Ontrak Q3 2023 Adj EPS $(1.61) Up From $(2.88) YoY, Sales $3.71M Up From $2.84M YoY
Portfolio Pulse from vinayak@benzinga.com
Ontrak Inc. (OTRK) reported improved financial results for Q3 2023 with an adjusted EPS loss of $(1.61), which is better than the $(2.88) loss per share from the same quarter last year. Sales also increased to $3.71M, up from $2.84M in the same period last year, marking a 30.67% increase.
November 14, 2023 | 9:59 pm
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POSITIVE IMPACT
Ontrak Inc. reported a reduced adjusted EPS loss and increased sales in Q3 2023, indicating financial improvement compared to the same period last year.
The reported improvement in both EPS and sales suggests that Ontrak is on a path to recovery, which is likely to be viewed positively by investors. The significant reduction in losses and the increase in sales are key indicators of the company's performance and could lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100