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CloudMD Software & Services Inc. (TSXV: DOC) (OTCQX: DOCRF) (FSE: 6PH) is an innovative health services company based in Vancouver, British Columbia. The company focuses on transforming care delivery by combining cutting-edge technology with a vast network of healthcare professionals. CloudMD offers workplace health and well-being solutions through its Kii platform, providing personalized healthcare experiences across mental, physical, and occupational health. By leveraging advanced AI and deep learning algorithms, CloudMD enables remote patient monitoring, delivering accurate health measurements and personalized insights. The company also offers digital health education resources and mental health support services. CloudMD has recently signed contracts with leading healthcare organizations like The Ottawa Hospital to provide comprehensive health services to their employees. With a commitment to empowering healthier living, CloudMD is at the forefront of innovation in the healthcare industry.
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CloudMD Software & Services Inc. (TSXV: DOC) (OTCQX: DOCRF) announces a new multi-service contract with The Ottawa Hospital to provide healthcare services to their 15,000+ team members. The partnership includes access to Nurse Navigation, Employee Family Assistance Plan, and Mental Health Support, showcasing CloudMD's commitment to transforming healthcare delivery.
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CloudMD Software & Services Inc. and Bristol Health launch a Deviceless Remote Patient Monitoring Program, revolutionizing healthcare delivery. The program integrates CloudMD's HealthLYF platform with Bristol Health's EMR system, offering patients seamless and convenient monitoring directly from their smartphones. Through this partnership, over 25,000 Medicare patients can benefit from personalized insights and access to digital health education resources.
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CloudMD Software & Services Inc. provides an update on recent developments and execution of its growth initiatives in the Health and Wellness Services and the Health and Productivity Solutions divisions. The company has reported a transformational year in 2023, focusing on sustainable growth and profitability. CloudMD has seen significant growth in cross-selling, user experience, geographic expansion, and new strategic partnerships. Additionally, the company has successfully concluded the implementation period for its Remote Patient Monitoring service, with a focus on mental health services. CloudMD has also launched enterprise optimization initiatives, aimed at maximizing operating efficiencies and improving operating cash flow. The company continues to focus on enhancing customer experience, innovation & data, employee engagement, and finance. CloudMD's non-GAAP financial measures, such as Adjusted EBITDA and gross margin, are provided to enhance the understanding of the company's financial performance and prospects for the future.
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CloudMD Software & Services Inc. will participate in the Maxim Healthcare Virtual Conference to discuss their impact on health outcomes and healthcare costs, with CEO Karen Adams and CFO Prakash Patel taking part in a fireside chat. The event will take place on January 24, 2024, at 11:00 am ET.
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CloudMD Software & Services Inc. (TSXV: DOC) (OTCQX: DOCRF) (FSE: 6PH) held its Annual and Special Meeting of Shareholders on December 15, 2023. Shareholders approved setting the number of directors at seven, re-appointing KPMG LLP as auditors, and re-approving the Company's omnibus equity incentive plan. However, shareholders did not approve the consolidation of all issued and outstanding common shares. Graeme McPhail, Chairman, highlighted the Company's progress and future focus on profitability and business growth in 2024.
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CloudMD Software & Services Inc. (TSXV: DOC) (OTCQX: DOCRF) (FSE: 6PH) announced the filing of Restated Q3 2023 Financial Statements and Restated 2022 Audited Consolidated Financial Statements. The company reported a net loss of $5.4 million, an adjusted EBITDA of $0.6 million, and revenue of $22.9 million for Q3 2023. The updated financial results show a 39.8% gross margin, with no change to the cash position or cash usage in the quarter.
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CloudMD Software & Services Inc. (TSXV: DOC, OTCQX: DOCRF, Frankfurt: 6PH) reported a net loss of $5.8 million, the fourth consecutive quarter of profitability improvement. Adjusted EBITDA positive a quarter ahead of guidance, with revenue of $23.6 million, driven by 10% year over year organic growth in the Health and Wellness division. Gross margin above 35% for the fourth consecutive quarter, with $1.0 million in additional annualized savings identified in the quarter.
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CloudMD Software & Services Inc. (DOC) will release its financial results for Q3 2023 on November 29, 2023, followed by an earnings conference call and webinar on November 30, 2023. The company aims to provide innovative health services and transform care delivery.
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CloudMD Software & Services Inc. (DOC) announces a delay in the release of its financial results for Q3 2023, with the new expected date on or before November 29, 2023. The delay is due to the Company's auditor, KPMG LLP, requesting additional time to complete its review procedures. CloudMD is working with its auditor to finalize the date for the earnings call and will provide further details as they are confirmed.
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CloudMD Software & Services Inc. (TSXV: DOC, OTCQX: DOCRF, Frankfurt: 6PH) announces the release of its Q3 2023 financial results on November 23, 2023, along with an earnings conference call and webinar. The company is transforming the delivery of care in the health services sector.
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FAQ
What is the current stock price of CLOUDMD SOFTWARE & SVCS (DOCRF)?
The current stock price of CLOUDMD SOFTWARE & SVCS (DOCRF) is $0.02679 as of July 10, 2024.
What is the market cap of CLOUDMD SOFTWARE & SVCS (DOCRF)?
The market cap of CLOUDMD SOFTWARE & SVCS (DOCRF) is approximately 6.2M.
What does CloudMD Software & Services do?
CloudMD is an innovative health services provider that focuses on transforming care delivery by combining leading-edge technology with an exceptional network of healthcare professionals.
What is the Kii platform by CloudMD?
The Kii platform offers workplace health and well-being solutions, providing personalized healthcare experiences across mental, physical, and occupational health.
How does CloudMD enable remote patient monitoring?
CloudMD leverages advanced AI and deep learning algorithms to enable remote patient monitoring, delivering accurate health measurements and personalized insights.
What additional services does CloudMD offer?
CloudMD offers digital health education resources, mental health support services, and comprehensive health tools to hospitals, clinics, and healthcare providers.
What recent partnerships has CloudMD entered into?
CloudMD has recently signed contracts with leading healthcare organizations like The Ottawa Hospital to provide comprehensive health services to their employees.
CLOUDMD SOFTWARE & SVCS
OTC:DOCRF
DOCRF Rankings
DOCRF Stock Data
6.25M
304.20M
0.16%
0.47%
Health Information Services
Healthcare
United States of America
Vancouver