Ontrak Inc. Reports Q1 2025 Revenue Drop of 25%, Net Loss Widens to $6.9 Million, EPS Remains at $(1.65)
Ontrak, Inc. $(OTRK)$, a leading AI-powered and technology-enabled behavioral healthcare company, has released its financial results for the first quarter ended March 31, 2025. The company reported a revenue of $2.0 million, marking a 25% decrease compared to the same period in the previous year. The operating loss for the first quarter was $(5.9) million, an increase from the $(4.3) million operating loss in the first quarter of 2024. Adjusted EBITDA was $(4.3) million, down from $(3.4) million in the same period the previous year. The net loss for the quarter was $(6.9) million, compared to $(4.5) million for the same period in 2023. In terms of future financial performance, Ontrak estimates its revenue for the quarter ending June 30, 2025, to be in the range of $2.2 million to $2.6 million. The company has also announced securing a $10.0 million financing commitment from Acuitas Capital LLC and has been recertified by the National Committee for Quality Assurance as a Credentials Verification Organization. Membership in Ontrak's programs has nearly doubled year over year, which the company attributes to its multi-solution approach and AI-driven Advanced Engagement System.
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