CloudMD Software and Services Inc. (DOCRF)

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CloudMD Reports 2022 Results for the Full Year and Fourth Quarter.

Source
https://finance.yahoo.com/news/cloudmd-reports-2022-results-full-105800036.html?guccounter=1

April 25, 2023

- Full year 2022 revenue of $114.5 million compared to $70.1 million in 2021

- Q4 2022 revenue of $25.9 million compared to $28.1 million in Q4 2021

- Q4 2022 gross profit margin of 34.8%, 30bps improvement from the previous quarter

- Q4 2022 Adjusted EBITDA1 loss of $2.6 million, $0.5 million improvement from the previous quarter. Net loss of $13.0 million in Q4 2022.

- Cash and cash equivalents of $24.1 million at the end of 2022

- Multi-year contract signings of $12.2 million in annual recurring revenue in 2022

- Additional cost reductions of $5.0m annualized were actioned in Q4 2022

Please read the FULL REPORT at:
https://finance.yahoo.com/news/cloudmd-reports-2022-results-full-105800036.html?guccounter=1