What is Noom stock?
About Noom Stock Noom is a behavior change company that exists in the weight loss and healthcare industries. Through combining the power of artificial intelligence, mobile tech, and psychology with over 2,500 personal coaches, Noom aims to help people live healthier lives by changing their long-term habits.
How much money has Noom raised in total?
In total, Noom has raised $654.7 m Need Data? Craft can deliver 250+ data points of financial, operating, and human capital indicators on companies via API.
What is the Noom app?
Noom is a behavior change company that exists in the weight loss and healthcare industries. Through combining the power of artificial intelligence, mobile tech, and psychology with over 2,500 personal coaches, Noom aims to help people live healthier lives by changing their long-term habits.
How does the Noom algorithm work?
After the user answers a few questions, Noom's algorithm formulates a weight loss plan and pairs them with a coach who provides dietary information, support, and guidance. Noom offers a unique classification system for different types of foods using a "traffic light" analogy: red, yellow, and green.
Does Noom trade publicly?
Noom has raised US$ 657.3 million in funding to date, and it remains a private company. It does not trade publicly, and as a result, retail investors cannot buy this digital health stock.
What is Noom stock?
About Noom Stock Noom is a behavior change company that exists in the weight loss and healthcare industries. Through combining the power of artificial intelligence, mobile tech, and psychology with over 2,500 personal coaches, Noom aims to help people live healthier lives by changing their long-term habits.
How much is Noom worth?
Weight Loss App Noom Quadruples Revenue Again, This Time To $237 Million.
Who is Noom owned by?
Saeju JeongSaeju Jeong is the CEO and co-founder of the weight loss program Noom Coach. It's one of the most downloaded health apps in the world on both iOS and Android. Noom was the first virtual health provider and mobile diabetes prevention program certified by the CDC.
How is Noom doing financially?
Noom generated $400 million in revenue last year, a nearly 70% increase from $237 million in 2019, according to reports. This strong performance was likely bolstered by users' desire to lose weight gained amid the pandemic.
Who are Noom's competitors?
Noom competitors include Datadog, Netflix, Google, Amazon and DoorDash.
Does Noom make a profit?
Noom has grown to be one of the most profitable weight loss brands in the world.
How many active users does Noom have?
45 million usersHealth and wellness tech startup Noom offers weight loss and exercise tracking apps, with more than 45 million users worldwide.
Are the Noom coaches real?
How Noom Works. The app takes a behavioral approach to weight loss in order to “trick” your body into building healthier habits. Noom promotes their coaches — supposedly real people (though not registered dietitians) — who help you set achievable goals and keep you accountable.
How much does Noom pay health coaches?
approximately $37,780Average Noom Health Coach yearly pay in the United States is approximately $37,780, which is 16% below the national average. Salary information comes from 25 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.
Is Noom a unicorn?
New telehealth unicorns: During the second quarter, six telehealth companies joined the unicorn club: Noom, KRY, Cerebral, LetsGetChecked, Thirty Madison and Capsule. A "unicorn" is a privately held startup company valued at over $1 billion.
Noom at a glance
Noom was founded by Artem Petakov, President, and Saeju Jeong, CEO. Both have extensive experience in the business world starting and running companies. Their prior experience in industry has helped them be successful in this venture.
Noom Fundraising to know about
In the course of 10 rounds of fundraising, Noom has raised over $670 million since their founding in 2008. Here’s a breakdown of the key Noom fundraising over the years:
Noom acquisitions
Noom has acquired one company: Opus Growth. Opus Growth is a marketing and advertising company focused on performance in mass media. Noom acquired the company for an undisclosed amount in May 2020.
Path to the Noom IPO
Noom officially reached unicorn status with its Series F fundraising that closed in May 2021. The post-money valuation was $3.7 billion. The company has been exploring the best time and avenues for an IPO since at least 2020.
What investors should know about the Noom IPO
As an investor, you’re aware that there are risks involved with all investments. Let’s explore what type of risks investors might need to consider with a Noom IPO. One way to do this is to think through the pros and cons of a company.
Bottom line
Noom is exploring an IPO – it could be as early as the end of 2021; but could also be in 2022. No investor is exempt from risk.
What is Noom app?
Founded in 2008 by two engineers, Saeju Jeong and Artem Petakov, Noom is a personalized health coaching company with its own app. The company aims to help reinforce positive decision-making to improve the lives and health of its users. The app helps users lose weight, get fit, and stay healthy using an 100% virtual platform.
What is the Noom algorithm?
After the user answers a few questions, Noom's algorithm formulates a weight loss plan and pairs them with a coach who provides dietary information, support, and guidance. Noom offers a unique classification system for different types of foods using a "traffic light" analogy: red, yellow, and green.
How long does it take to lose weight with Noom?
Additionally, in a diabetes prevention program, 64% of participants with diabetes who used Noom reported at least a 5% reduction in body weight after just 16 to 24 weeks. While Noom has not been evaluated against other weight loss programs such as those developed by WW International (formerly Weight Watchers) ( NASDAQ:WW) and Tivity Health ...
What is the recommended daily caloric budget for Noom?
Noom recommends a daily caloric budget of eating 30% green foods, 45% yellow, and 25% red. Users can get a custom caloric budget to formulate a weekly menu.
How much does obesity cost in healthcare?
Adults with obesity also pay an average of $1,429 more per year in out-of-pocket healthcare expenses.
How many people are obese in the US?
The Centers for Disease Control and Prevention currently estimates that more than 42% of U.S. adults are obese. While some argue that weight is not a direct indicator of health, the risks associated with obesity are serious. Obese adults are up to 80 times more likely to get diabetes than individuals in what's considered healthy weight ranges.
Is Noom a good weight loss program?
Noom represents an accessible, promising, and mobile option for weight loss and health maintenance. It's an even better proposition if the cost of Noom is covered by a user's company's health and wellness program.
