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CloudMD Software & Services Inc. (V:DOC)

Business Focus: Software (NEC)

Sector:  Technology Industry:  Software
Company Contact
Address: 2200 HSBC Building
885 West Georgia Street
Tel: N/A
IR: See website
Key People
Karen Adams
President, Chief Executive Officer, Chief Operating Officer, Director
John Plunkett
Chief Financial Officer
Amit Mathur
Director, President - US Operations
Bram Lowsky
Executive Vice President - Head of Health and Wellness
Robin Cooper
Senior Vice President - Partnerships and Growth
Eric Lalonde
Senior Vice President - Customer Success and Growth
Angel Paravicini
Senior Vice President - Business Development and Customer Success
Dhruv Chandra
Chief Technology Officer
Mena Beshay
Global Head, Corporate Development
Business Overview
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.
Financial Overview
For the six months ended 30 June 2023, CloudMD Software & Services Inc revenues decreased 20% to C$46.1M. Net loss before extraordinary items decreased 28% to C$11.7M. Revenues reflect Health and Wellness Services segment decrease of 15% to C$42.9M, Health and Productivity Solutions segment decrease of 5% to C$6.4M, Canada segment decrease of 17% to C$40.3M. Lower net loss reflects Acquisition and divestiture-related.
Employees: 224 as of Dec 31, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $38.43M as of Jun 30, 2023
Annual revenue (TTM): $99.45M as of Jun 30, 2023
EBITDA (TTM): -$6.55M as of Jun 30, 2023
Net annual income (TTM): -$115.32M as of Jun 30, 2023
Free cash flow (TTM): -$16.56M as of Jun 30, 2023
Net Debt Last Fiscal Year: $6.23M as of Jun 30, 2023
Shares outstanding: 302,505,970 as of Sep 19, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization