Company
Cloud DX
CVE:CDX
Cloud DX Inc is disrupting the healthcare market with homegrown solutions. The company provides remote patient monitoring hardware, software and recurring revenue services in a low-friction, reimbursable transaction model, coupled with a sales strategy that is driving rapid adoption among North American healthcare providers. Its Cloud DX Connected Health products were invented and developed in Toronto, Canada and are used by healthcare enterprises and care teams across North America to remotely manage chronic conditions, enable ageing in place and deliver hospital-quality post-surgical care in the home. Cloud DX’s Connected Health platform monitors and reports on physiological data including heart and respiratory rate, blood pressure, oxygen saturation, weight, temperature, and blood glucose levels, along with condition-specific surveys, wound care and connection to the patient via two-way messaging and video visits.
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Digital health tech-enabled healthcare stocks could be a life raft in the choppy seas of a recession, Canaccord Genuity analysts say
“We will bask in the rays of sunlight created by the recent rally but acknowledge that economic storm clouds (and market volatility) could emerge at any moment,” analysts said
Cloud DX increases size of its non-brokered private placement of secured convertible debentures to up to $2.375M due to strong investor demand
The offering will now be for the issuance and sale of up to 2,375 convertible debentures, with each convertible debenture issued at a price of $1,000 per convertible debenture
Cloud DX sees 3Q revenue quadruple as commercial healthcare contracts stack up
In the three months ended September 30, the company saw revenue of $492,390, nearly four times its $124,619 revenue from the same period of 2021
Cloud DX welcomes former Medtronic Canada president Neil Fraser to its board
Medtronic and Cloud DX have close ties, having an exclusive partnership agreement under which the partners co-market Cloud DX Connected Health solutions to hospitals and health authorities across Canada
Cloud DX shares rise after consortium secures finance for patient monitoring project
The project has a total investment of C$12.8 million, including C$5.2 million of Digital Supercluster finance, and will be led by Medtronic and include expertise and technology from a consortium of partners.
Cloud DX receives its sixth Ontario Paramedicine Group contract
The company said the initial funding envelope for this deployment includes up to C$200,000 over 24 months
Cloud DX reveals partnership with digital health firm Medioh to gain access to widely used RPM platform, expand breadth of services
Cloud DX told shareholders that the partnership gives it the ability to expand its reach and breadth of services by offering an RPM platform that is currently one of the most widely used in North America
Cloud DX working with Oxford County paramedics to connect more at-risk patients to remote health monitoring
The service provides Oxford County, Ontario seniors and those with chronic illnesses with extra care in their homes
Cloud DX to complete $1.8M private placement of secured convertible debentures
The North American disruptor in virtual care said it plans to use the net proceeds for inventory and general working capital purposes
CLOUD DX invited to pursue global opportunities at OC IMPACT 2022 in the Dominican Republic
Cloud DX CEO Robert Kaul will introduce new technologies, including the company’s patented AcuScreen Cough Analysis app for detecting tuberculosis at the high-profile event
Cloud DX unveils home care service partnership with CBI Health
"Combining our expertise in remote and virtual care with CBI Health's professional and personal healthcare services, hospitals can discharge patients earlier with confidence," said Cloud DX CEO and founder Robert Kaul
Cloud DX announces appointment of Gaurav Puri to its board
“His experience brings tremendous leadership in the medical field and a track record of advising high-growth medical technology companies, making him a perfect fit for Cloud DX at this stage of our growth," the company's CEO Robert Kaul sai
Cloud Dx reports second quarter 2022 results showing strong growth in new commercial contracts and product revenue
The company said it signed or extended 19 new commercial contracts as of June 30, 2022, an increase of 158% compared to contracts/extensions signed in all of 2021
Cloud DX says to provide enhanced remote monitoring solutions for patients in Canada in partnership with Teladoc Health
The partnership will enable the use of Teladoc Health's Solo virtual care software on Cloud DX's remote patient monitoring platform Connected Health to create a more efficient and more satisfying patient and provider experience
Cloud DX signs contract with Michigan primary care clinic as it continues to scale across US
“With active patient onboarding in nine states, this Michigan contract further deepens Cloud DX's US roots,” the company said
Cloud DX closes previously announced non-brokered private placement of convertible debentures for gross proceeds of $1,970,000
This total is inclusive of $895,014.92 in gross proceeds received from the lenders under the company's secured loan announced on April 26, 2022, representing the total amount of principal and accrued interest previously outstanding under th
Cloud DX completes two-year Ontario FedDev business development program with new contracts and expanded IP to show for it
The company secured 15 new US contracts and 17 new Candian contracts during the program
Cloud DX boosts its contracts 142% year-over-year with signing of fourth paramedic service provider
Cloud DX said an Ontario County paramedic service has selected its Connected Health Platform to introduce remote patient monitoring to the community
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Cloud DX intends to complete non-brokered private placement of secured convertible debentures for aggregate gross proceeds of up to $1.75M
The company said it intends to use the net proceeds of the offering for inventory and general working capital purposes
Cloud DX says number of contracts executed in 1Q 2022 has already exceeded total FY2021 levels
In 1Q 2022, the North American provider of virtual care and remote patient monitoring solutions reported total revenue of $337,263 compared to $302,844 in the same year-ago quarter
Cloud DX signs third paramedical service provider with Peterborough County Paramedics
"Using our Connected Health solution, Peterborough Paramedic teams will improve the lives of community members: from supporting those with chronic conditions, conducting in-person hospital discharge follow-ups after, checking on those manag
Cloud DX reports record subscription revenue in 2021
Subscription revenue increased 23% from 2020 to nearly $370,000 in 2021
Cloud DX strengthens position in the US with signing of Illinois clinic
"We've doubled our adoption rate across the US clinic from last year, in just a few months,” said the company’s founder and CEO Robert Kaul
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Cloud DX enters into definitive agreement for a $500,000 revolving loan
The loan is for a term of 18 months and is secured against the assets of the corporation
Cloud DX strikes second contract with paramedic service provider in Ontario to provide remote patient monitoring
It comes after Cloud DX announced in March this year a 24-month contract with an Ontario paramedic service provider, enabling it to provide Remote Patient Monitoring (RPM) across its serviceable area
Cloud DX closes non-brokered private placement of 180 units of the corporation for gross proceeds of $180,000
Each unit in the private placement is comprised of a C$1,000 principal amount unsecured convertible debenture and 1,430 common share purchase warrants of the corporation
Cloud DX inks new chronic care management contract with primary care clinic in Pennsylvania
The virtual healthcare company said the clinic will use and deploy Cloud DX's Connected Health kits to remotely monitor and support its patients with chronic illnesses, representing over 1,000 of its 2,500 patient load
Cloud DX partners with Sheridan College on medical metaverse research and development
"Working with partners such as Sheridan's Center for Mobile Innovation is essential to push the industry into the future,” Cloud DX co-founder and chief medical officer Dr Sonny Kohli said
Cloud DX announces extension to 2023 of remote patient monitoring contract with “large” Canadian Provincial Health Authority
Under the terms of the contract and extension with the province, Cloud DX receives an upfront payment for each Connected Health Kit delivered to a patient, and then charges a monthly connectivity, software and service fee for each active pa
Cloud DX inks two-year contract with Ontario paramedics for remote patient monitoring
The company said the client has purchased 223 Connected Health kits totalling about C$145,000, with additional recurring fees for subscription software services
Cloud DX inks two contracts with US primary care clinics
The company said the new contracts will contribute to a record-setting quarter for Cloud DX, bringing the total signed contracts this quarter to 12
Cloud DX signs new palliative contract with healthcare team Ontario
The team will use the company’s Connected Health kits and software services for up to 85 palliative patients
Cloud DX closes non-brokered private placement of 260 units for gross proceeds of $260,000
Each unit is comprised of a C$1,000 principal amount unsecured convertible debenture and 1,430 common share purchase warrants of the corporation
Cloud DX says granted new patent for Pulsewave 2.0 Vital Sign Monitor
The wrist-worn device stands to be the first at-home clinical-grade vital signs monitor to capture diagnostic-quality blood pressure, heart rate, heartbeat irregularities, and respiration status simultaneously
Cloud DX inks exclusive 18 month contract with university nursing school in Portland, Oregon
"Patients love our Connected Health platform and Healthcare educators do too," said Robert Kaul, the company's CEO and founder
Cloud DX issues update on its partnerships, new contracts, and contract renewals in 2022
As of March 1, the company said it has booked C$1.2 million in new business, including its first Medtronic partner contract for Chronic Obstructive Pulmonary Disease therapy support at St. Mary's General Hospital in Ontario
Cloud DX and Medtronic sign first contract with Ontario Hospital
"It is clear this partnership between two renowned providers of healthcare services is an indication of things yet to come - especially when looking into how much more Virtual Care we can expect moving forward,” Cloud DX CEO and founder Rob
Cloud DX reports high satisfaction among post-surgical remote monitoring patients at Kingston Health Science Centre
Among the 206 patients surveyed, 96% strongly indicated they were satisfied with remote patient monitoring and would recommend the program to a friend or family member
Cloud DX announces deal with Equitable Life to deliver new remote monitoring benefits for critical illness clients
"Insurers such as Equitable Life play a vital role in helping people manage financially through their illness, get back on their feet and manage the long-lasting effects of their illness," Cloud DX founder and CEO Robert Kaul said
Cloud DX named Innovation Leader on the Canadian Business New Innovators List
The company is being cited for pushing the boundaries of medical device technology with smart sensors, ease of use, artificial intelligence, and incredible design
Cloud DX launches its Cloud XR division to support the emerging medical metaverse
It is pursuing opportunities to deliver its Virtual Clinician Assistant in an eXtended Reality platform consisting of its VITALITI continuous vital sign monitor and Connected Health software platform to render realistic 3D holographic image
Cloud DX remote monitoring wins high patient approval rating from patients at The Ottawa Hospital
A high 97% of post-surgical patients using Cloud DX’s Connected Health for at-home monitoring indicated high satisfaction and said they would recommend the program to friends and family
Cloud DX announces updated terms to C$3M placing of convertible debenture units
Echelon Wealth Partners Inc is acting as lead agent and sole book runner for the placing, which will see the issue of up to 3,000 convertible debenture units of the company, each comprising C$1,000 principal amount and 1,430 (previously 1,2
Cloud DX receives new partnership funding for clinical research of its Pulsewave 2.0 wrist-worn vital sign monitoring device
The research will be conducted with the Department of Cardiology at the New Brunswick Heart Center at the Saint John Regional Hospital (SJRH), part of the Horizon Health Network