Ontrak(US:OTRK)2025-05-20 20:05Financial Performance - Q4 2024 revenue was $3.1 million, an 11% decrease year over year; full year revenue was $10.8 million, down 15% year over year[5]. - Q4 2024 operating loss was $(4.4) million, a 16% improvement from $(5.2) million in Q4 2023; full year operating loss was $(17.8) million, a decrease of 16% year over year[6]. - Q4 2024 Adjusted EBITDA improved to $(2.8) million, a 20% improvement year over year; full year Adjusted EBITDA was $(12.8) million, a 13% improvement year over year[5]. - The company experienced a net loss of $(5.2) million in Q4 2024, compared to a net loss of $(6.4) million in Q4 2023[6]. - Non-GAAP net loss for the full year 2024 was $(15.4) million, compared to $(24.9) million for the prior year[10]. - Revenue for Q4 2024 was $3,146 million, a decrease of 11.1% from $3,539 million in Q4 2023[27]. - Gross profit for the year ended December 31, 2024, was $6,824 million, down 22.4% from $8,800 million in 2023[27]. - Operating loss for Q4 2024 was $4,363 million, compared to a loss of $5,213 million in Q4 2023, showing an improvement of 16.3%[27]. - Net loss attributable to common stockholders for the year ended December 31, 2024, was $79,015 million, significantly higher than $36,874 million in 2023[27]. - Adjusted EBITDA for the year ended December 31, 2024, was $(12,825) million, an improvement from $(14,730) million in 2023[35]. Cash and Liabilities - Cash and restricted cash at the end of Q4 2024 was $5,710 million, down from $9,701 million at the end of Q4 2023[32]. - Total current liabilities increased to $8,780 million in 2024 from $3,942 million in 2023, reflecting a rise of 123.4%[30]. - Stock-based compensation expense for the year ended December 31, 2024, was $3,920 million, an increase of 32.8% from $2,948 million in 2023[32]. - Total assets increased to $21,075 million in 2024 from $19,846 million in 2023, representing a growth of 6.2%[30]. - Weighted-average common shares outstanding increased to 4,643 million in 2024 from 744 million in 2023, a significant rise of 524.3%[39]. Membership and Contracts - Total enrolled members in the WholeHealth+ program decreased to 1,409 at the end of Q4 2024 from 1,758 at the end of Q4 2023[10]. - The callable outreach pool for WholeHealth+ was 4,908 at December 31, 2024, down from 6,689 at September 30, 2024[10]. - The company signed a new agreement with Intermountain Health to deliver WholeHealth+ to approximately 2,300 Medicare Advantage members[10]. - A three-year contract extension was announced with Sentara Health Plans following several expansions in 2024[5]. Future Outlook - For Q1 2025, the company estimates revenue in the range of $2.0 million to $2.3 million[13].