secwatch.observer — SEC 8-K summary
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Issuer:     Ontrak, Inc. (—)
CIK:        0001136174
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001628280-24-023197
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ontrak Q1 revenue up 6% to $2.7M; operating loss narrows 41% to $4.3M
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- Revenue $2.7M (+6% YoY); operating loss $(4.3)M vs $(7.2)M YoY.
- Net loss $(4.5)M ($(0.11) diluted EPS) vs $(8.4)M ($(2.26)) YoY.
- Adjusted EBITDA $(3.4)M, a 38% improvement over $(5.4)M in Q1 2023.
- New customer agreement with Community Care Plan approved by Florida AHCA for adult Medicaid population.
- NPS score of 77; medical cost savings reduction of 43% and inpatient admissions reduction of 62% cited.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1136174/000162828024023197/0001628280-24-023197-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1136174/000162828024023197/cats-20240514.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-023197

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