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Sep 30, 2022

OptimizeRx Q3 2022 Earnings Report

OptimizeRx reported Q3 2022 financial results, with a focus on growth in Real World Evidence (RWE) solutions and reiteration of full-year financial outlook.

Key Takeaways

OptimizeRx reported its Q3 2022 financial results, highlighting momentum in Real World Evidence (RWE) solutions. The company reiterated its full-year financial outlook for net revenue between $62 million and $68 million and gross margins between 59% and 62%.

OptimizeRx is seeing significant momentum off the mid-year trough.

The company is gaining traction across its business, particularly with Real World Evidence (RWE) solutions.

OptimizeRx believes executing on RWE opportunities could position them to grow topline by over 20% next year.

The company reiterated its full-year financial outlook for 2022 for net revenue to be between $62 million and $68 million and gross margins to be between 59% and 62%.

Total Revenue
$15.1M
Previous year: $16.1M
-6.4%
EPS
$0.07
Previous year: $0.09
-22.2%
Gross Profit
$9.42M
Previous year: $9.08M
+3.8%
Cash and Equivalents
$41.3M
Previous year: $85.1M
-51.4%
Free Cash Flow
$3.44M
Previous year: $186K
+1748.7%
Total Assets
$136M
Previous year: $135M
+0.9%

OptimizeRx

OptimizeRx

Forward Guidance

OptimizeRx reiterated its full year 2022 financial outlook.

Positive Outlook

  • Net revenue to be between $62 million and $68 million.
  • Year-over-year growth of 1% to 11%, respectively.
  • Gross margins to be between 59% and 62%.