Ontrak (OTRK) Tops Q2 EPS by 150c, misses on revenue, reaffirms guidance

Ontrak (NASDAQ: OTRK) reported Q2 EPS of ($1.66), $1.50 better than the analyst estimate of ($3.16). Revenue for the quarter came in at $3 million versus the consensus estimate of $7.5 million.
Guidance:

For the year ending December 31, 2023, the Company reaffirms its estimate of revenue in the range of $12 to $14 million. The foregoing estimate is based on existing and currently planned enrollment launches, currently anticipated program expansions with current health plan partners, current expectations with the Company’s existing customers regarding outreach pool, budget considerations and timing of expansions.

For earnings history and earnings-related data on Ontrak (OTRK) click here.

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