Welcome to our dedicated page for Ontrak news (Ticker: $OTRK), a resource for investors and traders seeking the latest updates and insights on Ontrak stock.
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.
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%
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Rhea-AI Summary
Ontrak, Inc. (NASDAQ: OTRK) will report Q3 2023 financial results on November 14, 2023, after market close. A conference call will be held at 1:30 p.m. PT / 4:30 p.m. ET. Dial-in information and webcast details can be found at https://ontrakhealth.com/investors/presentations-events.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.87%
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Rhea-AI Summary
Ontrak Health announces promising results of evaluation on the Ontrak WholeHealth+ program
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.78%
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Rhea-AI Summary
Ontrak, Inc. received a letter from Nasdaq stating that it no longer meets the minimum bid price requirement. The company had a 180-day period to regain compliance, but failed to do so. As a result, the Preferred Stock will be delisted from The Nasdaq Capital Market and will be traded in the OTC Markets system.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.14%
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Rhea-AI Summary
Ontrak Health successfully deploys Axiom Systems TransSend Core EDI Gateway, processing over 52 million claim data transactions in August 2023 alone. Estimated to process well over half-a-billion claim data transactions in a year, resulting in reduced turnaround times and 80% savings in data pipeline maintenance costs.
Rhea-AI Impact
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End-of-Day
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Rhea-AI Summary
Ontrak Health announces positive results of a 9-month post baseline follow-up behavioral health study, showing 53-60% reductions in anxiety and depressive symptoms among assessed members.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.3%
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Rhea-AI Summary
Ontrak, Inc. (NASDAQ: OTRK) reported Q2 revenue of $3.0 million and year-to-date revenue of $5.5 million. The company signed a new customer agreement with a regional Medicaid health plan. They completed a reverse stock split at a ratio of 1:6. Ontrak achieved certification as a Credentials Verification Organization (CVO) by the National Committee for Quality Assurance (NCQA). The company remains focused on delivering innovative behavioral health care solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8%
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Rhea-AI Summary
Ontrak, Inc. reveals a substantial increase in new behavioral health diagnoses following enrollment in their WholeHealth+ program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.79%
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Rhea-AI Summary
Ontrak, Inc. (OTRK) announces 1-for-6 reverse stock split to meet Nasdaq compliance. The split will be effective on July 27, 2023, with the stock trading on a post-split basis on July 28, 2023 under the same ticker symbol. The decision was approved by stockholders in February 2023 to address Nasdaq's minimum bid price requirement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.88%
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Rhea-AI Summary
Ontrak, Inc. (NASDAQ: OTRK) Announces Q2 2023 Financial Results Reporting Date and Conference Call Details
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.88%
Tags
Ontrak, Inc.
Nasdaq:OTRK
OTRK Rankings
OTRK Stock Data
11.25M
6.83M
72.75%
13%
3.48%
Offices of Physicians (except Mental Health Specialists)
Health Care and Social Assistance
United States of America
MIAMI
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