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The Company defines non-GAAP net income as GAAP net income (loss) with an adjustment to add back depreciation, amortization, stock-based compensation, acquisition expenses, income or loss related to the fair value of contingent consideration, and deferred income taxes. Non-GAAP EPS is defined as non-GAAP net income (loss) divided by the number of weighted average shares outstanding on a diluted basis

OptimizeRx Reports Third Quarter 2022 Financial Results

OptimizeRx Corp. (the “Company”) (Nasdaq: OPRX), a leading provider of point-of-care technology solutions helping patients start and stay on therapy, reported results for the three months ended September 30, 2022. Quarterly comparisons are to the same year-ago period

By OptimizeRx Corporation
Published - Nov 08, 2022, 04:04 PM ET
Last Updated - Apr 22, 2024, 10:56 AM EDT
  •  Q3 Revenue of $15.1 million, down 6% year-over-year and up 8% quarter-over-quarter
  • Gross profit increased 4% year-over-year to $9.4 million as gross margins increased from 56% to 62%
  • Generated $7.9 million in cash flow from operations during the first nine months of 2022
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