Cloud DX Inc. (V:CDX)
Business Focus: Medical Equipment, Supplies & Distribution (NEC)
| Sector: Healthcare | Industry: Medical Equipment, Supplies & Distribution |
| Company Contact | |
| Address: | 72 Victoria Street South KITCHENER ON N2G 4Y9 |
| Tel: | N/A |
| Website: | https://www.clouddx.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Cloud DX Inc. is a Canada-based remote patient monitoring company that is a Health Canada licensed, United States Food and Drug Administration registered medical device manufacturer and software developer offering a complete end-to-end virtual healthcare platform called Cloud DX Connected Health. The Company has developed and cleared through regulatory agencies a family of proprietary medical devices, each of which collects multiple vital signs. Its customers purchase Connected Health in order to remotely monitor patients with serious chronic illness, including chronic obstructive pulmonary disease (COPD) and congestive heart failure (CHF), as well as patients recovering from surgery and Covid-19 patients decanted from hospitals. Typical the Company's customers include hospitals and provincial health authorities in Canada, and physician practices and hospitals in the United States. |
| Financial Overview |
| For the nine months ended 30 September 2023, Cloud DX Inc revenues increased 33% to C$1.4M. Net loss applicable to common stockholders remained flat at C$7M. Revenues reflect Subscription revenue increase of 75% to C$638K, Product Sales increase of 22% to C$653K, Professional services increase from C$51K to C$123K. Net loss reflects Salaries, wages and benefits decrease of 13% to C$4M (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $20.93M as of Sep 30, 2023 |
| Annual revenue (TTM): | $1.52M as of Sep 30, 2023 |
| EBITDA (TTM): | -$7.19M as of Sep 30, 2023 |
| Net annual income (TTM): | -$10.63M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$7.09M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $11.50M as of Sep 30, 2023 |
| Shares outstanding: | 93,472,400 as of Apr 18, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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