Logotype for Ontrak Inc

Ontrak (OTRK) investor relations material

Ontrak Q1 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Ontrak Inc
Q1 2025 earnings summary20 May, 2025

Executive summary

  • Q1 2025 revenue was $2.0M, down 25% year-over-year due to a major customer termination, with net loss widening to $9.1M and operating loss at $5.9M.

  • Membership in programs nearly doubled year-over-year to 3,165, with significant growth in both WholeHealth+ and Engage.

  • Callable outreach pool for WholeHealth+ increased 45% to 7,319, reflecting new agreements and expansions.

  • Management has substantial doubt about the company's ability to continue as a going concern without additional capital.

  • Secured a $10M financing commitment from Acuitas Capital LLC and extended NCQA CVO certification through April 2027.

Financial highlights

  • Gross margin for Q1 2025 was 37%, down from 61% in Q4 2024 and 64% in Q1 2024, reflecting revenue loss and member mix shift.

  • Gross profit for Q1 2025 was $0.7M, down from $1.7M in Q1 2024.

  • Cash at March 31, 2025 was $4.1M, down from $5.7M at year-end 2024, with negative working capital of $3.1M.

  • Cash flow from operations was negative $2.7M, improved from negative $3.3M in Q1 2024.

  • Secured debt outstanding under the Keep Well Agreement was $13.5M at quarter-end, increasing to $14.4M after subsequent borrowings.

Outlook and guidance

  • Q2 2025 revenue expected between $2.2M and $2.6M, representing an 8% to 22% sequential increase.

  • Management anticipates doubling run-rate revenue in 2025, driven by new implementations and pipeline conversions.

  • Additional capital is required to fund operations for the next 12 months; inability to secure funding may result in ceasing operations or bankruptcy.

  • Gross margin expected to improve as Whole Health Plus member mix increases, but may fluctuate with new customer launches.

  • The company is actively seeking to expand customer relationships and grow its outreach pool, but success is uncertain.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Ontrak Inc. is a healthcare technology company that provides behavioral health services aimed at improving health outcomes for individuals with chronic conditions. The company uses AI and data analytics to identify, engage, and treat individuals who are struggling with mental health, substance use disorders, and other behavioral health challenges. Ontrak partners with health plans to deliver personalized care programs that focus on reducing medical costs while enhancing patient well-being. The company is headquartered in Henderson, Nevada, and its shares are listed on the NASDAQ.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage