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U.S. stock market anomaly | ontrak continues to fall 6% before the market, major customer contract terminated.
October 10th, Grondlok reported that Ontrak, which fell nearly 15% yesterday, continued to decline by 6% pre-market. In terms of news, the company reported that 62% of its revenue in the first half of the year came from one customer and plans to terminate the contract starting in 2025. Estimated annual revenue will be between 9 million and 11 million dollars. Revenue in 2023 was 12.7 million dollars.
Ontrak Inc (OTRK) Q2 2024 Earnings Call Highlights: Navigating Challenges With Strategic ...
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