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Cloud DX Inc - CDXFF STOCK NEWS

Welcome to our dedicated news page for Cloud DX (Ticker: CDXFF), a resource for investors and traders seeking the latest updates and insights on Cloud DX.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cloud DX's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cloud DX's position in the market.

Rhea-AI Summary
Cloud DX reports a high 2024 contract renewal rate, with 11 contracts renewed for Connected Health products and services generating $1.25 million CAD revenue. The company aims for 100% client contract renewal in Q1 2024, with 16 new contracts announced since January 1, 2024, totaling over $4.0M CAD.
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-10.4%
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Rhea-AI Summary
A group of investors, including board directors, converts $4.2 million in debt to shares at a premium price of $0.154/share. 97% of shares, totaling 26,411,896, are pooled and escrowed for 24 months. Shareholders can't sell unless price exceeds $0.50/share for 10 consecutive days.
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Cloud DX (CDXFF) signs a 5-year Master Deployment Agreement with the Ottawa Hospital Research Institute to provide remote patient monitoring technology for research projects, studies, and clinical trials. The agreement aims to streamline the purchase of Cloud DX Connected Health products and services for over 1,000 patients involved in various projects. Cloud DX has secured contracts worth over $2.8M CAD since January 1, 2024, and partnered with VHA Home HealthCare and Sanrai International.
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Cloud DX announces new contracts worth $2.8 million CAD in 2024, including a 24-month agreement with Dr. Lee S. Freedman for remote patient monitoring services. The agreement values at $230,000 CAD and aims to enroll 125 patients with chronic conditions. Cloud DX's gross margins are reported at 77%.
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Cloud DX partners with Sanrai International to distribute Connected Health products in 65 countries, securing over $2.5 million CAD in new business. The partnership aims to focus on chronic illness and post-surgical recovery, leveraging Cloud DX's remote monitoring technology.
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Cloud DX appoints technologist and angel investor Mr. Konstantin Othmer to the Board, replacing Mr. Neil Fraser. Othmer brings 40 years of experience in technology and investments, having worked with Apple Inc. and invested in market leaders like Android and Tesla. The appointment is subject to approval by the Toronto Venture Exchange.
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6.39%
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management
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Cloud DX (TSXV:CDX)(OTCQB:CDXFF) received a purchase order for up to 300 Vitaliti™ Continuous Vital Sign Monitor Systems valued at approximately $770,000 CAD. The order includes a 50% deposit, with the balance paid on delivery in Q2 2024. The systems will be used in a groundbreaking multi-site academic study of post-surgical patients, and the company has announced over $2.5 million CAD in new business since January 1, 2024. The CEO stated that this deployment will move forward the state of the art in virtual care while also gathering data required for Health Canada and FDA regulatory approvals.
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Cloud DX Inc. (CDXFF) to participate in The Microcap Conference, with CEO Robert Kaul presenting. The event will take place on January 30, 31, and February 1, 2024, at Caesars Atlantic City Hotel & Casino in Atlantic City, NJ. Interested parties can register to attend and have one-on-one meetings with the management team.
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-34.3%
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Cloud DX (TSXV:CDX)(OTCQB:CDXFF) announces a new contract with VHA Home HealthCare, a not-for-profit provider of home care nursing, rehab, and personal support services in Ontario. The contract includes the deployment of Cloud DX Connected Health remote care monitoring (RCM) services to a significant proportion of eligible clients, with an initial term of 24 months and mutually agreed extensions thereafter. Cloud DX also reported gross margins of 77% as of September 31, 2023.
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Cloud DX (TSXV:CDX)(OTCQB:CDXFF) announces new contracts with Ontario Family Health Teams and an extension with Oak Valley Health's - Markham Stouffville Hospital. The company will present at upcoming investor conferences and a webinar to discuss milestones and outlook for 2024.
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24.43%
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Cloud DX Inc

OTC:CDXFF

CDXFF Rankings

CDXFF Stock Data

8.54M
58.50M
38.62%
Surgical and Medical Instrument Manufacturing
Manufacturing
Link
United States
Brooklyn