Optimizerx Corp Stock Price, News & Analysis

OptimizeRx Corp. (Nasdaq: OPRX) reported a 3% revenue increase to $14.0 million for Q2 2022, driven by new customers and program launches. Gross profit rose 12% year-over-year to $9.0 million, with a gross margin of 64%. However, the company faced a GAAP net loss of $3.9 million, significantly down from a profit of $0.4 million in the same quarter last year. Full year revenue guidance is updated to $62-$68 million, reflecting anticipated industry challenges. Cash reserves totaled $87.4 million as of June 30.

OptimizeRx Corp. (Nasdaq: OPRX) has partnered with Cooler Screens to enhance healthcare advertising strategies through digital media platforms in retail pharmacies. This collaboration aims to boost patient engagement and improve access to affordable medications. Cooler Screens operates over 10,000 screens nationwide, reaching 90 million consumers monthly. The partnership enables agencies to utilize direct-to-consumer marketing strategies that enhance therapy adherence. The collaboration seeks to address the significant issue of medication affordability affecting 18 million Americans, highlighting the importance of accessible healthcare communication.

OptimizeRx Corp. (Nasdaq: OPRX) will host a conference call on August 9, 2022, at 4:30 p.m. Eastern time to discuss its second-quarter results for the period ending June 30, 2022. The financial results will be released prior to the call. The company emphasizes its commitment to enhancing patient engagement and medication adherence through its technology solutions, connecting over 60% of U.S. healthcare providers. Investors can access the call via the provided webcast link or telephone numbers.

OptimizeRx (Nasdaq: OPRX) has significantly enhanced its omni-channel platform through a partnership with Equals 5, providing access to up to 84% of prioritized healthcare providers (HCPs) on social media. This unique collaboration integrates real-world data and social media interaction, enabling targeted physician engagement. The Therapy Initiation and Persistence Platform now offers a true omni-channel reach, encompassing online, electronic health records, and social media platforms like Facebook and Instagram.

OptimizeRx Corp (Nasdaq: OPRX) has successfully integrated its TelaRep solution into its Therapy Initiation and Persistence Platform, enhancing connectivity for healthcare providers (HCPs). Launched in April 2020, TelaRep facilitates direct communication between HCPs and pharmaceutical representatives, now serving over 200,000 in-network providers. The solution’s effectiveness is exemplified by a 37% increase in prescriptions in specific territories. This development addresses the ongoing challenges faced by pharmaceutical sales forces and highlights the growing importance of digital communication in healthcare.

OptimizeRx Corp (Nasdaq: OPRX) announced its participation in three major conferences, including the 42nd Annual William Blair Growth Stock Conference in Chicago from June 6-9, the Stifel 2022 Cross Sector Conference in Boston from June 7-9, and the Roth Capital Partners 8th Annual London Conference from June 21-23. Each event will feature opportunities for management to present and hold one-on-one meetings with investors. OptimizeRx provides critical point-of-care technology solutions to enhance patient therapy adherence.

OptimizeRx Corp (Nasdaq: OPRX) announced that Mike Rousselle, its vice president of data product, has been named one of the 2022 PM360 ELITE 100 in the Data Miners category. Rousselle is recognized for his work in applying AI and ML in healthcare marketing, streamlining engagement with healthcare providers at the point-of-care. Steve Silvestro, CCO, highlighted Rousselle's role in driving innovation and efficiency in data solutions for life sciences clients. The PM360 ELITE Awards celebrate influential figures in healthcare, with 100 winners selected from over 500 nominations.

OptimizeRx Corp (Nasdaq: OPRX) has announced a share repurchase program authorized by its Board of Directors, allowing the company to buy back up to $20 million of its outstanding common stock. CEO Will Febbo indicated this decision reflects the company's commitment to disciplined capital allocation aimed at enhancing shareholder returns. The repurchase aims to strengthen shareholder value while ensuring sufficient working capital for future growth initiatives, including organic growth and potential M&A activities.

OptimizeRx (Nasdaq: OPRX) announced its participation in the RBC Healthcare Conference on May 17-18, 2022, and the B. Riley Annual Institutional Conference on May 25-26, 2022. The company will partake in a fireside chat at the RBC event on May 18 at 2:05 PM ET, and present at the B. Riley conference on May 26 at 9:30 AM PT. Management will also hold one-on-one meetings at both events. OptimizeRx is a leading provider of point-of-care technology that connects patients and healthcare providers to improve medication adherence.