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Ontrak (OTRK)
NASDAQ:OTRK
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-1.35Last Year’s EPS
-4.05Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2018
|% Change Since: -6.91%
|Next Earnings Date:Aug 14, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted significant new customer acquisitions and expansion of services, showcasing growth in the sales pipeline and improvement in outreach success rates. However, these positive developments are counterbalanced by declines in revenue and gross margin, alongside negative cash flow. Despite the challenges, there is a positive outlook for future revenue growth.Company Guidance
During the Q3 2024 earnings call for Ontrak Health, several key metrics and guidance points were discussed. Brandon LaVerne highlighted the company's expansion with Sentara Health plans, which will offer the Engage solution to approximately 20,000 members, focusing on those with rising health risks. The company secured two new regional health plan customers and four expansions since January 2024, covering Medicaid, HARP, commercial, and marketplace plans. The pipeline is robust, with 4 late-stage prospects, including a potential partnership with a prominent healthcare system in the West and a large Blues plan in the Midwest, representing significant growth opportunities. Mary Lou Osborne mentioned that Ontrak's quality solutions aim to close over 30,000 HEDIS gaps in care, achieving a greater than 50% outreach success rate. Financially, James Park reported Q3 revenue of $2.6 million, a 31% decrease year-over-year, with a gross margin of 62% and a projected Q4 revenue increase to $2.9 million-$3.2 million. The company's cash reserves stood at $8 million, with $11 million to $13 million in annual revenue from current contracts and an additional $9 million to $12 million potential revenue from near-term opportunities.New Customer Expansion
Ontrak Health expanded its services to Sentara Health plans, offering its Engage solution to approximately 20,000 planned members, including specialized care coaching.
Success in Sales Pipeline
Secured 2 new regional health plan customers and 4 health plan expansions since January 2024, demonstrating versatility across various plan types such as Medicaid and Medicare Advantage.
High Outreach Success Rate
Achieved a greater than 50% outreach success rate, more than double the industry standard, positively impacting HEDIS scores for clients.
New Customer and Product Launches
Announced signing of a large health plan in the Northeast, expanding services to include Ontrak's quality solutions, helping to close over 30,000 HEDIS gaps in care.
Positive Revenue Projections
Current customers under contract account for $11 million to $13 million of annual revenue, with potential new deals adding $9 million to $12 million of additional revenue.
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OTRK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OTRK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $1.88 | $1.78 | -5.32% |
| Aug 08, 2024 | $3.37 | $3.16 | -6.23% |
| May 14, 2024 | $4.47 | $4.01 | -10.29% |
| Apr 16, 2024 | $6.90 | $5.48 | -20.58% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ontrak (OTRK) report earnings?
Ontrak (OTRK) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Ontrak (OTRK) earnings time?
Ontrak (OTRK) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OTRK EPS forecast?
OTRK EPS forecast for the fiscal quarter 2024 (Q4) is -1.35.
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