Ontrak Announces 2020 Fourth Quarter and Year End Financial Results
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Ontrak (OTRK) Tops Q4 EPS by 3c; Offers FY21 Revenues Guidance Above Consensus
March 9, 2021 4:13 PM ESTOntrak (NASDAQ: OTRK) reported Q4 EPS of ($0.27), $0.03 better than the analyst estimate of ($0.30). Revenue for the quarter came in at $29.3 million versus the consensus estimate of $29.2 million.
Fourth Quarter 2020 Financial Results Highlights
Revenue for the fourth quarter of 2020 was $29.3 million, representing a 149% increase compared to the same period in 2019 and a 22% increase from the prior quarter.Operating loss for the fourth quarter of 2020 was $(1.8) million, yielding an operating loss margin of (6)% compared to an operating loss of $(7.0) million for the same period in 2019, yielding an operating loss margin of (60)%. Operating... More