ground up. There's a unique energy that comes from being a founder, and I believe the passion and drive of that 'founder's mindset' will be an advantage as we recommit to innovation and rekindle the competitive spirit that has always made loanDepot special. Above all, my focus is to drive profitable growth and regain the market share that we built in the first 12 years of our Company. We will return to competing at the highest levels.' As part of his charter for the next 90 days, Hsieh plans to add several top-tier executives to his leadership team, expanding a best-in-class constellation of mortgage leadership talent. The team will be aligned to Hsieh's innovation agenda and will be laser focused on improving Company performance in the near term while setting the stage for long-term growth and a return to industry leadership. Forward Looking Statements This press release may contain "forward-looking statements," which reflect loanDepot's current views with respect to, among other things, our business strategies and strategic focuses, profitable growth, market share, adoption of artificial intelligence, adding top-tier executive talent, our ability to compete, and our commitment to innovation. These forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and may contain the words 'outlook,' 'potential,' 'believe,' 'anticipate,' 'expect,' 'intend,' 'plan,' 'predict,' 'estimate,' 'project,' 'will be,' 'will continue,' 'will likely result,' or other similar words and phrases or future or conditional verbs such as 'will,' 'may,' 'might,' 'should,' 'would,' or 'could' and the negatives of those terms. These forward-looking statements are based on current available operating, financial, economic and other information, and are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict, including but not limited to, the following: our ability to achieve the expected benefits of our strategic plans and priorities and the success of other business initiatives; our ability to achieve profitability; our loan production volume; our ability to maintain an operating platform and management system sufficient to conduct our business; our ability to maintain warehouse lines of credit and other sources of capital and liquidity; our ability to effectively utilize artificial intelligence; impacts of cybersecurity incidents, cyberattacks, information or security breaches and technology disruptions or failures, of ours or of our third party vendors; the outcome of legal proceedings to which we are a party; our ability to reach a definitive settlement agreement related to the Cybersecurity Incident; adverse changes in macroeconomic and U.S residential real estate and mortgage market conditions, including changes in interest rates and changes in global trade policy and tariffs; changing federal, state and local laws, as well as changing regulatory enforcement policies and priorities; and other risks detailed in the "Risk Factors" section of loanDepot, Inc.'s Annual Report on Form 10-K for the year ended December 31, 2024, and Quarterly Reports on Form 10-Q as well as any subsequent filings with the Securities and Exchange Commission. Therefore, current plans, anticipated actions, and financial results, as well as the anticipated development of the industry, may differ materially from what is expressed or forecasted in any forward-looking statement. loanDepot does not undertake any obligation to publicly update or revise any forward-looking statement to reflect future events or circumstances, except as required by applicable law. About loanDepot: Since its launch in 2010, loanDepot (NYSE: LDI) has revolutionized the mortgage industry with digital innovations that make transacting easier, faster and less stressful for customers and originators alike. The company, which is licensed in all 50 states, helps its customers achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. loanDepot is also committed to serving the communities in which its team lives and works through a variety of local and national philanthropic efforts. LDI-IR
