CloudMD Reports Q2 2022 Financial Performance; New Leadership Enforces Strategic Priorities to Drive Further Cost Optimization and Profitability
Q2 2022 Adjusted EBITDA2 loss of $3.2 million compared to a loss of $0.6 million in Q2 2021.
- Q2 2022 Adjusted EBITDA2 loss of $3.2 million compared to a loss of $0.6 million in Q2 2021.
- Strategic priorities include driving organic growth, further cost optimization and financial stability and prudent cash management.
- Q2 2022 revenue was $40.3 million, compared to $41.4 million in Q1 2022 and $15.7 million in Q2 2021.
- On June 15, 2022, the Company provided an update on strategic priorities to drive organic growth through new sales and cross selling.