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