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CloudMD Software & Services Inc - DOCRF STOCK NEWS

Welcome to our dedicated news page for CloudMD Software & Services (Ticker: DOCRF), a resource for investors and traders seeking the latest updates and insights on CloudMD Software & Services.

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 CloudMD Software & Services'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 CloudMD Software & Services's position in the market.

Rhea-AI Summary
CloudMD Software & Services Inc. (TSXV: DOC) (OTCQX: DOCRF) announces a new multi-service contract with The Ottawa Hospital to provide healthcare services to their 15,000+ team members. The partnership includes access to Nurse Navigation, Employee Family Assistance Plan, and Mental Health Support, showcasing CloudMD's commitment to transforming healthcare delivery.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.71%
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Rhea-AI Summary
CloudMD Software & Services Inc. and Bristol Health launch a Deviceless Remote Patient Monitoring Program, revolutionizing healthcare delivery. The program integrates CloudMD's HealthLYF platform with Bristol Health's EMR system, offering patients seamless and convenient monitoring directly from their smartphones. Through this partnership, over 25,000 Medicare patients can benefit from personalized insights and access to digital health education resources.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.91%
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none
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Rhea-AI Summary
CloudMD Software & Services Inc. provides an update on recent developments and execution of its growth initiatives in the Health and Wellness Services and the Health and Productivity Solutions divisions. The company has reported a transformational year in 2023, focusing on sustainable growth and profitability. CloudMD has seen significant growth in cross-selling, user experience, geographic expansion, and new strategic partnerships. Additionally, the company has successfully concluded the implementation period for its Remote Patient Monitoring service, with a focus on mental health services. CloudMD has also launched enterprise optimization initiatives, aimed at maximizing operating efficiencies and improving operating cash flow. The company continues to focus on enhancing customer experience, innovation & data, employee engagement, and finance. CloudMD's non-GAAP financial measures, such as Adjusted EBITDA and gross margin, are provided to enhance the understanding of the company's financial performance and prospects for the future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.79%
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none
Rhea-AI Summary
CloudMD Software & Services Inc. will participate in the Maxim Healthcare Virtual Conference to discuss their impact on health outcomes and healthcare costs, with CEO Karen Adams and CFO Prakash Patel taking part in a fireside chat. The event will take place on January 24, 2024, at 11:00 am ET.
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News
Rhea-AI Summary
CloudMD Software & Services Inc. (TSXV: DOC) (OTCQX: DOCRF) (FSE: 6PH) held its Annual and Special Meeting of Shareholders on December 15, 2023. Shareholders approved setting the number of directors at seven, re-appointing KPMG LLP as auditors, and re-approving the Company's omnibus equity incentive plan. However, shareholders did not approve the consolidation of all issued and outstanding common shares. Graeme McPhail, Chairman, highlighted the Company's progress and future focus on profitability and business growth in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.63%
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Rhea-AI Summary
CloudMD Software & Services Inc. (TSXV: DOC) (OTCQX: DOCRF) (FSE: 6PH) announced the filing of Restated Q3 2023 Financial Statements and Restated 2022 Audited Consolidated Financial Statements. The company reported a net loss of $5.4 million, an adjusted EBITDA of $0.6 million, and revenue of $22.9 million for Q3 2023. The updated financial results show a 39.8% gross margin, with no change to the cash position or cash usage in the quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.17%
Tags
earnings
Rhea-AI Summary
CloudMD Software & Services Inc. (TSXV: DOC, OTCQX: DOCRF, Frankfurt: 6PH) reported a net loss of $5.8 million, the fourth consecutive quarter of profitability improvement. Adjusted EBITDA positive a quarter ahead of guidance, with revenue of $23.6 million, driven by 10% year over year organic growth in the Health and Wellness division. Gross margin above 35% for the fourth consecutive quarter, with $1.0 million in additional annualized savings identified in the quarter.
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Rhea-AI Summary
CloudMD Software & Services Inc. (DOC) will release its financial results for Q3 2023 on November 29, 2023, followed by an earnings conference call and webinar on November 30, 2023. The company aims to provide innovative health services and transform care delivery.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.12%
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earnings
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News
Rhea-AI Summary
CloudMD Software & Services Inc. (DOC) announces a delay in the release of its financial results for Q3 2023, with the new expected date on or before November 29, 2023. The delay is due to the Company's auditor, KPMG LLP, requesting additional time to complete its review procedures. CloudMD is working with its auditor to finalize the date for the earnings call and will provide further details as they are confirmed.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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earnings
Rhea-AI Summary
CloudMD Software & Services Inc. (TSXV: DOC, OTCQX: DOCRF, Frankfurt: 6PH) announces the release of its Q3 2023 financial results on November 23, 2023, along with an earnings conference call and webinar. The company is transforming the delivery of care in the health services sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.75%
Tags
earnings
CloudMD Software & Services Inc

OTC:DOCRF

DOCRF Rankings

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19.87M
304.25M
0.14%
0.47%
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