Ontrak Delays Yearly Report Filing

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Ontrak Delays Yearly Report Filing

Ontrak ( (OTRK) ) has released a notification of late filing.

Ontrak, Inc. has announced a delay in filing its Form 10-K (Yearly Report) for the financial period ending December 31, 2024. The primary reason for the delay is the need for additional time to complete its annual impairment testing of goodwill, which has resulted in the company requiring more time to finalize its financial statements. Ontrak expects to file the delayed report within the 15-day extension period allowed by the SEC. The company anticipates reporting a revenue of $10.9 million for 2024, a 15% decrease from the previous year, and a net loss of $25.5 million. These figures are subject to change based on the final impairment testing results. Ontrak is committed to resolving these issues promptly, as indicated by the signature of Chief Financial Officer James J. Park on the notification.

More about Ontrak

YTD Price Performance: -21.62%

Average Trading Volume: 26,635

Technical Sentiment Signal: Strong Buy

Current Market Cap: $6.12M

For detailed information about OTRK stock, go to TipRanks’ Stock Analysis page.

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