OTRK Earnings Prediction
The chart below shows how OTRK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, OTRK sees a +21.39% change in stock price 10 days leading up to the earnings, and a -16.26% change 10 days following the report. On the earnings day itself, the stock moves by -3.29%. This data can give you a slight idea of what to expect for the next quarter's release.
OTRK Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.57M
-30.85%
4.81%
Gross Margin
62.05%
-13.83%
-5.37%
Operating Margin
-198.79%
81.73%
20.39%
Net Margin
-217.21%
25.73%
-48.26%
EPS
-1.77
-93.31%
-37.68%
No Data Available
OTRK Earnings Analysis
Ontrak, Inc. Common Stock Corporation (OTRK.O) Earnings Conference Call
Positive
Customer Base Expansion: Ontrak Health reported a significant expansion in customer base, adding approximately 20,000 planned members to its Sentara Health Plans offering.
Market Expansion Success: The company secured two new regional health plan customers and four health plan expansions since January, showcasing its growing market presence.
Gross Margin Performance: In Q3, Ontrak achieved a gross margin of 62%, reflecting strong operational efficiency despite a decrease from 65.6% in Q2 2024.
Average Revenue per Member: The average monthly revenue per health plan enrolled member was approximately $449, indicating a solid revenue stream from existing customers.
Engagement Success Rate: Ontrak's engagement solution has demonstrated a greater than 50% outreach success rate, significantly above the industry standard.
Negative
Revenue Decline Analysis: In Q3, our revenue reached $2.6 million, reflecting a 31% decrease, compared to the same period last year.
Customer Loss Impact: The decrease was due to the loss of a customer at the beginning of the current year.
Operating Cash Flow Comparison: Our operating cash flow for Q3 showed a negative $1.4 million, compared to a negative $1.8 million in the same quarter last year.
Cash Reserves Decline: As of the quarter end, our cash reserves stood at $8 million, representing a decrease from the $9.7 million we had on hand at the conclusion of the previous year.
Revenue Decline Forecast: We anticipate our per member per month revenue to continue to decrease, compared to last year.
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OTRK Earning Call Sentiment
Ontrak, Inc. (OTRK) Q3 2024 Earnings Call Transcript
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OTRK.O
-1.33%Positive
Despite strategic initiatives and potential growth opportunities, the earnings call reveals significant challenges: a 31% revenue decrease YoY, declining gross margins, and liquidity concerns with reduced cash reserves. These outweigh the positive aspects like new customer acquisitions and revenue projections. The lack of a shareholder return plan further dampens sentiment. The Q&A section did not provide substantial positive insights to alter this outlook. Overall, the financial health and market strategy weaknesses suggest a negative stock price movement in the near term.
