Cloud DX Reports FY2023 Results - Seite 2

Customer Statistics FY2023

The Company announced the following contracts or contract extensions in 2023: 7 contracts were executed with Ontario Community Paramedic Services, funded under the Community Paramedicine for Long-Term Care program (CPLTC). 3 contracts were executed with Provincial or Territorial Health Ministries. 4 contracts were executed with Ontario Family Health Teams (FHTs). 4 contracts were executed with Canadian hospitals or academic medical centers. 2 contracts were executed with clinics including a US based clinic in Illinois. Notable customers include Alberta Health Services, Alberta Primary Care Networks, University of Ottawa Heart Institute, and Mohawk Medbuy, the premier hospital procurement agency in Canada.

Subsequent events:

Since January 1, 2024, Cloud DX has announced 24 contracts and contract extensions valued at over $5.1 million. Notable announcements include new contracts with Health PEI, VHA Home HealthCare, Ottawa Hospital Research Institute, 2 Ontario Community Paramedic Services, and contract renewals with Yukon Health, 5 Ontario Community Paramedic Services, 4 Ontario hospitals, and 7 clinics including an MDVIP Clinic in Illinois.

On March 19, 2024, the Company announced that $4.2 Million in Debentures converted early at the above-market conversion price of $0.154/share. In addition, investors agreed to a voluntary pooling and escrow of 26 million shares. This early conversion and escrow eliminates $575,000 in annual accrued interest. 14 of 17 Debenture holders in the announced transaction are arms-length.

On April 8, 2024, the Company announced a Private Placement offering up to 27,500,000 Units consisting of 1 common share and 1 share purchase warrant, at $0.12/Unit for gross proceeds of $3.3 million. Warrants will have a term of 36 months at an exercise price of $0.18/share. The offering is expected to close an initial tranche in the period between April 29, 2024, and May 5, 2024.

About Cloud DX

Accelerating digital healthcare, Cloud DX is on a mission to make healthcare better for everyone. Our Connected Health remote patient monitoring platform is used by healthcare enterprises and care teams across North America to virtually manage chronic disease, enable aging in place, and deliver hospital-quality post-surgical care in the home. Our partners achieve better healthcare and patient outcomes, reduce the need for hospitalization or re-admission, and reduce healthcare delivery costs through more efficient use of resources. Cloud DX is the co-winner of the Qualcomm Tricorder XPRIZE, winner of "2022 Top Innovator" from Canadian Business, a 2021 "Edison Award" winner, a Fast Company "World Changing Idea" finalist, and one of "Canada's Ten Most Prominent Telehealth Providers." Cloud DX is an exclusive partner to Medtronic Canada, Teladoc Health Canada and Sanrai International.