This has to be the most foolish management ever. Buying back stocks during the quarter at $14 plus when you know the 10Q results were going to be lousy is just foolish. Could have bought 40% more after latest results. Didn’t they realize the quarterly results were not going to be absorbed well by their current shareholders? Where’s the intelligence?
Just read where OPRX’s board unanimously approved a $15 million share buyback This is on top of the approximately $2 million buyback last fiscal year. It goes without saying that the management and board have no regard as to having a profitable company for their shareholders (current and future).. I can foresee the future…..as cash is whittled down through increases in costs, and now share buybacks, there will be a need for raising capital by a new public offering which will increase share outflow. Unfathomable!!!
Just a few days past the 10K and I am now realizing management’s plan. Drive the pps down through lack of execution, over spending and ineptitude. That way they can buy back more shares for a smaller hit to the bottom line. Sarcasm magnified.
Horrible performance for a reportedly best of breed solution to a potential $10 billion market. Shameful.
Just listened to the OPRX conference call. They've showed decreases in revenues the last two quarters and are forecasting another drop in Q1's (about 11%) revenue. They are forecasting an increase of over 10% growth for this year. That means robust revenues are to be recognized in Q's 2, 3 and 4.
Keep in mind OptimizerX is targeting a $10 billion market. If we, in fact, have the best solution for a customer's ROI, it has to be realized in increased volumes and profits someday. The pace, or lack thereof, is maddening.
Of particular concern is the increased costs that continue to damage the profitability of this company. The COO said costs will increase in Q1/23 as revenues are forecasted to shrink in that quarter . Noteworthy is that they are doing buybacks of their stock. They reduced the share count from barely over 18 million to just above 17 million. This was a 7% reduction but cost the bottom line over $1.2 million. One has to ask why this is deemed significant when the stock has lost so much value over the last 12 months. Wouldn't a profitable OPRX seem more desirable to own than one with a million less shares? This puzzles me.
Found out what happened. Sales peaked while operating expenses soared. Horrible mismanagement of company’s financials. Keep adding costs and continue to be building infrastructure to handle the big boom, if and whenever it comes.
Too long in the game to continue to act like a start up company. Very disappointing
I am starting to see PR's issued by OPRX not appearing on InvestorsHub's website. One was issued on 2/22 and a pre-announcement of earnings was seen on my Iphone today. Supposedly Q4 and year end results are out tomorrow. Sales for Q4 is reported to be upwards of $20 million with only a $600,000 net profit. Growing sales without sustainable profits is a horrible formula....one that is unsustainable IMO.
It's a travesty that a near miss on a quarterly report would cause a 30% drop in the value of this company. It was either highly inflated or people are losing patience in the management to control costs while following their growth strategies.
For example, was there a need to add 32 more sales/marketing personnel this past quarter? There probably was. But, as such, they cannot have less than a stellar fourth quarter in sales and increased profitability. Growth with the absence of profit is dooming to any equity.
Nice growth on the quarterly report. Unfortunately there was huge growth in expenses as well. Would be nice if we could keep expenses level while growing the top and bottom line. Sales were excellent. They keep gearing up for their next expected growth cycle but, in doing so, eliminate robust profitability. Time will tell. In the meantime we’re seeing an 18% decrease in pps since yesterday with today’s activity including after hours
What an amazing run this stock is having. They reached profitability last quarter and that included a very hefty rise in infrastructure expense as they built out the foundation for increased market share while increasing revenues and profits. This upcoming quarterly report could be the catalyst for further advancement in price per share growth.
Profitability!!! Yes. Going to be a great ride going forward
Really looking forward to tomorrow's quarterly report.
JUST IN: $OPRX OptimizeRx Expects Record Revenue Exceeding $10.0 Million in Q3 2020, up 100%
ROCHESTER, Mich., Oct. 13, 2020 (GLOBE NEWSWIRE) -- OptimizeRx Corp. (Nasdaq: OPRX), a leading provider of digital health solutions for life science companies, physicians and patients, reported preliminary unaudited revenue for its third quarter ended September 30, 2020. Revenue f...
Find out more OPRX - OptimizeRx Expects Record Revenue Exceeding $10.0 Million in Q3 2020, up 100%
News: $OPRX OptimizeRx Sales Momentum Continues with Two New Enterprise-level Engagements Added to its Digital Health Platform
ROCHESTER, Mich., July 07, 2020 (GLOBE NEWSWIRE) -- OptimizeRx Corp. (Nasdaq: OPRX), a leading provider of digital health solutions for life science companies and payers, has secured two new SaaS-based enterprise-level engagements that provide the full spectrum of access to the company...
Read the whole news OPRX - OptimizeRx Sales Momentum Continues with Two New Enterprise-level Engagements Added to its Digital Health Platform
I'm surprised no one has posted about the lousy quarter/year that OPRX disclosed. This was prefaced by an article saying how the pipeline is doing well. Expenses grew dramatically and the sales grew at a slower pace. They've ramped up for ???????
News: $OPRX OptimizeRx Sales Pipeline Up 79% to $84 Million in 2019; Company Reiterates Strong Q4 and 2020 Outlook
ROCHESTER, Mich., Dec. 09, 2019 (GLOBE NEWSWIRE) -- OptimizeRx Corp. (NASDAQ: OPRX), a leading provider of digital health solutions for pharmaceutical companies, payers, medtech and medical associations, reported its sales pipeline, which is comprised of outstanding request for proposal...
Got this from OPRX - OptimizeRx Sales Pipeline Up 79% to $84 Million in 2019; Company Reiterates Strong Q4 and 2020 Outlook
News: $OPRX OptimizeRx Sets First Quarter 2019 Conference Call for Wednesday, May 8, 2019 at 4:30 p.m. ET
ROCHESTER, Mich., April 26, 2019 (GLOBE NEWSWIRE) -- OptimizeRx Corp. (NASDAQ: OPRX), a leading provider of digital health messaging for the pharmaceutical industry, will hold a conference call on Wednesday, May 8, 2019 at 4:30 p.m. Eastern time to discuss results for the first quarter ...
Read the whole news https://marketwirenews.com/news-releases/optimizerx-sets-first-quarter-2019-conference-call-for-wednesday-may-8-2019-at-4-30-p-m-et-8066294.html
HLYK could very well be the next OPRX. Same concept in Health Care (Trillion Dollar Market). Already over 2 Hundred Thousand Prescribers!
CEO, Dr. Dent already has proven Himself with Neogenics Inc.
Only .24 cents per share, High insider holdings and low float...Do your Own DD!
BTW, Congrats on this stock!
Only a few us have been paying attention to this stock. Unbelievable how under the radar this stock is. Total shares 11 million? Stock has more than tripled in a year. Buy out on the horizon? Wow...just wow.
That's very interesting. Change of control bonus.......means a sale down the road......interesting indeed.
Their 8K says alot!! Change of control bonus!! what are they hinting at?
“As a universal and new change, the Company’s bonus plan was amended to include a change of control bonus ranging from $0 to up to $750,000, depending on the transaction price, for each of these four executive officers, if a change of control transaction occurs in either 2018 or 2019.”
I see the quote box and historical volumes are working perfectly. Thanks to Admins Tisha and Warren.
My part was itsy bitsy,
Thank you for addressing this.
ADMIN is working on the quote box and historical data (volumes/price). It probably won't be fixed until after the market opens on monday but be assured the problem will be corrected.
I have emailed IHUB on the erroneous reporting (or lack of)on OPRX. As you know, they have not updated the price/volume in days. my response was that I have to be the moderator, or assistant moderator of the OPRX message board to request to have this corrected.
I was somewhat surprised by this......well, maybe not.
This should be a great move! Part of the release:
ROCHESTER, Mich., June 19, 2018 (GLOBE NEWSWIRE) -- OptimizeRx Corp. (NASDAQ: OPRX), a leading global provider of digital health messaging for the pharmaceutical industry, has uplisted to the Nasdaq Capital Market, with its common stock to commence trading on the exchange beginning Friday, June 22, 2018 under the symbol, “OPRX.”
“Joining the Nasdaq Capital Market represents another major milestone for OptimizeRx, following a number of significant events over the last few months,” said company CEO, William Febbo. “After announcing the expansion of our digital health messaging services beyond the ambulatory setting and into hospitals, we reported our sixth consecutive quarter of record revenue. This was soon followed by our first international expansion into Europe with a major partner, building upon our reach to more than half of the ambulatory patient market in the U.S.
“As we continue to demonstrate high ROI from the marketing spend of our pharma clients and strengthen our network of EHR partners, we expect our Nasdaq listing to further elevate our corporate profile, enhance liquidity for our investors, and broaden our shareholder base.”
I know. Congrats to all of us longs. They expect profitability soon and once the Nasdaq listing hits, institutions will notice this little gem. I never publicly predict, but this will be a 10 bagger eventually.......and not too far in the distant future (IMO).
My CRC is hitting. What a GREAT COUNTRY!
Persby - I agree. Quarterly numbers and conference call will be very interesting. NASDAQ around the corner?
COLD. Check out MGX minerals. A huge Lithium/Magnesium and waste water play. They Have a breakthrough Lithium extraction play. Extraction in days vs. many months. Primed to garner revenues shortly. Please do your DD and IMO only. GLTY
AGREED!!! RQHTF is taking off like a rocket ship. I'm not a pumper. Take a look. GLTU.
Check out RQHTF Reliq Health Technologies. Small Microcap Canadian company providing in-home health care to high risk patients.
YES! I am projecting 1.75 plus in the next 3 to 6 months. GLTU
Do think OPRX can hit $4 million this quarter? 3.1 last quarter but 4th quarter is always their best. No volume. This stock could move up quickly.
Watch SRPT, currently at 52 pps, I believe 75 to 100 pps within a year. Their in the DMD space (obviously unmet need arena).