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CloudMD Software & Services Inc V.DOC

Alternate Symbol(s):  DOCRF

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 Honeston Feb 24, 2022 11:42am
270 Views
Post# 34458264

Email from Julia Becker

Email from Julia BeckerI appreciate your email. On a macro level the entire small cap and technology market has crashed. The ARK Innovation ETF (NASDAQ:ARRK) which indexes most of main tech stocks on the Nasdaq is down significantly YoY. To put it in direct comparison our peers (WELL,TDOC, SLHG, CARE, MCI, DOC) are all down between 50-80%. We are focused on managing the fundamentals of the business, and continuing to execute on our growth strategy. With the completion of the MindBeacon acquisition, we have a revenue run rate of ~$185 million with double digit organic growth rates, almost $60M cash in the bank, and stronger gross margins. Since the acquisition of MindBeacon, weve created a cost optimization strategy and team to execute on cost synergies to bring us back to profitability in 2022. The value of a company is not only dictated by the stock price, the fundamentals and growth YoY must be taken into consideration, especially when an entire sector is being effected negatively. Since November we have announced the following transformative actions: Patent of RTIP (the technology backbone and data interoperability platform our key differentiator) Record Q3 Financial results, beating the street estimates and reporting profitability Partnership with Sun Life Financial one of the largest insurance companies validating our employer solution to the market Announced acquisition and close of MindBeacon, cost optimalization strategy and integration synergies Graduating to the premier United States based OTC market place, in the great company of Air Canada, Adidas, Danone, Converge, Bombardier, CuraLeaf etc. How we will continue to drive shareholder value: Continue to execute on the integration of our healthcare ecosystem Drive cost synergies and path to profitability in 2022 Significant contract wins to validate our mission Increase our institutional awareness with premier Canadian banks and US-based banks Continue to drive expansion into the US and Globally Regarding VisionPros, our leadership team and Board is aligned and united, and we are doing an extensive review of the situation with the previous sellers. We will provide an update when necessary. The share price is not reflective of the value CloudMD and our leadership team has created, we are well positioned with strong fundamentals to be successful long term. Regards, Julia Becker Vice President, Investor Relations 604.785.0850 julia@cloudmd.ca
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