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Cloud DX (CDXFF) is a prominent North American digital health platform and provider of remote patient monitoring solutions. The company saw a significant increase in total revenue, subscription revenue, and gross profit in FY2023. Cloud DX offers a Connected Health remote patient monitoring platform that is used by healthcare enterprises to manage chronic diseases, enable aging in place, and deliver post-surgical care at home. The company has secured multiple contracts with provincial health authorities in Canada, including Ontario, Yukon, Prince Edward Island, and British Columbia, highlighting its growing presence in the digital healthcare space.
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Cloud DX (TSXV:CDX)(OTCQB:CDXFF) has signed a new contract to design a wearable device to track ECG and other vital signs. The $115,000 CAD contract includes a 4.5% royalty on gross profits for every device sold, and Cloud DX retains the right of first refusal on future statements of work. The new solution aims to reduce stress-induced impacts and improve overall wellness. Cloud DX will also be presenting at several upcoming investor events.
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Cloud DX (TSXV:CDX)(OTCQB:CDXFF) secures a new 3-year contract with Health PEI valued at $1,340,000 CAD to provide Remote Patient Monitoring services, supporting primary care, home care, and rehabilitation. This is the second contract under the Mohawk Medbuy Master Agreement, making Cloud DX the sole vendor of RPM services in 4 Provincial-level agreements.
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Cloud DX Inc. (TSXV: CDX) (OTCQB: CDXFF) closed a non-brokered private placement offering of 1,942 convertible debenture units for gross proceeds of $1,942,000. Dr. Constantine Zachos, a director of the Corporation, subscribed for 67 Debenture Units in the Offering. The Company exchanged $3,546,000 in principal amount of 18% secured convertible debentures for 3,546 convertible debenture units. Additionally, the Company granted 3,550,000 stock options and issued 526,315 restricted share units.
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Cloud DX Inc. (TSXV:CDX)(OTCQX:CDXFF) to exchange $3,546,000 of principal amount of 18% secured convertible debentures issued on September 8, 2023, with 3,546 convertible debenture units expected to be issued pursuant to an amended and restated convertible debenture indenture.
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Cloud DX (CDX) Reports 32.6% YTD Revenue Growth and Positive EBITDA Trend
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Cloud DX (TSXV:CDX)(OTCQB:CDXFF) will release its Q3-2023 financial results on November 27, 2023, followed by an Earnings Call hosted by CEO Robert Kaul. The company will discuss financial performance, recent events, financing activities, sales acceleration, and patient and provider satisfaction.
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Cloud DX announces new contract with Ontario Paramedic Service for remote patient monitoring (RPM) in the community
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Cloud DX has won a 2-year contract to provide digital Remote Patient Monitoring (dRPM) hardware and services to Alberta Health Services (AHS), with a 1-year renewal option. This is their 21st contract or extension announced in 2023, compared to 28 in 2022. Cloud DX's dRPM solution has been shown to reduce hospital admissions and improve healthcare outcomes.
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Cloud DX Inc. has closed its non-brokered private placement offering of convertible debentures, raising $3,546,000. A second tranche is expected to raise approximately $454,000. Insiders of the company subscribed for a total of 1,533 convertible debentures. The net proceeds will be used for inventory and working capital.
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Cloud DX reports strong financial performance in H1 2023 with significant increases in subscription revenue, total revenue, and gross profit compared to H1 2022.
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FAQ
What is the current stock price of CLOUD DX (CDXFF)?
The current stock price of CLOUD DX (CDXFF) is $0.084 as of May 30, 2024.
What is the market cap of CLOUD DX (CDXFF)?
The market cap of CLOUD DX (CDXFF) is approximately 8.7M.
What is Cloud DX?
Cloud DX is a North American digital health platform and provider of remote patient monitoring solutions.
What are some key highlights of Cloud DX's performance?
Cloud DX saw a significant increase in total revenue, subscription revenue, and gross profit in FY2023.
What products does Cloud DX offer?
Cloud DX offers a Connected Health remote patient monitoring platform used by healthcare enterprises to manage chronic diseases, enable aging in place, and deliver post-surgical care at home.
Which provincial health authorities in Canada has Cloud DX partnered with?
Cloud DX has secured contracts with provincial health authorities in Ontario, Yukon, Prince Edward Island, and British Columbia, showcasing its expanding presence in the digital healthcare sector.
What is the mission of Cloud DX?
Cloud DX is on a mission to make healthcare better for everyone by providing efficient remote patient monitoring solutions that improve healthcare outcomes and reduce delivery costs.
CLOUD DX INC