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Posting 1 more time! This is why it crashed yesterday when 8K filed!
$Ontrak (OTRK.US)$ the company said a customer, which represented 62% of revenue in the first half, plans to terminate its contract from 2025.
Shares were down 10% in premarket trading at $2.49.
The healthcare company said that with its remaining customers, it expects annual revenue to be in the range of $9 million to $11 million. In 2023, the company posted revenue of $12.7 million.
Ontrak added that as of Oct. 7, it had five active sales prospects, with an aggregate potential revenue opportunity of $13 million to $15 million per year.
Shares were down 10% in premarket trading at $2.49.
The healthcare company said that with its remaining customers, it expects annual revenue to be in the range of $9 million to $11 million. In 2023, the company posted revenue of $12.7 million.
Ontrak added that as of Oct. 7, it had five active sales prospects, with an aggregate potential revenue opportunity of $13 million to $15 million per year.
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2120Dude : Their customers didn't seem to mind yesterday, but thx just the same.
Trytosaveabit OP 2120Dude : This 8K came out and is what started the price trend downward the rest of the day! So I do believe that the market really cared! Price was 5+ Then filing came out and down it went! But ok and you’re welcome! GL