|
Post by JHam on May 8, 2020 2:54:12 GMT
Pretty impressive 1Q. I’m surprised the reaction wasn’t better AH: www.businesswire.com/news/home/20200507006092/en/Catasys Announces 2020 First Quarter Financial Results Record Quarterly Revenue of $12.3 Million in Q1 2020, up 81% Year over Year and up 5% from Q4 2019 Effective Outreach Pool Increased to 145,000 in Q1 2020, up 202% Year over Year and up 34% from 108,000 at Q4 2019 Record Quarterly Net Enrollment increase of 1,604 in Q1 2020, up 838% Year over Year, exceeding Company expectations, and increased an additional 1,339 in April 2020 Record Number of Members Enrolled in the OnTrak Program, Exceeding 10,176; up from 6,996 at Q4 2019 Company Reiterates 2020 Revenue Guidance of $90 Million Company to Host Conference Call at 4:30 pm ET Today
|
|
|
Post by actcrazy on May 9, 2020 5:02:51 GMT
Must of been a bad kitty...punished. Buying more on the way down...
|
|
|
Post by JHam on May 9, 2020 5:39:11 GMT
Must of been a bad kitty...punished. Buying more on the way down... The number last quarter are pretty amazing, but I think it was already baked in. The market probably wanted to see them update their guidance, which if you know Terren he never does. This is pretty much what happened last year, and it's amplified now with COVID-19. Investors aren't very forward looking. And when I say forward looking, I mean, past next week, lol. If it is indeed a repeat of last year, then I imagine we'll see this drop significantly more. But that sets up a potential massive run later one when the report the next round of numbers. Especially if they beat guidance before the end of the year. Looking to get back in here at some point.
|
|
|
Post by magnus123 on May 11, 2020 14:50:53 GMT
Culper Update Here is an update by Culper. I do not not like them, but some points do seem legit... The national rollout is still something to be concerned about. If the rollout not comes fast enough, the guidance could be at risk. The rollout rate in April was extremely good on the other hand. The question now is, can they reach the guidance with the actual rollout growth? Can they meet the debt covenants? I would not buy it actually with all this uncertainty.
|
|
|
Post by JHam on May 12, 2020 18:12:52 GMT
|
|
|
Post by magnus123 on Jun 14, 2020 11:33:18 GMT
Anyone currently invested here? I bought some shares at $19 in late May in anticipation for the national rollout announcement.
|
|
|
Post by JHam on Jun 14, 2020 14:24:16 GMT
Anyone currently invested here? I bought some shares at $19 in late May in anticipation for the national rollout announcement. I'm still on the sidelines, but definitely want to get back in at some point.
|
|
|
Post by actcrazy on Jun 14, 2020 16:50:20 GMT
Sitting on about 900 shares all paid for....long! GLTA Here!
|
|
|
Post by lcd on Jun 15, 2020 2:23:14 GMT
I sold a chunk at $30 but still hold a large position.
|
|
|
Post by magnus123 on Jun 19, 2020 17:56:16 GMT
National rollout delayed to mid July.
|
|
|
Post by JHam on Jun 19, 2020 19:08:45 GMT
National rollout delayed to mid July. I don’t think that’s new news is it?
|
|
|
Post by magnus123 on Jun 19, 2020 19:18:24 GMT
National rollout delayed to mid July. I don’t think that’s new news is it? He talked about that in a webcast today. The former guidance was early July. Don't know, if this is really new
|
|
|
Post by JHam on Jun 19, 2020 21:08:49 GMT
I don’t think that’s new news is it? He talked about that in a webcast today. The former guidance was early July. Don't know, if this is really new Ah, OK. Yeah I remember him saying “July” on the last call but I guess it was “early”. Not that big of a deal, but maybe provides a good buying chance. I’m still probably on the sidelines here for another few months, but good luck to all!
|
|
|
Post by JHam on Jun 30, 2020 13:24:57 GMT
|
|
|
Post by JHam on Jul 7, 2020 3:57:20 GMT
Name change for CATS: www.businesswire.com/news/home/20200706005545/en/Catasys, Inc. is now Ontrak, Inc.
July 06, 2020 04:30 PM Eastern Daylight Time SANTA MONICA, Calif.--(BUSINESS WIRE)--Catasys, Inc. (NASDAQ: CATS) (“Catasys” or the “Company”), a leading AI-powered and telehealth-enabled, virtualized outpatient healthcare treatment company, today announced that the company will adopt the name of its market-leading solution, becoming Ontrak, Inc. Effective Tuesday, July 7, 2020, the company’s common stock will trade under the new Nasdaq ticker symbol, OTRK, and the new CUSIP number 683373104. This announcement leverages national brand recognition of the company’s OntrakTM solutions among health plan members, health plan customers, and the company’s network of over 12,000 behavioral health providers. Mr. Terren Peizer, Chairman and CEO of Catasys, stated, “We are excited to announce this important milestone in our company’s growth trajectory. Our second national health plan customer has expanded their business with us nationwide, Q2 Net Promoter Score ratings of our Ontrak Program and Care Coaches demonstrate that customer loyalty has reached record highs at 77 and 83 respectively, and we believe we now have the largest network of behavioral health providers of any healthcare IT company. This marks our transition from the pilot phase of our corporate development into a clinically and economically-proven strategic partner to our customers, members and providers. For years we have been known to these constituencies as Ontrak, and to the investor and analyst community as Catasys. Powerhouse brands consolidate marketing and sales dollars behind a single, iconic brand name and brand identity. The Ontrak brand has tremendous positive equity in the marketplace and we believe that we will scale the business faster and more efficiently by uniting our corporate and product initiatives under the Ontrak master brand. Today we are Ontrak, better together, in every way and everywhere.” OntrakTM solutions are a critical component of the company’s PRETM (Predict-Recommend-Engage) platform that predicts people whose chronic disease will improve with behavior change, recommends care pathways that are effective and that people will follow, and engages people who aren’t getting the care they need. OntrakTM solutions incorporate evidence-based psychosocial and medical interventions delivered either in-person or via telehealth, along with care coaching and in-market Community Care Coordinators who address the social and environmental determinants of health. OntrakTM solutions improve member health and deliver validated cost savings of more than 50% for enrolled members.
|
|
|
Post by magnus123 on Jul 16, 2020 15:20:00 GMT
|
|
|
Post by JHam on Jul 22, 2020 14:55:46 GMT
Cowen initiated coverage for Ontrak with an initial PT of $36. I will not sell even one share:) Cowen is going to have to adjust that PT. Congrats to everyone still in this one.
|
|
|
Post by lcd on Jul 27, 2020 15:03:45 GMT
This is now by far my largest holding for stocks tracked on this board. I have only sold a small percentage of shares when it went over $30 but today it went to almost $39 and August 5 is their Q2 earnings call. It looks like there is over 50% short interest which scares me based on the amount of money I now have in this stock. I am looking to shed some shares this week, but plan to keep the majority of my shares. What are other holders plans heading into next week?
|
|
|
Post by JHam on Jul 27, 2020 15:29:04 GMT
This is now by far my largest holding for stocks tracked on this board. I have only sold a small percentage of shares when it went over $30 but today it went to almost $39 and August 5 is their Q2 earnings call. It looks like there is over 50% short interest which scares me based on the amount of money I now have in this stock. I am looking to shed some shares this week, but plan to keep the majority of my shares. What are other holders plans heading into next week? Congrats for still holding until now. Yeah, it’s a tough call. I don’t own any now, and have pretty much decided not to get back in. I keep going back to my original concern about how they sustain the big numbers of new enrollees if the pool continues to shrink exponentially from the first massive wave of lives. No one has ever answered this question for me, and I don’t see how eventually they don’t hit a wall. I think there is possibly still room to grow here and I could be totally wrong with my assessment. But it is a little too risky for me right now. Good luck with whatever you do here.
|
|
|
Post by lcd on Jul 27, 2020 18:02:54 GMT
I sold about 40% of my holdings in the mid-37's (bought in the low 11's so not too bad) and if it gets back over $38 I should be selling another 30%.
I agree JHam that the big numbers do need to slow down. Lots of comparisons on Twitter to $LVGO but that might be more hopeful than reality.
|
|