NASDAQ$OPRX
OptimizeRx Corporation · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported third quarter results above expectations, driven by momentum in the Dynamic Audience Activation Platform (DAAP) and increased guidance for 2023 and introduced guidance for 2024.
OptimizeRx reported strong third-quarter results, exceeding expectations due to the increased utilization of their Dynamic Audience Activation Platform (DAAP). The company's total DAAP deals for the year reached 16. They also completed the acquisition of Medicx Health after the quarter ended. The company increased its guidance for 2023 and introduced preliminary guidance for 2024.
- Total revenue reached $16.3 million.
- GAAP net loss per share was $(0.17).
- Non-GAAP net income per share was $0.09.
- Total DAAP deals for the year now stands at 16.
Headline financials
Revenue & EPS history
OptimizeRx · Revenue · Quarterly
$16.3M
Forward guidance
The company is increasing its guidance for 2023 and introducing preliminary guidance for 2024.
Tailwinds
- Revenue for 2023 is now expected to be between $68 million and $70 million.
- Adjusted EBITDA for 2023 is expected to be between $3 million and $4 million.
- OptimizeRx's pre-acquisition business will account for $63 to $65 million of 2023's revenue guidance.
- Revenue for 2024 is expected to be at least $110 million.
- Adjusted EBITDA margins for 2024 are expected to be at least 10%.
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 Q3 2023
+1.3%
Avg return
Earnings day
+4.5%
Avg return
5 days after
+5.6%
Avg return
30 days after
55%
30 / 55 earnings
Positive
+51.7%
Q4 2024
Best reaction
-34.5%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -22.6% | -19.7% | -17.5% | |
| 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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