2024 Q1 Form 10-Q Financial Statement
#000121390024043749 Filed on May 15, 2024
Income Statement
Concept | 2024 Q1 | 2023 Q4 | 2023 Q1 |
---|---|---|---|
Revenue | $19.69M | $28.37M | $13.00M |
YoY Change | 51.43% | 44.34% | -5.31% |
Cost Of Revenue | $7.486M | $10.53M | $5.570M |
YoY Change | 34.41% | 46.22% | -1.07% |
Gross Profit | $12.20M | $17.84M | $7.433M |
YoY Change | 64.18% | 43.25% | -8.25% |
Gross Profit Margin | 61.98% | 62.89% | 57.17% |
Selling, General & Admin | $16.17M | $18.86M | $14.03M |
YoY Change | 15.2% | -29.3% | 23.19% |
% of Gross Profit | 132.46% | 105.7% | 188.78% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $1.067M | $1.002M | $463.9K |
YoY Change | 129.99% | 119.39% | -1.61% |
% of Gross Profit | 8.74% | 5.61% | 6.24% |
Operating Expenses | $17.23M | $19.86M | $14.50M |
YoY Change | 18.88% | 49.15% | 22.2% |
Operating Profit | -$5.029M | -$2.023M | -$7.063M |
YoY Change | -28.8% | 134.08% | 87.8% |
Interest Expense | $1.546M | -$1.336M | $665.5K |
YoY Change | 132.32% | -348.12% | |
% of Operating Profit | |||
Other Income/Expense, Net | -$1.526M | $500.0K | $665.5K |
YoY Change | -329.31% | 22182300.0% | |
Pretax Income | -$6.555M | -$11.74M | -$6.398M |
YoY Change | 2.46% | 3502.79% | 70.1% |
Income Tax | $344.0K | -$7.598M | |
% Of Pretax Income | |||
Net Earnings | -$6.899M | -$4.141M | -$6.398M |
YoY Change | 7.84% | 1170.99% | 70.1% |
Net Earnings / Revenue | -35.04% | -14.6% | -49.2% |
Basic Earnings Per Share | -$0.38 | -$0.37 | |
Diluted Earnings Per Share | -$0.38 | -$0.23 | -$0.37 |
COMMON SHARES | |||
Basic Shares Outstanding | 18.17M shares | 18.15M shares | 17.10M shares |
Diluted Shares Outstanding | 18.17M shares | 17.09M shares |
Balance Sheet
Concept | 2024 Q1 | 2023 Q4 | 2023 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $15.18M | $13.85M | $73.70M |
YoY Change | -79.41% | -81.32% | -17.15% |
Cash & Equivalents | $15.18M | $13.85M | $16.44M |
Short-Term Investments | $0.00 | $57.26M | |
Other Short-Term Assets | $2.390M | $3.189M | $4.015M |
YoY Change | -40.47% | 39.84% | -12.9% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $29.75M | $36.25M | $18.16M |
Other Receivables | $1.036M | $1.036M | $0.00 |
Total Short-Term Assets | $48.35M | $54.33M | $95.88M |
YoY Change | -49.57% | -44.88% | -14.92% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $153.0K | $722.3K | $143.9K |
YoY Change | 6.31% | 425.51% | 4.72% |
Goodwill | $78.36M | $78.36M | $22.67M |
YoY Change | 245.58% | 245.58% | |
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $501.0K | $568.1K | |
YoY Change | 11148.51% | ||
Total Long-Term Assets | $128.0M | $129.0M | $35.81M |
YoY Change | 257.48% | 257.71% | 40.77% |
TOTAL ASSETS | |||
Total Short-Term Assets | $48.35M | $54.33M | $95.88M |
Total Long-Term Assets | $128.0M | $129.0M | $35.81M |
Total Assets | $176.4M | $183.4M | $131.7M |
YoY Change | 33.92% | 36.18% | -4.67% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.665M | $2.227M | $1.289M |
YoY Change | 29.18% | 43.69% | 114.55% |
Accrued Expenses | $7.278M | $7.976M | $2.125M |
YoY Change | 242.53% | 206.64% | 17.67% |
Deferred Revenue | $905.0K | $172.0K | $735.0K |
YoY Change | 23.13% | ||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $3.500M | $2.000M | |
YoY Change | |||
Total Short-Term Liabilities | $16.77M | $17.88M | $7.606M |
YoY Change | 120.43% | 112.98% | 10.62% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $32.41M | $34.23M | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $314.0K | $371.4K | $123.2K |
YoY Change | 154.81% | 157.0% | -42.13% |
Total Long-Term Liabilities | $32.41M | $34.60M | $123.2K |
YoY Change | 26202.85% | -42.13% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $16.77M | $17.88M | $7.606M |
Total Long-Term Liabilities | $32.41M | $34.60M | $123.2K |
Total Liabilities | $53.83M | $56.82M | $7.729M |
YoY Change | 596.48% | 565.32% | 9.04% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$71.16M | -$64.26M | -$53.09M |
YoY Change | 34.03% | 37.62% | |
Common Stock | $20.00K | $19.90K | $18.33K |
YoY Change | 9.1% | 8.8% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $2.000K | $1.741K | $1.214K |
YoY Change | 64.74% | 43.41% | |
Treasury Stock Shares | |||
Shareholders Equity | $122.5M | $126.6M | $124.0M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $176.4M | $183.4M | $131.7M |
YoY Change | 33.92% | 36.18% | -4.67% |
Cashflow Statement
Concept | 2024 Q1 | 2023 Q4 | 2023 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$6.899M | -$4.141M | -$6.398M |
YoY Change | 7.84% | 1170.99% | 70.1% |
Depreciation, Depletion And Amortization | $1.067M | $1.002M | $463.9K |
YoY Change | 129.99% | 119.39% | -1.61% |
Cash From Operating Activities | $2.118M | -$6.259M | -$86.33K |
YoY Change | -2553.38% | -323.26% | -102.12% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $153.0K | -$778.6K | $28.58K |
YoY Change | 435.34% | -537.23% | -297.38% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | -$26.78M | -$1.326M |
YoY Change | -100.0% | 46.26% | 2487.11% |
Cash From Investing Activities | -$153.0K | -$26.00M | -$1.549M |
YoY Change | -90.12% | 40.64% | 2255.73% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | $500.0K | ||
YoY Change | |||
Cash From Financing Activities | -$640.0K | 36.19M | -$129.8K |
YoY Change | 393.09% | -586.47% | -150.28% |
NET CHANGE | |||
Cash From Operating Activities | $2.118M | -6.259M | -$86.33K |
Cash From Investing Activities | -$153.0K | -26.00M | -$1.549M |
Cash From Financing Activities | -$640.0K | 36.19M | -$129.8K |
Net Change In Cash | $1.325M | 3.934M | -$1.765M |
YoY Change | -175.07% | -117.01% | -141.31% |
FREE CASH FLOW | |||
Cash From Operating Activities | $2.118M | -$6.259M | -$86.33K |
Capital Expenditures | $153.0K | -$778.6K | $28.58K |
Free Cash Flow | $1.965M | -$5.481M | -$114.9K |
YoY Change | -1810.03% | -308.75% | -102.81% |
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CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18170108 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
17094676 | shares |
CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.38 | |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.37 | |
CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.38 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.37 | |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
126553000 | usd |
CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
1353000 | usd |
CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
|
1671000 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
-140000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6899000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
122538000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
126111000 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
1467000 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
|
2914000 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
40000 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
-171000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6398000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
123963000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6899000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6398000 | usd |
CY2024Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1067000 | usd |
CY2023Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
464000 | usd |
CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3024000 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4381000 | usd |
CY2024Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
132000 | usd |
CY2023Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
128000 | usd |
CY2024Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
182000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-6373000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-3862000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-800000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1734000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-562000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-261000 | usd |
CY2024Q1 | oprx |
Increase Decrease In Revenue Share Payable
IncreaseDecreaseInRevenueSharePayable
|
-2692000 | usd |
CY2023Q1 | oprx |
Increase Decrease In Revenue Share Payable
IncreaseDecreaseInRevenueSharePayable
|
-623000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-362000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-476000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
323000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
732000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
571000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2118000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-86000 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
|
32000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
|
29000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
56927000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
55600000 | usd |
CY2024Q1 | oprx |
Capitalized Software Development Costs
CapitalizedSoftwareDevelopmentCosts
|
121000 | usd |
CY2023Q1 | oprx |
Capitalized Software Development Costs
CapitalizedSoftwareDevelopmentCosts
|
194000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-153000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1550000 | usd |
CY2024Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
140000 | usd |
CY2023Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
171000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
40000 | usd |
CY2024Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
500000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-640000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-131000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
1325000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-1767000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
13852000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
18210000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
15177000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
16441000 | usd |
CY2024Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1350000 | usd |
CY2024Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
21000 | usd |
CY2024Q1 | oprx |
Number Of Us Providers
NumberOfUSProviders
|
2000000 | pure |
CY2023Q4 | oprx |
Issued And Outstanding Share Percentage
IssuedAndOutstandingSharePercentage
|
1 | pure |
CY2023Q1 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
21031000 | usd |
CY2023Q1 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
-8632000 | usd |
CY2024Q1 | us-gaap |
Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
|
1876 | usd |
CY2024Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
371000 | usd |
CY2023Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
480000 | usd |
CY2024Q1 | us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
71000 | usd |
CY2023Q1 | us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
48000 | usd |
CY2024Q1 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
351000 | usd |
CY2023Q4 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
696000 | usd |
CY2024Q1 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
4471000 | usd |
CY2023Q4 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
4198000 | usd |
CY2024Q1 | us-gaap |
Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
|
33568000 | usd |
CY2023 | us-gaap |
Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
|
2021000 | usd |
CY2024Q1 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
904000 | usd |
CY2023Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
172000 | usd |
CY2023Q4 | us-gaap |
Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
|
172000 | usd |
CY2022Q4 | us-gaap |
Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
|
164000 | usd |
CY2024Q1 | us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
3229000 | usd |
CY2023Q1 | us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
2444000 | usd |
CY2024Q1 | us-gaap |
Deferred Revenue Additions
DeferredRevenueAdditions
|
3961000 | usd |
CY2023Q1 | us-gaap |
Deferred Revenue Additions
DeferredRevenueAdditions
|
3015000 | usd |
CY2024Q1 | us-gaap |
Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
|
904000 | usd |
CY2023Q1 | us-gaap |
Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
|
735000 | usd |
CY2024Q1 | us-gaap |
Revenues
Revenues
|
19690000 | usd |
CY2023Q1 | us-gaap |
Revenues
Revenues
|
13003000 | usd |
CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
239000 | usd |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
352000 | usd |
CY2024Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
132000 | usd |
CY2023Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
128000 | usd |
CY2023Q1 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
8 | usd |
CY2024Q1 | us-gaap |
Lease Cost
LeaseCost
|
63 | usd |
CY2023Q1 | us-gaap |
Lease Cost
LeaseCost
|
33 | usd |
CY2024Q1 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
37790000 | usd |
CY2023Q4 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
38290000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
3500000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
2000000 | usd |
CY2024Q1 | oprx |
Less Unamortized Issuance Costs
LessUnamortizedIssuanceCosts
|
1877000 | usd |
CY2023Q4 | oprx |
Less Unamortized Issuance Costs
LessUnamortizedIssuanceCosts
|
2059000 | usd |
CY2024Q1 | us-gaap |
Other Long Term Debt
OtherLongTermDebt
|
32413000 | usd |
CY2023Q4 | us-gaap |
Other Long Term Debt
OtherLongTermDebt
|
34231000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
|
0.141 | pure |
CY2024Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
|
0.16 | pure |
CY2024Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
182 | usd |
CY2023Q4 | oprx |
Repayable Percentage
RepayablePercentage
|
0.0125 | pure |
CY2023Q4 | us-gaap |
Fair Value Concentration Of Risk Cash And Cash Equivalents
FairValueConcentrationOfRiskCashAndCashEquivalents
|
500000 | usd |
CY2024Q1 | oprx |
Leverage Ratio Describtion
LeverageRatioDescribtion
|
In addition, the Company is required to make a mandatory prepayment on March 31, of each year, commencing with 2025, equivalent to Excess Cash Flow multiplied by a percentage factor of 25%, if the leverage ratio is 3.60 to 1.00 or less, 50% if the leverage ratio is greater than 3.60 to 1 or less than or equal; to 4.10 to 1.00 and 75%, if the leverage ratio is greater than 4.10 to 1.00. | |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
1500000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
3500000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
2000000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
30790000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
37790000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
62 | usd |
CY2023Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
25 | usd |
CY2024Q1 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
1 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
196 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
187 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
114 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
66 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
45 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
608 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
61 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
547 | usd |
CY2024Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y | |
CY2024Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0675 | pure |
CY2024Q1 | us-gaap |
Lease Deposit Liability
LeaseDepositLiability
|
54000 | usd |
CY2023Q1 | us-gaap |
Lease Deposit Liability
LeaseDepositLiability
|
22000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
65000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
25000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
51000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
25000 | usd |
CY2024Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2024Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2024Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
166666667 | shares |
CY2024Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2024Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
18180482 | shares |
CY2023Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
18158282 | shares |
CY2024Q1 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
1741397 | shares |
CY2023Q1 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
1741397 | shares |
CY2024Q1 | us-gaap |
Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings
|
9423 | shares |
CY2024Q1 | us-gaap |
Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
|
140000 | usd |
CY2023Q1 | us-gaap |
Shares Issued
SharesIssued
|
9502 | shares |
CY2023Q1 | us-gaap |
Life Settlement Contracts Investment Method Carrying Amount
LifeSettlementContractsInvestmentMethodCarryingAmount
|
171000 | usd |
CY2024Q1 | us-gaap |
Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
|
1353000 | usd |
CY2023Q1 | us-gaap |
Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
|
1467000 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense
StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense
|
7479000 | usd |
CY2024Q1 | us-gaap |
Present Value Of Future Insurance Profits Weighted Average Amortization Period
PresentValueOfFutureInsuranceProfitsWeightedAverageAmortizationPeriod
|
P1Y7M2D | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
492000 | usd |
CY2024Q1 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
1671000 | usd |
CY2023Q1 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
2914000 | usd |
CY2024Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
9967000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6899000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6398000 | usd |
CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
18170108 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
17094676 | shares |
CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18170108 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
17094676 | shares |
CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.38 | |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.37 | |
CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.38 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.37 | |
CY2024Q1 | us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NOTE 9 – COMMITMENTS AND CONTINGENT LIABILITIES</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>Litigation</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">From time to time, the Company may become involved in legal proceedings or be subject to claims arising in the ordinary course of our business. We are currently not a party to any material legal or administrative proceedings, and we are not aware of any pending or threatened material legal or administrative proceedings against us.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Commitments</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">From time to time, the Company enters into arrangements with partners to acquire minimum amounts of media, data or messaging capabilities. As of March 31, 2023, the Company had commitments for future minimum payments of $22.6 million that will be reflected in cost of revenues during the years from 2024 through 2028. Minimum payments are due in the remainder of 2024 and fiscal 2025, 2026, 2027 and 2028 in the amounts of $8.5 million, $8.3 million, $3.3 million, $2.4 million and $0.1 million, respectively.</p> | |
CY2024Q1 | us-gaap |
Other Commitment
OtherCommitment
|
22600000 | usd |
CY2024Q1 | us-gaap |
Other Commitments Future Minimum Payments Remainder Of Fiscal Year
OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear
|
8500000 | usd |
CY2024Q1 | us-gaap |
Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
|
8300000 | usd |
CY2024Q1 | us-gaap |
Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
|
3300000 | usd |
CY2024Q1 | us-gaap |
Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
|
2400000 | usd |
CY2024Q1 | us-gaap |
Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
|
100000 | usd |
CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
344000 | usd |
CY2024Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
|
0.052 | pure |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
16700000 | usd |
CY2024Q1 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q1 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q1 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2024Q1 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
usd | |
CY2023Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
usd | |
CY2023Q1 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
usd | |
CY2024Q1 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
usd | |
CY2024Q1 | us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
usd | |
CY2024Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
usd | |
CY2023Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
usd | |
CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | |
CY2023Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
usd | |
CY2024Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
usd | |
CY2023Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
usd | |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
usd | |
CY2024Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2023Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2024Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2023Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2024Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
shares | |
CY2023Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
shares | |
CY2024Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2024Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2024Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2024Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001448431 |