Today, Cloud DX has hit another important milestone in our mission to make healthcare better for everyone - we've signed our 4th multi-year contract with another provincial health authority! Cloud DX will provide #RemotePatientMonitoring (RPM) products and services to another provincial health authority, joining Alberta, Yukon, and PEI. "This new Provincial-level agreement cements Cloud DX as the most trusted supplier of remote patient monitoring services in Canada. Published studies have demonstrated that Cloud DX RPM improves health outcomes, reduces the average length of stay in hospital, and drives high levels of both patient and provider satisfaction." - Robert Kaul, CEO, Cloud DX In the 4 months to April 30, 2024 Cloud DX has announced 26 new contracts with hospitals, paramedic services, US clinics and now 2 Canadian Provinces indicating an inflection point in the company's growth. Read more here: https://lnkd.in/gufKup3j Watch CEO Robert Kaul speak about what this means for investors: https://lnkd.in/gXp_xwfp https://lnkd.in/gKg9SmSa
Cloud DX (TSX.V: CDX)
Medical Equipment Manufacturing
Kitchener, Ontario 3,432 followers
Virtual Care Platform (TSX.V:CDX OTCQB:CDXFF) and Remote Patient Monitoring | FDA Registered & Health Canada Licensed
About us
Accelerating healthcare delivery, Cloud DX makes healthcare better for everyone. Our Connected Health™ virtual care platform is used by hospitals and medical clinics across North America to better manage chronic disease, enable aging in place, and deliver hospital-quality post-surgical care. Providers partnering with CloudDX achieve better healthcare and patient outcomes, reduce the need for hospitalization/re-hospitalization, and lower healthcare delivery costs. CloudDX is the co-winner of the Qualcomm Tricorder XPRIZE, a Fast Company “World Changing Idea” finalist, and one of Canada’s top 10 Telehealth providers. For more information, visit https://www.clouddx.com/ Cloud DX is ISO 13485:2016 certified for Quality Management. HIPAA (United States), PHIPA and HIPMA (Canada) compliant. Personal health data is encrypted and stored in its country of origin, in the Microsoft Azure cloud.
- Website
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https://clouddx.com/
External link for Cloud DX (TSX.V: CDX)
- Industry
- Medical Equipment Manufacturing
- Company size
- 51-200 employees
- Headquarters
- Kitchener, Ontario
- Type
- Public Company
- Founded
- 2014
- Specialties
- Patient and Disease Management, Remote Patient Management, Cloud Diagnostics, Virtual Care, AI, Telehealth, Remote Care, Maternal Care, Chronic Illness, Tuberculosis, and Patient Support
Locations
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Primary
#100 - 72 Victoria St. South
Kitchener, Ontario N2G 4Y9, CA
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20 Jay Street
Suite 834
Brooklyn, NY 11201, US
Employees at Cloud DX (TSX.V: CDX)
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Robert Kaul
CEO, CloudDX (TSXV: CDX), Forbes Technology contributor, XPRIZE Bold Epic Innovator Award
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Cara MacDonald
Head Of Operations at Cloud DX
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Melissa Perri
Head of Quality Assurance & Regulatory Affairs at Cloud DX
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Rajani A. Nair, MBA, PMP
Manager, Deployment & Customer Success at Cloud DX (TSXv:CDX)
Updates
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Cloud DX is pleased to report results for the 12 months ending December 31, 2023. Highlights include 55.4% increase in total revenue, 69% increase in subscription revenue, 112.8% increase in gross profit, and 20.4% reduction in operating loss compared to FY2022. Press Release: https://lnkd.in/gYhS9uqi Earnings Call Recording: https://lnkd.in/gMPkn5eM
Cloud DX FY 23 Earnings Call - April 29, 2024
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Today Cloud DX is pleased to announce contract renewals with two Ontario Community Paramedic Services! In Ontario, Community Paramedic Services offer Cloud DX Connected Health™ #RemotePatientMonitoring products and services to monitor seniors where they live, extending the time they can stay at home in comfort and reducing pressure on nursing home waiting lists. "Contract renewals are a key metric for Cloud DX, and we are very pleased to be able to continue serving these very satisfied clients. Cloud DX has the distinction of announcing agreements with Community Paramedic Services in 10 Ontario counties and to date, at each opportunity our Master Service Agreements have been renewed and extended." - Robert Kaul, Founder & CEO, Cloud DX So far in 2024, Cloud DX has announced 24 new contracts and/or contract renewals, valued at $5.1 million CAD. Watch CEO Robert Kaul explain what this means to investors: https://lnkd.in/gpPppKUN Read more here: https://lnkd.in/gwtn4nex
Cloud DX seeing customer loyalty with 2 Ontario Community Paramedic Service contract renewals
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Cloud DX Will Report Fiscal Year 2023 Results on Monday, April 29, 2024 after market open. At 2:00 pm EDT that same day, CEO Robert Kaul will host an Earnings Call to discuss financial results to December 31, 2023 as well as recent events of interest to investors. "Cloud DX is looking forward to announcing and discussing our 2023 financials and further progress towards our strategic goals in 2024. We will also address the status of recent financing activities, acceleration of sales in 2024 and continued evidence of patient and provider satisfaction" mentioned Mr. Kaul. Register here: https://lnkd.in/gsJgjzBn
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We're thrilled to announce new contracts with two Ontario Community Paramedic Services! Our Connected Health #RemotePatientMonitoring products and services allow Community Paramedics to monitor seniors where they live, extending the time they can stay at home and reducing pressure on nursing home waiting lists. Read more here: https://lnkd.in/gTRpyuWe These contracts cap a record first quarter at Cloud DX, where we have announced 10 new contracts and 14 contract renewals, valued at $4.75M CAD so far in 2024. To help facilitate our accelerated growth, we recently announced a new equity financing. Please see here for more details: https://lnkd.in/gHU4huQc
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Patient satisfaction and customer confidence are integral parts of our mission to make healthcare better for everyone - and a strong indicator of our continued growth in the #RemotePatientMonitoring and #HeathTech space. In Q1 2024, we have had 14 contracts up for renewal. We are excited to announce that we have renewed 11 contracts for Connected Health™ products and services, and we hope to renew the remaining 3 by March 31st. From January 1, 2024, we have announced new contracts or renewals valued at $4.6M, along with new Master Deployment Agreements with VHA Home HealthCare, the Ottawa Hospital Research Institute and a Master Partnership Agreement with Sanrai Group International that includes distribution opportunities with Sanrai dealers in 65 countries around the world. Read more: https://lnkd.in/gkxYEzbm Watch CEO Robert Kaul explain what this means for investors: https://lnkd.in/gcd-kH-q
CLOUD DX Renews 11 Customer Contracts Valued at $1.25 Million
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We're pleased to announce that a group of our investors have agreed to convert approximately $4.2 million in total debt to shares, ahead of maturity dates. The shares will convert at a premium to the current market price, and will be added to a voluntary pool which investors agree not to sell for 24 months unless share price exceeds $0.50/share for 10 consecutive days. Demonstrating their strong support for Cloud DX, participating debenture holders include 3 Board Directors, and 14 arms-length investors. So far in 2024, Cloud DX has announced $2.8 million in new business, as well as large agreements with Sanrai Group, VHA Home HealthCare, and Ottawa Hospital Research Institute. We're growing fast - and this announcement solidifies the trust and long-term vision held by our investors. Read more details here: https://lnkd.in/gvxcjpst Watch CEO Robert Kaul discuss what this means for investors: https://lnkd.in/gmNapGvc
Cloud DX Announces Debt Settlement and Voluntary Pooling Agreements
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We're pleased to announce a new Master Deployment Agreement with the Ottawa Hospital Research Institute (OHRI)! OHRI houses approximately 2,200 scientists, clinician investigators, students, research fellows, and support staff. Its researchers are studying more than a hundred different diseases, conditions and specialties with an overall focus on translating discoveries and knowledge into better health. Researchers at the Institute intend to use Cloud DX Connected Health products and services to enable #RemotePatientMonitoring, communication via video and text, schedule and compliance management, and improved clinical study efficiencies, allowing the researchers to conduct higher quality clinical studies. Cloud DX technology will make it possible to recruit subjects for trials more efficiently, and to gather more information from each subject. Each order for Cloud DX technology will be covered by a separate Statement of Work (SOW), with plans in place for projects involving over 1,000 patients. Read more: https://lnkd.in/gKEVQfsf
Cloud DX and Ottawa Hospital Research Institute agree to contract with big potential
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We've signed a 3-year partnership agreement with Sanrai International (Sanrai Group), under which Sanrai will distribute and re-sell our Connected Health products and services. Sanrai sells market-leading technologies in multiple verticals with a focus on respiratory and sleep therapies. Their extensive dealer network includes partners in 65 countries. "Sanrai International is excited to launch this new partnership with Cloud DX, the Canadian leader in remote automated monitoring and virtual care. After extensive due diligence Sanrai has chosen Cloud DX as a global partner due to their leadership in innovative new technology, including the impressive Vitaliti™ continuous vital sign monitor and their AcuScreen™ CA Cough Analysis platform, currently in field trials as a screening tool for active tuberculosis, which is a growing problem in the countries we serve." - Amarpreet Rai, Managing Director, Sanrai This is a key milestone for us at Cloud DX as we pursue our mission to make healthcare better for everybody.
CLOUD DX Signs Partnership Agreement with Sanrai International
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Big news today for our award-winning Vitaliti™ Continuous Vital Sign Monitors! We've received a purchase order for up to 300 systems and related software, valued at approximately $770,000 CAD. These patented and patent-pending Vitaliti units are expected to be deployed in multi-site studies of post-operative patients, with the first conducted under a Health Canada Investigational Testing Authority (ITA) in advance of full Health Canada license and FDA clearance. Patients will be followed at home after surgery, and Vitaliti data will be used to train generative #ArtificialIntelligence algorithms that are expected to predict and avoid adverse healthcare outcomes. Vitaliti is the winner of the Edison Awards, Fast Company ‘World Changing Idea' award and the Qualcomm Tricorder XPRIZE Bold Epic Innovator Award, among other accolades. With this new purchase order, Cloud DX has announced over $2.5 million CAD in new business since January 1, 2024. We're beyond excited as this is a significant milestone in our mission to make healthcare better for everyone.
Cloud DX Receives $770,000 Order for New Technology Devices and Services
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