---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-016388"
form_type: "8-K"
ticker: null
cik: "0001136174"
company_name: "Ontrak, Inc."
filed_at: "2024-04-16T23:59:59+00:00"
generated_at: "2026-06-03T22:03:21.420048+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-016388
- form_type: 8-K
- cik: 0001136174
- company_name: Ontrak, Inc.
- filed_at: 2024-04-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1136174/000162828024016388/0001628280-24-016388-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1136174/000162828024016388/cats-20240416.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-016388
- JSON: https://secwatch.observer/filing/0001628280-24-016388.json
- Plain text: https://secwatch.observer/filing/0001628280-24-016388.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1136174/000162828024016388/0001628280-24-016388-index.htm
- Earnings Releases
  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
  source text: • Q4 Revenue of $3.5 million, up 41% year over year; and Full Year Revenue of $12.7 million, down 12% year over year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1136174/000162828024016388/0001628280-24-016388-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.