Ontrak Reaffirms Its FY23 Estimate Of Revenue In The Range Of $12M-$14M
Portfolio Pulse from Benzinga Newsdesk
Ontrak, Inc. has reaffirmed its financial outlook for the fiscal year 2023, maintaining its revenue estimate in the range of $12 million to $14 million. This projection is based on existing and planned enrollment launches, anticipated program expansions with current health plan partners, and current expectations with existing customers regarding outreach pool, budget considerations, and timing of expansions.
November 14, 2023 | 9:28 pm
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Ontrak reaffirms its FY23 revenue guidance of $12M-$14M, reflecting stability in its business operations and potential growth from enrollment launches and program expansions.
Reaffirming revenue guidance typically instills confidence in investors, suggesting that the company is on track to meet its financial targets. This can be seen as a positive signal for the company's performance and may lead to a short-term positive impact on the stock price.
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