Ontrak Q4 revenue $3.5M (+41% YoY); full year revenue $12.7M (-12%)

Ontrak, Inc.

2024-Q1 EPS reported -$0.11 revenue$2,680,000

Q4 operating loss improved 35% to $5.2M; full year operating loss improved 52% to $21.1M.
Completed equity offering raising ~$5.3M net, $16.3M secured notes conversion, and $1.9M from warrant exercises.
Amended master note purchase agreement providing up to $15.0M borrowing capacity under senior secured convertible notes.
Expanded services to larger commercial population and eligible self-insured groups with a health plan customer.
Introduced Advanced Engagement System for improved efficiencies and ROI.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ontrak, Inc. reported the fourth quarter of 2023 results: revenue $3.5 million, net income $(6.4) million, EPS $(0.29) diluted net loss per common share.

Period: the fourth quarter of 2023
Revenue: $3.5 million
Net income: $(6.4) million
EPS: $(0.29) diluted net loss per common share
Result: reported results

Exact text from the filing

Revenue for the fourth quarter of 2023 was $3.5 million, representing a 41% increase compared to the same period in 2022. • Operating loss for the fourth quarter of 2023 was $(5.2) million compared to an operating loss of $(8.0) million for the same period in 2022. • Adjusted EBITDA for the fourth quarter of 2023 was $(3.6) million compared to adjusted EBITDA of $(6.1) million for the same period in 2022. • Net loss for the fourth quarter of 2023 was $(6.4) million, or a $(0.29) diluted net loss per common share (after deduction for undeclared preferred stock dividends), compared to net loss of $(9.1) million, or a $(2.52) diluted net loss per common share (after deduction for undeclared preferred stock dividends) for the same period in 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ontrak, Inc. reported the year ended December 31, 2023 results: revenue $12.7 million.

Period: the year ended December 31, 2023
Revenue: $12.7 million
Result: reported results

Exact text from the filing

• Q4 Revenue of $3.5 million, up 41% year over year; and Full Year Revenue of $12.7 million, down 12% year over year

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Source: SEC EDGAR

accession 0001628280-24-016388

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