Ontrak Q2 Adj $(0.09) Beats $(0.10) Estimate, Sales $2.45M Miss $2.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ontrak (NASDAQ:OTRK) reported Q2 losses of $(0.09) per share, beating the $(0.10) estimate, but missed sales estimates with $2.45M in revenue. This represents a significant improvement in EPS from last year but a decline in sales.
August 08, 2024 | 8:25 pm
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Ontrak reported Q2 losses of $(0.09) per share, beating the $(0.10) estimate, but missed sales estimates with $2.45M in revenue. This represents a significant improvement in EPS from last year but a decline in sales.
The beat on EPS is a positive sign, showing improved profitability, but the miss on sales and the YoY decline in revenue could offset this positive sentiment. The mixed results are likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100