NASDAQ$OPRX

OptimizeRx Corporation · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported results for the fourth quarter and full year ended December 31, 2022.

OptimizeRx reported its Q4 and full year 2022 financial results, highlighting the challenges faced due to macro headwinds and the strategic shift towards advanced solutions like RWD-AI. Despite a conservative outlook for 2023, the company sees positive momentum with several RWD-AI deals and anticipates a return to double-digit revenue growth.

  • OptimizeRx faced challenges due to macro headwinds in 2022.
  • The company strengthened its platform and team around advanced solutions, particularly RWD-AI.
  • OptimizeRx exited 2022 with six RWD-AI deals and a growing RWD-AI pipeline.
  • The company anticipates a return to at least double digit revenue growth in 2023.

Headline financials

Total Revenue

$19.7M

Previous: $20.3M-3.2%
EPS (adj)

$0.25

Previous: $0.22+13.6%
Capital Expenditures

$16.3K

Previous: $37.8K-56.7%
Free Cash Flow

$2.79M

Previous: -$1.37M+303.1%
Net Income

-$326K

Previous: $600K-154.3%
Operating Income

-$864K

Previous: $8.5M-110.2%
Gross Profit

$12.5M

Previous: $12.4M+0.6%
Cash & Equivalents

$18.2M

Previous: $84.7M-78.5%
Total Assets

$135M

Previous: $141M-4.5%
Stock-Based Comp

$4.27M

Previous: $3.13M+36.4%

Revenue & EPS history

OptimizeRx · Revenue · Quarterly

$19.7M

Q4 2022-3.2%vs Q4 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

For the full year 2023, OptimizeRx expects net revenues to increase at least 10% year-over-year, and gross margins to be between 58% and 62%. OptimizeRx is providing revenue guidance for its fiscal first quarter ending March 31, 2023 and is looking for revenue to come in between $11.5 million and $13 million.

Tailwinds

  • Net revenues are expected to increase at least 10% year-over-year in 2023.
  • Gross margins are expected to be between 58% and 62% in 2023.
  • Revenue guidance for Q1 2023 is between $11.5 million and $13 million.
  • The company anticipates a return to at least double digit revenue growth in 2023.

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 Q4 2022

Historical avgQ4 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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