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Dec 31, 2024
OptimizeRx Q4 2024 Earnings Report
OptimizeRx delivered strong revenue growth and improved margins but reported a slight GAAP net loss.
Key Takeaways
OptimizeRx reported Q4 2024 revenue of $32.3 million, up 14% year-over-year, driven by increased demand for its healthcare technology solutions. The company achieved a gross profit of $22.0 million, reflecting a gross margin of 68%. While GAAP net income was nearly breakeven at -$0.1 million, non-GAAP net income totaled $5.5 million. Adjusted EBITDA surged by 53% to $8.8 million, highlighting operational efficiencies.
Q4 revenue increased 14% to $32.3 million.
Gross margin expanded to 68%, with gross profit of $22.0 million.
GAAP net income was nearly breakeven at -$0.1 million.
Non-GAAP net income reached $5.5 million, with adjusted EBITDA up 53% to $8.8 million.
Forward Guidance
OptimizeRx expects revenue of at least $100 million for FY25, with adjusted EBITDA forecasted to be at least $12 million. The company aims to transition its DAAP customers to a subscription model to enhance revenue predictability and margins.
Positive Outlook
- Revenue guidance of at least $100 million for FY25.
- Adjusted EBITDA expected to reach at least $12 million.
- Transition to a subscription model expected to improve margins.
- Continued expansion in pharmaceutical partnerships.
- Strong momentum in digital healthcare engagement solutions.
Challenges Ahead
- Potential headwinds from macroeconomic factors affecting healthcare IT spending.
- Dependency on pharmaceutical manufacturers for revenue growth.
- Transition to subscription-based revenue may take time to scale.
- Regulatory changes in healthcare could impact operations.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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