OptimizeRx revenue, loss both rise

ROCHESTER — OptimizeRx Corp. (OTCQB:OPRX), the Rochester-based provider of digital health messaging via electronic health records (EHRs), reported a loss of $622,786 or 2 cents a share in the third quarter ended Sept. 30, compared to a loss of $242,584 or 1 cent a share in the third quarter of 2016.

Revenue was $3.1 million, up from $1.8 million a year earlier.

For the first nine months of the year, the company reported a loss of $1.9 million or 6 cents a share, compared to $1.2 million or 4 cents a share in the first nine months of 2016. Revenue was $8.1 million, up from $5.5 million in the same period a year earlier.

The company said it distributed financial messages, such as e-coupons, and brand messaging for more than 100 pharmaceutical brands during the quarter.

The company said the increase in revenue was driven by growth in OptimizeRx’s two core products of financial and brand messaging.

“In Q3, our record topline was driven by the growth of our financial and brand messaging products, as well as the expansion of our EHR network through which those products are distributed to HCPs,” said OptimizeRx CEO, William Febbo. “We added iSalus Healthcare, an industry-leading EHR, to our EHR network, which is still the largest of its kind with more than 370 EHRs nationwide. During the quarter, we also continued to see the expansion of clients, brands, and agencies advising the industry about our cloud-based EHR channel. To support further growth and drive scale, we appointed Miriam Paramore, an accomplished health IT industry veteran, as our new president. We also added several business development and operations team members. These investments in our executive and sales teams have already begun to produce returns in terms of accelerated revenue growth, broader client base, and greater scale potential.”

To listen to a conference call replay discussing the company’s results, visit www.optimizerxcorp.com, or call (844) 512-2921 in the United States or $412) 317-6671 elsewhere, using the pass code 4446715.

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