secwatch.observer — SEC 8-K summary
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Issuer:     Ontrak, Inc. (—)
CIK:        0001136174
Form:       8-K
Filed at:   2023-03-15T23:59:59+00:00
Accession:  0001628280-23-008088
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 2.05, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ontrak Q4 rev $2.5M (-76%); net loss $(9.1)M; 19% layoffs; Nasdaq listing transfer
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- Q4 2022 revenue $2.5M, down 76% YoY from $10.4M; net loss $(9.1)M or $(0.42) diluted EPS.
- Adjusted EBITDA loss $(6.1)M; non-GAAP net loss $(7.6)M or $(0.36) per share.
- Reduced workforce by 19%, saving ~$2.7M annual compensation; one-time severance $0.3M.
- Nasdaq listing transferred to Capital Market; extended to Sept 11, 2023 to regain $1 bid price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1136174/000162828023008088/0001628280-23-008088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1136174/000162828023008088/cats-20230309.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-008088

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer