Cloud DX Reports Fiscal Third Quarter Results
WATERLOO, ON / ACCESSWIRE / November 29, 2021 / Cloud DX (TSXV:CDX)(OTCQB:CDXFF), Cloud DX, a leading North American provider of virtual care and remote patient monitoring solutions, today reports results for the third quarter of fiscal 2021.
Key Developments:
- Overall revenue lower by
4% ; Subscription revenue increased22% - New partnerships in the quarter resulted in access to up to 27,000 patients
- Inclusion of one-time costs attributed to the Qualifying Transaction impacted expenses;
120% increase in operating expenses98% decrease in adjusted EBITDA
Third Quarter Financial Highlights
Year to Date Financial Highlights
Revenue
In the 3 months ended September 30, 2021 subscription revenue was
In the 9 months ended September 30, 2021 subscription revenue increased
Expenses
In the 3 months ended September 30, 2021 operating expenses increased
In the 9 months ended September 30, 2021, operating expenses increased
Customer Stats
Cloud DX has seen access to available patients suited to its remote patient monitoring products increase as follows:
About Cloud DX
Accelerating virtual healthcare, Cloud DX is on a mission to make healthcare better for everyone. Our Connected Health TM remote patient monitoring platform is used by healthcare enterprises and care teams across North America to virtually manage chronic disease, enable aging in place, and deliver hospital-quality post-surgical care in the home. Our partners achieve better healthcare and patient outcomes, reduce the need for hospitalization or re-admission, and reduce healthcare delivery costs through more efficient use of resources. Cloud DX is the co-winner of the Qualcomm Tricorder XPRIZE, a 2021 Edison Award winner, a Fast Company "World Changing Idea" finalist, and one of "Canada's Ten Most Prominent Telehealth Providers.
Cloud DX Investor Site https://ir.clouddx.com/overview/default.aspx
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Social Links
Twitter https://twitter.com/CloudDX
Facebook https://www.facebook.com/clouddxinc/
LinkedIn https://www.linkedin.com/company/cloud-dx/
Instagram https://www.instagram.com/cloud.dx/
For investor inquiries please contact:
Jay Bedard
Cloud DX Investor Relations
647-881-8418
jay.bedard@CloudDX.com
SOURCE: Cloud DX Inc.
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