Ontrak Second Quarter 2024 Earnings: Misses Expectations

Ontrak (NASDAQ:OTRK) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$2.45m (down 17% from 2Q 2023).
• Net loss: US$12.5m (loss widened by 39% from 2Q 2023).
• US$0.19 loss per share.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ontrak Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates by 90%.

Looking ahead, revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Healthcare industry in the US.

Performance of the American Healthcare industry.

The company's shares are down 1.5% from a week ago.

Risk Analysis

Be aware that Ontrak is showing 4 warning signs in our investment analysis and 2 of those are significant...

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