OptimizeRx Corporation (OPRX)

[4retire]

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.