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CloudMD Software & Services Inc DOCRF


Primary Symbol: V.DOC

CloudMD Software & Services Inc. is a healthcare service provider. The Company operates through two divisions: Health and Wellness Services (HWS) and Health and Productivity Solutions (HPS). HWS operates through two models: subscription-based pricing using a price per member per month with an average contractual term of three years; and a per-case billing model at an agreed-upon rate for services that are used in disability management, occupational health, and other employer services. HPS division offers health and productivity tools intended to create a better experience for those needing healthcare. The Company’s workplace health and wellbeing solution, Kii, supports members and their families with a personalized and connected healthcare experience across mental, physical and occupational health. Kii delivers superior clinical health outcomes, consistent high engagement, and measurable ROI for payers such as employers, educational institutions, associations, governments and insurers.


TSXV:DOC - Post by User

Post by AlwaysLong683on Jul 05, 2023 12:13pm
157 Views
Post# 35527451

Need New Contracts

Need New ContractsBalance Sheet as at March 31, 2023 is in good shape since they sold off some assets for cash, but their Income Statement shows a decline in revenue vs. March 31, 2022 (expected given the businesses they sold) but incurred a larger operating loss of $6.2M for the quarter. According to TMX money, DOC now has over 300M shares outstanding, which is a lot for a Canadian microcap company. DOC needs to land new contracts so they can boost both revenue and become profitable . When was the last time DOC announced an actual new contract with a new client? So far, it seems they are signing partnerships with other entities, but the online medical services sector is very competitive and it appears DOC is having trouble winning such contracts.
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