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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 has won a 2-year contract to provide digital Remote Patient Monitoring (dRPM) hardware and services to Alberta Health Services (AHS), with a 1-year renewal option. This is their 21st contract or extension announced in 2023, compared to 28 in 2022. Cloud DX's dRPM solution has been shown to reduce hospital admissions and improve healthcare outcomes.
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Cloud DX Inc. has closed its non-brokered private placement offering of convertible debentures, raising $3,546,000. A second tranche is expected to raise approximately $454,000. Insiders of the company subscribed for a total of 1,533 convertible debentures. The net proceeds will be used for inventory and working capital.
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Cloud DX reports strong financial performance in H1 2023 with significant increases in subscription revenue, total revenue, and gross profit compared to H1 2022.
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Cloud DX to release Q2-2023 financial results on August 29, 2023
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Cloud DX (TSXV:CDX)(OTCQB:CDXFF) reports a 50% increase in the deployment of Connected Health™ Remote Patient Monitoring (RPM) products and services, expecting to enroll up to 500 new patients per year and generate $90,000 CAD in additional revenue. The expansion order replaces the services of a previous vendor and adds post-operative monitoring to the existing deployment for chronic disease management, bringing the total value of this deployment to approximately $260,000 CAD. The Company expects to double its sales performance from 2022 with 19 new contracts or expansions announced in 2023.
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Cloud DX Inc

OTC:CDXFF

CDXFF Rankings

CDXFF Stock Data

9.46M
57.91M
39.38%
Surgical and Medical Instrument Manufacturing
Manufacturing
Link
United States
Brooklyn