Welcome to our dedicated page for Cloud Dx news (Ticker: CDXFF), a resource for investors and traders seeking the latest updates and insights on Cloud Dx stock.
The CDXFF news page on Stock Titan provides an organized archive of public announcements and developments related to Cloud DX Inc., a former North American digital health platform and provider of virtual care and remote patient monitoring solutions. These news releases document how the company positioned its Connected Health remote patient monitoring platform, which was used by healthcare enterprises and care teams across North America to manage chronic disease, support aging in place, and deliver hospital-quality post-surgical care in the home.
Through these historical updates, readers can review Cloud DX’s disclosures about contracts with hospitals, community paramedic services, clinics, and provincial or territorial health authorities, as well as its reported role in providing remote patient monitoring products and services. The archive also includes company statements about awards and recognition, such as being 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."
In addition to growth and contract announcements, the CDXFF news record covers Cloud DX’s restructuring process. Key items include the filing of a Notice of Intention to Make a Proposal under the Bankruptcy and Insolvency Act (Canada) by its material subsidiary, the court-supervised sale of Cloud Diagnostics Canada ULC under a reverse vesting order, and the company’s later disclosure that it ceased operations and transferred all assets to a purchaser. The news flow also documents the Cease Trade Order issued by the Ontario Securities Commission due to the company’s inability to file audited financial statements for its 2024 fiscal year.
By browsing this page, investors and researchers can follow the full narrative arc of Cloud DX Inc. (CDXFF) through its contract wins, financial reporting announcements, restructuring steps, and eventual cessation of operations, using the company’s own news releases as a primary source.
Cloud DX announced the results of a national study validating remote patient monitoring (RPM) using its Connected Health™ platform. The PVC-RAM 1 study demonstrated a 24% reduction in medication errors, 14% fewer pain reports, and 5% lower re-admission rates among over 900 patients post-surgery. This innovative approach addresses ongoing healthcare challenges exacerbated by COVID-19, enhancing patient outcomes and healthcare delivery efficiency. The findings may drive broader adoption of RPM in Canada and the US.
Cloud DX Inc. (TSXV:CDX) has successfully closed a brokered private placement led by Echelon Wealth Partners. The offering raised $2,192,000 by issuing 2,192 units, each consisting of a C$1,000 unsecured convertible debenture and 1,430 warrants. The debentures mature in 36 months with a 10% annual interest rate and can be converted at C$0.35 per share. The funds will be used for sales, marketing, R&D, and working capital. All securities are subject to a four-month hold period. Final approval from the TSX Venture Exchange is pending.
Cloud DX (TSXV:CDX)(OTCQB:CDXFF) has appointed Simon Selkrig as Chief Financial Officer, enhancing its leadership team amid expansion plans for its Connected Health platform across North America. With over 20 years of finance experience in diverse sectors, Selkrig will oversee finance, tax, capital, and investor relations. The previous CFO, Stephanie Bird, remains as an Executive Consultant. CEO Robert Kaul expressed confidence in Selkrig’s expertise, particularly in e-commerce and mergers & acquisitions. The next investor update is scheduled for October 12, 2021.
Cloud DX has launched a patient-first program in collaboration with Prizm Media to enhance access to remote patient monitoring (RPM) for individuals with chronic illnesses across the US, specifically targeting states like Illinois, New Jersey, and Florida. The program aims to connect up to 2,000 seniors to Cloud DX's Connected HealthTM platform, potentially generating US$1.4 million in annual revenue at a 75% gross margin. The partnership will streamline enrollment processes, benefiting healthcare accessibility for patients in need.
Cloud DX announces that Dr. Sonny Kohli, the Chief Medical Officer, will join the IEEE SA Telehealth IC Working Groups to help create global standards for telehealth. This participation reflects the company's innovation in virtual care, influencing how new technologies are approved by regulatory bodies like Health Canada and the US FDA. Additionally, CFO Stephanie Bird will leave the company effective September 30, 2021, for a new opportunity, prompting a search for a new CFO.
Cloud DX (TSXV:CDX)(OTCQB:CDXFF) has announced its common shares are now eligible for electronic clearing and settlement through The Depository Trust Company (DTC) in the United States. This DTC eligibility will enhance the liquidity of Cloud DX's stock by speeding up trade execution and simplifying share transfers between brokerages. CEO Robert Kaul emphasized that it marks a significant step in building a strong presence in U.S. capital markets. Their remote patient monitoring platform aims to improve healthcare outcomes across North America.
Cloud DX (TSXV:CDX)(OTCQB:CDXFF) reported its second-quarter results for fiscal 2021, highlighting a notable 39% increase in subscription revenue year-to-date and 90% growth for the last three months. Total revenue increased 8% year-to-date, but saw a 40% decline over the past three months due to a significant hardware deployment last year. Gross profit surged 184% year-to-date, despite a 115% rise in operating expenses for the quarter from stock compensation re-evaluation.
Cloud DX (TSXV:CDX)(OTCQB:CDXFF) will host a live webcast to discuss its 2021 Second Quarter Results on August 17, 2021, at 1:30 PM EST. CEO Robert Kaul will provide insights into the company's performance and future outlook. Cloud DX is recognized for its remote patient monitoring solutions, enhancing healthcare delivery and patient outcomes while reducing hospitalizations. The company has received multiple accolades, including the Qualcomm Tricorder XPRIZE and a 2021 Edison Award.
Cloud DX has announced a new revenue sharing partnership with Dagamma to help expectant mothers monitor hypertension during pregnancy. The collaboration aims to provide a guided self-care program, integrating a Cloud DX wireless blood pressure cuff and app via Dagamma's eCommerce platforms, including babydoppler.com and other major retailers.
This partnership targets a market where hypertensive disorders complicate about 10% of pregnancies, addressing a significant health issue linked to maternal and perinatal mortality.
Cloud DX (TSXV:CDX)(OTCQB:CDXFF) announced its second-quarter operating results will be released on August 16, 2021, followed by a live webcast on August 17, 2021, at 1:30 pm ET with CEO Robert Kaul. The company has engaged Generation IACP INC. for market-making services and Mercova Capital for investor relations, focusing on enhancing liquidity and market awareness. The market maker will receive $7,500 monthly, while the IR specialist will earn $3,500 monthly, both subject to a 30-day termination notice.