CloudMD Reports First Quarter 2023 Results - Q1 2023 revenue of $26.1 million compared to $25.9 million in Q4 2022
- Q1 2023 gross profit margin1 of 36.1%, 130 bps improvement from the previous quarter
- Q1 2023 Adjusted EBITDA2 loss of $1.6 million, $0.9 million improvement from the previous quarter. Net loss of $7.1 million in Q1 2023.
- Cash and cash equivalents of $18.8 million at the end of Q1 2023
- Multi year contract signings of $2.9 million in annual recurring revenue in Q1 2023
VANCOUVER, British Columbia, May 29, 2023 (GLOBE NEWSWIRE) -- CloudMD Software & Services Inc. (TSXV: DOC, OTCQX: DOCRF, Frankfurt: 6PH) (the “Company” or “CloudMD”), an innovative health services company transforming the delivery of care, is pleased to announce its financial results for the first quarter ended March 31, 2023. All financial information is presented in Canadian dollars unless otherwise indicated.
CloudMD Reports First Quarter 2023 Results Closing the Gap (globenewswire.com)