Cloud DX Inc. (V:CDX)
Business Focus: Medical Equipment, Supplies & Distribution (NEC)
You may also be interested in
Insider Filings
Latest 10 SEDI filings for CDX within the last 6 months
See all filings within the past 6 months
Read full article
Read full article
See more news stories
See all valuations
See Short Report
Loading...
Company News
Apr 30, 2024 10:04 ET
Cloud DX Reports Significant Revenue and Profit Growth in 2023
Cloud DX CEO Robert Kaul joined Steve
Darling from Proactive to discuss the company's impressive
performance in its 2023 full-year results. Notably, Cloud DX reported
a substantial 55.4% increase in revenue, reaching $1.8 million. A key
driver of this growth was the remarkable surge in subscription
revenue, which soared by nearly 70%, surpassing the overall revenue
increase. This shift towards subscription revenue, characterized by
high margins exceeding 90%, has significantly bolstered profitability,
with gross profit doubling to $1.2 million, reflecting a remarkable
112% increase.
Apr 29, 2024 13:29 ET
Cloud DX Reports FY2023 Results
Highlights include 55.4% increase in total revenue, 69% increase in subscription revenue, 112.8% increase in gross profit, and 20.4% reduction in operating loss compared to FY2022.
Valuation Ratios
Industry
Sector
Beta
N/A
--
--
Price to Sales - TTM
7.09
4.11
3.81
Price to Book - most recent quarter
--
2.92
2.23
Price to Cash Flow per share - TTM
--
--
9.81
Price to Free Cash Flow per share - TTM
--
--
12.85
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 15, 2024 | 42,148 | 14,027 |
| Mar 31, 2024 | 28,121 | 27,397 |
| Mar 15, 2024 | 724 | 500 |
Business Summary
| Sector: Healthcare | Industry: Medical Equipment, Supplies & Distribution |
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.
See business summary
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Canadianinsider.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Read more...Insider information is based on filings made on the System
for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission.Read less
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Interactive technical study charts by TradingView. Copyright © 2024 INK Research Corp. All rights reserved. All trade-marks or trade names not owned by INK Research Corp. are the property of their respective owners.