NASDAQ$OPRX

OptimizeRx Corporation · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Reported first quarter 2023 financial results.

OptimizeRx reported a solid start to 2023 with total revenue of $13.0 million. The company's execution remains on pace to meet its 2023 financial and operational objectives.

  • Total revenue was $13.0 million.
  • GAAP net loss per share was $(0.37).
  • Non-GAAP net loss per share was $(0.09).
  • Reaffirmed full year financial outlook for net revenue to increase at least 10% year-over-year.

Headline financials

Total Revenue

$13M

Previous: $13.7M-5.3%
EPS (adj)

-$0.09

Previous: -$0.01-800.0%
Capital Expenditures

-$28.6K

Previous: -$14.5K-97.4%
Free Cash Flow

-$6.43M

Previous: -$3.78M-70.2%
Net Income

-$6.4M

Previous: -$3.76M-70.1%
Operating Income

-$7.06M

Previous: -$3.76M-87.8%
Gross Profit

$7.43M

Previous: $8.1M-8.2%
Cash & Equivalents

$16.4M

Previous: $89M-81.5%
Total Assets

$132M

Previous: $138M-4.7%
Stock-Based Comp

$4.38M

Previous: $3.17M+38.0%

Revenue & EPS history

OptimizeRx · Revenue · Quarterly

$13M

Q1 2023-5.3%vs Q1 2022
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

The Company is reaffirming its full year financial outlook for fiscal 2023 for net revenue to increase at least 10% year-over-year, and gross margins to be between 58% and 62%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+1.3%

Avg return

Earnings day

+4.5%

Avg return

5 days after

+6.2%

Avg return

30 days after

55%

30 / 55 earnings

Positive

+51.7%

Q4 2024

Best reaction

-34.5%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-22.6%-19.7%
Q4 2025-10.5%-11.4%-12.9%
Q3 2025-17.0%-14.7%-24.8%
Q1 2025+20.7%+24.2%+63.6%
Q4 2024+51.7%+99.8%+96.4%
Q3 2024-30.5%-28.1%-14.6%
Q2 2024+1.2%+4.5%-8.9%
Q1 2024+25.0%+20.4%+5.5%
Q4 2023+13.6%+4.9%+20.1%
Q3 2023+13.9%+7.4%+14.1%
Q2 2023-29.3%-32.6%-38.9%
Q1 2023-6.2%-9.1%+2.6%
Q4 2022-14.2%-25.0%-14.5%
Q3 2022+22.2%+51.4%+28.6%
Q2 2022-34.5%-31.6%-33.4%
Q1 2022-2.9%-17.9%-9.9%
Q4 2021+14.0%+2.4%-5.5%
Q3 2021-8.1%-6.6%-36.8%
Q2 2021+20.9%+16.0%+27.7%
Q1 2021+4.4%-11.1%+2.1%
Q4 2020+0.8%-0.2%-17.4%
Q3 2020+6.9%+13.5%+32.6%
Q2 2020+11.0%+10.2%+21.8%
Q1 2020+11.5%+16.0%+33.6%
Q4 2019-26.0%+3.6%-36.8%
Q3 2019-17.6%-19.5%-30.1%
Q2 2019+2.6%+0.8%+13.9%
Q1 2019+18.5%+22.8%+17.7%
Q4 2018+1.1%-0.2%+22.6%
Q3 2018-4.6%-0.7%-5.7%
Q2 2018+15.9%+23.4%+26.7%
Q1 2018+0.0%+7.1%+32.5%
Q4 2017+0.0%+10.7%+14.5%
Q3 2017+15.4%+25.6%+33.3%
Q2 2017+16.4%+9.1%+15.5%
Q1 2017+10.3%+20.6%+17.6%
Q4 2016-10.6%+7.9%+1.3%
Q3 2016-13.3%+0.0%-14.3%
Q2 2016+0.9%+0.0%-3.5%
Q4 2015+3.2%
Q2 2015-3.2%
Q4 2014+2.3%
Q3 2014-4.3%
Q2 2014+8.3%
Q4 2012+11.2%
Q2 2012+5.4%
Q1 2012-10.4%
Q4 2011+0.0%
Q3 2011-1.9%
Q2 2011+20.0%
Q1 2011-15.2%
Q4 2010+0.0%
Q3 2010+15.0%
Q2 2010-10.7%
Q1 2010+1.6%

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