CDX - Cloud DX Achieves nearly 100 % Contract Renewals worth 1.5 million in revenue
(NewsDirect)
Cloud DX CEO Robert Kaul joined SteveDarling from Proactive to unveil some exciting developments as thecompany aims for a 100% renewal rate among its clients whose contractsare expiring in the first quarter of 2024. As of the current date, 11out of 14 potential renewals have been secured, with the remaining 3expected to follow suit.
Cloud DXspecializes in executing contracts with various healthcare providers,offering Connected Health Kits that include approved medical devicesand customized tablet computers. These kits are prescribed to patientsfor chronic care management, post-surgical recovery, remoterehabilitation, or palliative care purposes.
Kaul highlighted the diverse range ofclients renewing their contracts in the first quarter, includingCanadian hospitals, primary care clinics in Alberta, family healthteams in Ontario, community paramedic services in Ontario, theCanadian Lung Health Foundation, and a Canadian Provincial healthministry. These clients collectively enrolled approximately 2,900unique patients in 2023.
With therenewal of these contracts, Cloud DX has received orders for ConnectedHealth Kits valued at $96,000 CAD.Furthermore, recurring subscriptionrevenues from these contracts are projected to increase to $575,000CAD per year, amounting to a total contract value of $1.5 million CADby December 31, 2025. It's worth noting that Cloud DX maintains arobust gross margin of approximately 77%, as indicated in thecompany's most recent Financial Statements.
Overall, thesedevelopments underscore Cloud DX's commitment to advancinghealthcare through innovative technology solutions, while alsosolidifying its position as a leader in theindustry.
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+1 604-688-8158
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