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Stock impact report

OptimizeRx Corp (OPRX) Q3 2024 Earnings Call Highlights: Revenue Surge and Strategic Shifts ... [Yahoo! Finance]

OptimizeRx Corporation (OPRX) 
NASDAQ:AMEX Investor Relations: optimizerx.com/investors
Company Research Source: Yahoo! Finance
OptimizeRx Corp ( NASDAQ:OPRX ) reported a 30% year-over-year increase in revenue, reaching $21.3 million for the third quarter. The company achieved significant cost savings and operational efficiencies following the integration of acquired businesses. Strong growth was observed in the legacy HCP business, contributing positively to the company's bottom line and cash flow. The company's micro-neighborhood targeting solution is experiencing strong growth, with increased customer engagements. OptimizeRx Corp ( NASDAQ:OPRX ) has expanded its AI capabilities, enhancing its ability to integrate point-of-care and digital media solutions, which positions it well for future market share capture. Despite revenue growth, the company fell short of its expectations for the quarter due to a shortfall in the DTC side of the business. The transition from managed services to a self-service model in the DTC business has not yet offset the decline in managed services revenue. The acquis Show less Read more
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