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Stock impact report

Ontrak Health Announces 2024 Third Quarter Financial Results

Ontrak, Inc. (OTRK) 
Company Research Source: Business Wire
Q3 Revenue of $2.6 million, down 31% year-over-yearQ3 Operating loss of $(5.1) million, a 26% increase year-over-yearQ3 Adjusted EBITDA of $(3.3) million, a 24% decline year-over-yearCompany announces expansion of behavioral health solutions with Sentara Health for Commercial and Marketplace membersCompany begins enrollment of new members into Ontrak's WholeHealth+ solution under a new contract with a large northeast regional health plan and announces expansion of its services with Ontrak Quality solutionCompany announces a reverse split of its common stock at a ratio of 1-for-15, which was effective at 12:01 a.m. Eastern Time on September 23, 2024Company to Host Conference Call at 4:30 pm ET Today  MIAMI--(BUSINESS WIRE)--Ontrak, Inc. (NASDAQ: OTRK) (“Ontrak” or the “Company”), a leading AI-powered and technology-enabled behavioral healthcare company, today reported its financial results for the third quarter ended September 30, 2024.Management CommentaryBrandon LaVerne, Ontrak He Show less Read more
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