Cloud DX Inc (TSE:CDX) has released an update.
Cloud DX Inc. has significantly expanded its reach in the Canadian healthcare market with the signing of a multi-year contract with a Provincial Health Authority, marking its fourth provincial contract for remote patient monitoring services. This new agreement, adding to other contracts with hospitals and paramedic services, highlights a growth inflection point for the company in 2024. The contract ensures a steady revenue stream with an average subscription value of $1,520 CAD per patient per year, indicating a strong financial outlook for Cloud DX.
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