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    OTRK   US6833731044

ONTRAK, INC.

(OTRK)
  Report
Delayed Nasdaq  -  04:00 2022-11-29 pm EST
0.4030 USD   +11.33%
11/21ONTRAK, INC. Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q)
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11/09Transcript : Ontrak, Inc., Q3 2022 Earnings Call, Nov 09, 2022
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11/09•company Pays Off In Full Its $7.5 Million Outstanding Gs Loan Balance; Draws Down A Total Of $11 Million To Date On The Keep Well Agreement &bul : 30 pm ET Today - Form 8-K
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ONTRAK, INC. : Costs Associated with Exit or Disposal Activities (form 8-K)

08/19/2022 | 04:07pm EST

Item 2.05 Costs Associated with Exit or Disposal Activities.

On August 18, 2022, Ontrak, Inc. (the "Company") approved a restructuring plan as part of management's cost saving measures in order to effectively align its resources, manage its operating costs and position it to optimize its business model and help align with its previously stated strategic initiatives.

Under the restructuring plan, the Company intends to reduce approximately 34% of positions and $7.7 million of annual compensation related costs, as well as approximately $3.0 million of annual third party costs. The Company estimates one-time costs of approximately $0.7 million of termination benefits to the impacted employees, including severance payments and benefits. The Company expects to complete the restructuring plan by the end of the third quarter of 2022 and expects to bring back capacity to scale appropriately as new or expanded customer relationships are onboarded from its pipeline.

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All news about ONTRAK, INC.
11/21ONTRAK, INC. Management's Discussion and Analysis of Financial Condition and Results o..
AQ
11/09Transcript : Ontrak, Inc., Q3 2022 Earnings Call, Nov 09, 2022
CI
11/09•company Pays Off In Full Its $ : 30 pm ET Today - Form 8-K
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11/09Earnings Flash (OTRK) ONTRAK Reports Q3 Revenue $2.8M
MT
11/09Earnings Flash (OTRK) ONTRAK Posts Q3 Loss $-0.48
MT
11/09Ontrak Announces 2022 Third Quarter Financial Results
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11/09Ontrak, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended Septe..
CI
11/09Ontrak, Inc. Provides Revenue Guidance for the Year Ending December 31, 2022
CI
10/26Ontrak to Report 2022 Third Quarter Financial Results on November 9, 2022
BU
09/16Ontrak, Inc. : Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Stand..
AQ
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Analyst Recommendations on ONTRAK, INC.
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Financials (USD)
Sales 2022 15,0 M - -
Net income 2022 -62,7 M - -
Net Debt 2022 - - -
P/E ratio 2022 -0,14x
Yield 2022 -
Capitalization 10,9 M 10,9 M -
Capi. / Sales 2022 0,73x
Capi. / Sales 2023 0,29x
Nbr of Employees 241
Free-Float 63,3%
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Mean consensus BUY
Number of Analysts 1
Last Close Price 0,40 $
Average target price 2,50 $
Spread / Average Target 520%
EPS Revisions
Managers and Directors
Terren S. Peizer Executive Chairman & Chief Executive Officer
Brandon H. LaVerne Co-President & Chief Operating Officer
Mary Louise Osborne Co-President & Chief Customer Officer
James J. Park Chief Financial & Accounting Officer
Arik Hill Chief Information Officer