Wall Street Researcher

CLOUD DX

CDXFF OTCQB – CDX TSXV

Remote Healthcare Services

Revs + 22%

 Register For Earnings Conf Call – Monday  MAY 2,  12 NOON

Fact Sheet

Financial Release

These shares have broken above their 100 day M/A and trading at its yearly high . Positive financials are expected which we feel could propel these shares significantly higher.

Demand for new virtual care apps and remote patient monitoring is leading these shares higher. Record breaking Q1 will be announced shortly and it is important to listen to a recap on Monday May 2, 2002. Please register here

We feel that a BUYING OPPORTUNITY is now at hand . All serious investors must place these shares on their BUY LIST and watch carefully for an UPSIDE BREAKOUT

Please Register for CLOUD DX Full Year 2021 Earnings  Conference Call and Business Update for 2022. Please contact me with your questions and comments. Thank you.

Investor Contact – Gary Zwetchkenbaum- Plum Tree Consulting LLC Cell :    516 – 455-7662 – EMAIL – gzplumtree@gmail.com 

WEBSITE   PULSEWAVE DEVICE

Cloud DX Reports Fiscal 2021 Annual Results

KITCHENER, ON / ACCESSWIRE / May 2, 2022 / Cloud DX (TSXV:CDX) (OTCQB:CDXFF), (the “Company”) a leading North American provider of virtual care and remote patient monitoring solutions today reports results for the full year 2021.

Key Developments:

  • Subscription Revenue of $369,863 was 23% higher for the year compared to 2020.
  • Product Revenue of $292,344 was 59% lower due to timing of equipment orders.
  • Total Revenue of $782,297 was 33% lower due to lower Product Revenue.
  • Government funding was $1,205,085 (vs $1,395,016 in 2020).
  • Overall, new and existing contract activity was negatively impacted by Delta and Omicron waves in Q3 and Q4, 2021 which slowed some adoption.
  • Operating Expenses increased 53% due to hiring of key staff, one-time share-based compensation increase as part of the QT and a one-time impairment in Inventory.
  • New partnerships in the fourth quarter, including with Medtronic Canada resulted in potential increased access to over 1,000,000 patients.

2021 Annual Financial Highlights

Revenue

For the year ended December 31, 2021, the key metric of subscription revenue increased 22.8% from $301,213 to $369,863. Overall revenue was lower by $381,498 or 32.8% due primarily to delays in some product orders, which won’t be recognized until 2022. Professional and other revenue was lower by $32,585 or 21.3% due primarily to COVID waves in Q3 and Q4 which paused some contracts (please see Audited Consolidated Financial Statements). Government grant funding was $1,205,085 in 2021, a 13.6% reduction from 2020 due primarily to the completion of an Ontario Centre for Innovation (OCI)-funded project.

Expenses

Operating expenses increased $3,730,325 or 53.4% in the year ended December 31, 2021, mainly due to the Company focusing on implementing infrastructure to support scaling of the business. Due to hiring additional employees in 2021, salaries and wages increased by $2,165,288 or 60.6%. One-time costs include an increase of $672,122 in share-based compensation at the QT, and a $289,160 impairment to Inventory. Research and development expenses fell by $76,643 or 13.9% between 2020 and 2021 due to completion of the initial phases of the NGEN Project in 2020. Please see Audited Consolidated Financial Statements for more details.

Customer Statistics

Cloud DX has seen access to available patients suited to its remote patient monitoring products increase due to the execution of 12 contracts over the course of 2021. In particular, contracts with Lung Health Ontario, Hamilton Health Sciences, University of Waterloo and 8 US clinics with partner Maxwell Telecare showed accelerating growth in the period. On December 1, 2021, the Company announced an exclusive contract with Medtronic Canada, under which that company (subsidiary of Medtronic PLC (NYSE:MDT)) agreed to integrate Cloud DX Connected Health into all its main lines of business in Canada. Medtronic stated that they serve up to 1,000,000 patients in Canada annually.

Subsequent Events

From January 1, 2022 to date, the Company has announced 12 new commercial contracts and the extension of 2 provincial/territorial government contracts, a performance that matches productivity in all of 2021.

About Cloud DX

Accelerating virtual healthcare, Cloud DX is on a mission to make healthcare better for everyone. Our Connected Health TM remote patient monitoring platform is used by healthcare enterprises and care teams across North America to virtually manage chronic disease, enable aging in place, and deliver hospital-quality post-surgical care in the home. Our partners achieve better healthcare and patient outcomes, reduce the need for hospitalization or re-admission, and reduce healthcare delivery costs through more efficient use of resources. Cloud DX is the co-winner of the Qualcomm Tricorder XPRIZE, a 2021 Edison Award winner, a Fast Company “World Changing Idea” finalist, and was named a “New Innovator 2022” by Canadian Business magazine. Cloud DX is an exclusive virtual care partner to Medtronic Canada and Equitable Life.

INVESTOR PRESENTATION

The investor presentation will cover:

  • Updates on new contracts as part of our Medtronic partnership;
  • Details on our proprietary app, AcuScreen, launched in 2021, enabling any smartphone to detect Tuberculosis;
  • A recap of Q4 2021 followed by a dive into Q1 financials that kicked off 2022 with a record number of contracts signed.

Event | Investor Update

Date | May 2, 2022

Time | 12 pm, Noon, EST

Please register – Register For Earnings Conf Call – Monday  MAY 2,  12 NOON

Cloud DX Signs Clinic in Illinois Strengthening Position in the US

Cloud DX Signs Clinic in Illinois Strengthening Position in the US
Growing its partnership, Cloud DX welcomes the sixth Maxwell clinic this year

News in Summary

  • Total of 12 clinics onboarded as part of Cloud DX’s partnership with Maxwell Telecare
  • Cloud DX has doubled its Maxwell clinic growth from 2021, only 4 months into 2022
  • Reimbursed US Medicare and Medicaid programs can impact 33% of adults1

KITCHENER, ON / April 27, 2022 / Cloud DX (TSXV:CDX) (OTC:CDXFF), a leading Virtual Care platform, announces a contract with a Maxwell primary care clinic in Northbrooke, Illinois, USA. The clinic will use Cloud DX’s platform and its Connected Health™ kits to support patients with chronic conditions, representing approximately 350 of its 2000 patient load.

As part of the partnership, this latest contract is the sixth Maxwell contract this year (2022), bringing the partnership total to 12 since signing last year (March 2021). The Maxwell clinics serve more than 25,000 patients who qualify for remote physiological monitoring reimbursable or chronic care management by Medicare and/or private insurance. Cloud DX expects to earn approximately $900 CAD in annual recurring revenue (ARR) per patient under said US reimbursement codes.

Robert Kaul, CEO and Founder of Cloud DX, states “We’ve doubled our adoption rate across the US clinic from last year, in just a few months. As the world navigates returning to normalcy, Remote and Virtual Care is one good thing that came out of the pandemic. The evidence is clear and irrefutable. For providers, lowering hospitalizations and re-admissions offloads systematic pressures and reduces care penalties. For patients, it means better lifestyles and outcomes. Virtual care and remote patient monitoring is truly a win-win for the healthcare industry. Working with partners like Maxwell that understand the clear benefits for all means we can make healthcare better, more quickly, and for more people. We’re thrilled to see the exponential growth across their US network.”

  1. Hajat, C., & Stein, E. (2018). The global burden of multiple chronic conditions: A narrative review. Preventive medicine reports, 12, 284-293.https://doi.org/10.1016/j.pmedr.2018.10.008

About Cloud DX

Accelerating virtual healthcare, Cloud DX is on a mission to make healthcare better for everyone. Our Connected Health TM remote patient monitoring platform is used by healthcare enterprises and care teams across North America to virtually manage chronic disease, enable aging in place, and deliver hospital-quality post-surgical care in the home. Our partners achieve better healthcare and patient outcomes, reduce the need for hospitalization or re-admission, and reduce healthcare delivery costs through more efficient use of resources. Cloud DX is the co-winner of the Qualcomm Tricorder XPRIZE, a 2021 Edison Award winner, a Fast Company “World Changing Idea” finalist, and was named a “New Innovator 2022” by Canadian Business magazine. Cloud DX is an exclusive virtual care partner to Medtronic Canada and Equitable Life.

Neither PSN or WSR nor its owners, members, officers, directors, partners, consultants, nor anyone involved in the publication of this website, is a registered investment adviser or broker-dealer or associated person with a registered investment adviser or broker-dealer and none of the foregoing make any recommendation that the purchase or sale of securities of any company profiled in the PSN or WSR website is suitable or advisable for any person or that an investment or transaction in such securities will be profitable. The information contained in the PSN  or WSR website is not intended to be, and shall not constitute, an offer to sell nor the solicitation of any offer to buy any security. The information presented in the PSN  or WSR website is provided for informational purposes only and is not to be treated as advice or a recommendation to make any specific investment. Please consult with an independent investment adviser and qualified investment professional before making an investment decision.. All Reports are reviewed for accuracy and concur that any conclusions made are reasonable expectations. The term Buy List referring to a Watch List and not a recommendation to buy . Each individual has their own risk level and should know their risk level and act accordingly