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Ontrak Inc - OTRK STOCK NEWS

Welcome to our dedicated news page for Ontrak (Ticker: OTRK), a resource for investors and traders seeking the latest updates and insights on Ontrak.

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 Ontrak'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 Ontrak's position in the market.

News
Ontrak Announces 2023 Fourth Quarter and Year End Financial Results
Rhea-AI Summary
Ontrak, Inc. (NASDAQ: OTRK) reports Q4 revenue of $3.5 million, up 41% year over year, with a full-year revenue of $12.7 million, down 12%. The company expands services, completes equity financing, and amends its master note purchase agreement. Ontrak receives $1.9 million from the exercise of Public Offering Warrants. The financial results show improvements in operating loss and adjusted EBITDA compared to the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-19.57%
Tags
earnings
-
News
Ontrak to Report 2023 Fourth Quarter Financial Results on April 16, 2024
Rhea-AI Summary
Ontrak, Inc. (NASDAQ: OTRK) will announce Q4 2024 financial results on April 16, 2024, after market close. The conference call will be held at 1:30 p.m. PT / 4:30 p.m. ET. Registration is required for dial-in information or live webcast access.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.86%
Tags
conferences earnings
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News
Ontrak Health Announces the Launch of the Ontrak Advanced Engagement System, Ushering in the Next Era of AI-enabled Behavioral Healthcare
Rhea-AI Summary
Ontrak Health (OTRK) launches the Ontrak Advanced Engagement System, integrating AI with a clinical framework for personalized member engagement. The system boosts member outreach success by 54% and aims to improve Care Coaching efficiency by up to 20%. AI-driven tools like the Risk-based analytics engine, Care Signals Engine, and Next-Best Action Engine enhance care interventions and optimize coaching interactions. The platform also includes AI-driven quality and fidelity assessment tools, data management, and analytics tools, and a Provider Matching Engine for connecting members with suitable providers. Ontrak's technology aims to deliver high-quality care and maximize client ROI.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-17.72%
Tags
AI
News
Ontrak to Participate at the 36th Annual Roth Conference
Rhea-AI Summary
Ontrak, Inc. (NASDAQ: OTRK) will participate in the 36th Annual Roth Conference with a live fireside chat on March 19, 2024, at 4:00 p.m. Eastern Time. The event will be webcasted and available for replay on Ontrak's Investor page.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.41%
Tags
conferences
-
News
Ontrak Health Announces Continuing Expansion with Sentara Health
Rhea-AI Summary
Ontrak Health (OTRK) expands its partnership with Sentara Health in Virginia, offering the WholeHealth+ program to more members. The collaboration aims to provide behavioral healthcare to self-insured groups, showcasing significant growth potential.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.06%
Tags
none
-
News
Ontrak Health Bolsters Strategic Partnership with Sentara Health Plans
Rhea-AI Summary
Ontrak Health expands partnership with Sentara Health Plans in Virginia to support a larger commercial population, quadrupling eligible members for the WholeHealth+ program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.54%
Tags
partnership
News
Ontrak Health Sets New Standard in Behavioral Health Care with Implementation of ReQoL Assessment in the US
Rhea-AI Summary
Ontrak Health introduces the Recovering Quality of Life Assessment (ReQoL) into its WholeHealth+ Product, recognized by Oxford University Innovation Lab. This strategic move highlights Ontrak's commitment to improving mental health care through evidence-based solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5%
Tags
none
-
News
Ontrak Announces 2023 Third Quarter Financial Results
Rhea-AI Summary
Ontrak, Inc. (NASDAQ: OTRK) reports Q3 revenue of $3.7 million, up 31% year over year. The company also raised approximately $5.5 million in a public offering of shares and completed a $16.3 million conversion of secured notes. The company achieved $750 per member per month cost savings for a prominent health plan's members.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.9%
Tags
earnings
-
News
Ontrak, Inc. Announces Closing of $6.3 Million Public Offering, $11 Million Concurrent Private Placement and $16.3 Million Conversion of Secured Notes
Rhea-AI Summary
Ontrak, Inc. (NASDAQ: OTRK) Announces Closing of Public Offering and Private Placement at $0.60 Per Share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.9%
Tags
offering
News
Ontrak, Inc. Announces Pricing of $6.3 Million Public Offering, $11 Million Concurrent Private Placement and $16.3 Million Conversion of Secured Notes
Rhea-AI Summary
Ontrak, Inc. (NASDAQ: OTRK) announced a public offering of 4,592,068 shares of common stock and 9,184,136 warrants at a combined price of $0.60 per share, with an additional private placement to Acuitas of 18,333,333 pre-funded warrants and 36,666,666 warrants at the same price. The gross proceeds from the public offering are expected to be approximately $6.3 million, with net proceeds intended for working capital and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.5%
Tags
offering
Stock OTRK logo
Ontrak Inc

Nasdaq:OTRK

OTRK Rankings

#5234 Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

OTRK Stock Data

16.58M
6.83M
72.75%
13%
3.48%
Offices of Physicians (except Mental Health Specialists)
Health Care and Social Assistance
Link
US
Santa Monica

About OTRK

ontrak, inc. operates as an artificial intelligence powered, virtualized outpatient healthcare treatment company that provides in-person or telehealth intervention services to health plans and other third-party payors. its ontrak pre (predict-recommend-engage) platform predicts people whose chronic disease will improve with behavior change, recommends care pathways that people are willing to follow, and engages people who aren't getting the care they need. the company's technology-enabled, ontrak, program is designed to treat health plan members with unaddressed behavioral health conditions that cause or exacerbate chronic medical diseases, such as diabetes, hypertension, coronary artery disease, copd, and congestive heart failure. the ontrak integrates evidence-based psychosocial and medical interventions delivered in-person or via telehealth along with care coaching and in-market community care coordinators who address the social and environmental determinants of health. the company