2024 Q3 Form 10-Q Financial Statement

#000121390024069700 Filed on August 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $21.31M $18.81M $13.82M
YoY Change 30.48% 36.14% -1.15%
Cost Of Revenue $7.862M $7.108M $5.993M
YoY Change 20.38% 18.6% 20.13%
Gross Profit $13.45M $11.70M $7.825M
YoY Change 37.21% 49.57% -12.96%
Gross Profit Margin 63.1% 62.22% 56.63%
Selling, General & Admin $13.43M $14.38M $12.24M
YoY Change 4.17% 17.46% -0.63%
% of Gross Profit 99.84% 122.86% 156.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.095M $1.073M $464.8K
YoY Change 132.98% 130.87% -19.61%
% of Gross Profit 8.14% 9.17% 5.94%
Operating Expenses $22.01M $15.45M $12.71M
YoY Change 64.81% 21.61% -1.49%
Operating Profit -$8.562M -$3.749M -$4.882M
YoY Change 140.95% -23.21% 24.9%
Interest Expense -$1.417M -$1.422M $720.4K
YoY Change -305.36% -297.38% 2924.43%
% of Operating Profit
Other Income/Expense, Net -$1.379M -$1.347M $720.4K
YoY Change -300.38% -286.97% 2924.94%
Pretax Income -$9.941M -$5.096M -$4.161M
YoY Change 246.94% 22.46% 7.12%
Income Tax -$817.0K -$1.088M
% Of Pretax Income
Net Earnings -$9.124M -$4.008M -$4.161M
YoY Change 218.43% -3.69% 7.12%
Net Earnings / Revenue -42.82% -21.31% -30.12%
Basic Earnings Per Share -$0.50 -$0.22 -$0.24
Diluted Earnings Per Share -$0.50 -$0.22 -$0.24
COMMON SHARES
Basic Shares Outstanding 18.32M shares 18.18M shares 17.13M shares
Diluted Shares Outstanding 18.32M shares 18.26M shares 16.99M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.13M $14.96M $62.74M
YoY Change -74.6% -76.16% -28.21%
Cash & Equivalents $16.13M $14.96M $9.808M
Short-Term Investments $52.93M
Other Short-Term Assets $4.389M $4.647M $4.053M
YoY Change 46.3% 14.66% -5.33%
Inventory
Prepaid Expenses
Receivables $26.33M $24.52M $18.28M
Other Receivables $64.00K $1.842M $0.00
Total Short-Term Assets $46.91M $45.97M $85.07M
YoY Change -46.33% -45.97% -22.94%
LONG-TERM ASSETS
Property, Plant & Equipment $161.0K $171.0K $141.0K
YoY Change 7.83% 21.3% -66.58%
Goodwill $70.90M $78.36M $22.67M
YoY Change 212.7% 245.58%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $362.0K $434.0K
YoY Change -67.09%
Total Long-Term Assets $118.3M $126.9M $36.25M
YoY Change 223.74% 250.08% -2.13%
TOTAL ASSETS
Total Short-Term Assets $46.91M $45.97M $85.07M
Total Long-Term Assets $118.3M $126.9M $36.25M
Total Assets $165.2M $172.9M $121.3M
YoY Change 33.3% 42.49% -17.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.754M $2.980M $817.8K
YoY Change 293.43% 264.4% -36.9%
Accrued Expenses $5.557M $5.310M $1.503M
YoY Change 78.74% 253.18% -12.92%
Deferred Revenue $786.0K $1.054M $451.0K
YoY Change 318.09% 133.7%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.000M $3.300M
YoY Change
Total Short-Term Liabilities $14.50M $14.96M $5.510M
YoY Change 88.3% 171.45% -14.46%
LONG-TERM LIABILITIES
Long-Term Debt $33.28M $32.30M $0.00
YoY Change
Other Long-Term Liabilities $242.0K $271.0K $0.00
YoY Change 142.0% -100.0%
Total Long-Term Liabilities $33.28M $32.30M $0.00
YoY Change 33178.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.50M $14.96M $5.510M
Total Long-Term Liabilities $33.28M $32.30M $0.00
Total Liabilities $50.73M $51.86M $5.510M
YoY Change 548.57% 841.25% -16.91%
SHAREHOLDERS EQUITY
Retained Earnings -$84.29M -$75.17M -$57.25M
YoY Change 40.21% 31.29%
Common Stock $20.00K $20.00K $18.38K
YoY Change 8.77% 8.83%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.000K $2.000K $1.741K
YoY Change 14.88% 14.88%
Treasury Stock Shares
Shareholders Equity $114.5M $121.0M $115.8M
YoY Change
Total Liabilities & Shareholders Equity $165.2M $172.9M $121.3M
YoY Change 33.3% 42.49% -17.72%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income -$9.124M -$4.008M -$4.161M
YoY Change 218.43% -3.69% 7.12%
Depreciation, Depletion And Amortization $1.095M $1.073M $464.8K
YoY Change 132.98% 130.87% -19.61%
Cash From Operating Activities $1.791M $782.0K -$2.368M
YoY Change 21.84% -133.02% -868.56%
INVESTING ACTIVITIES
Capital Expenditures $92.00K $85.00K $1.103M
YoY Change -71.25% -92.3% -4207.56%
Acquisitions
YoY Change
Other Investing Activities $4.326M
YoY Change -306.61%
Cash From Investing Activities -$92.00K -$85.00K $3.223M
YoY Change -90.89% -102.64% -251.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -532.0K -915.0K -7.490M
YoY Change 52.0% -87.78% -3080.74%
NET CHANGE
Cash From Operating Activities 1.791M 782.0K -2.368M
Cash From Investing Activities -92.00K -85.00K 3.223M
Cash From Financing Activities -532.0K -915.0K -7.490M
Net Change In Cash 1.167M -218.0K -6.635M
YoY Change 960.91% -96.71% 324.96%
FREE CASH FLOW
Cash From Operating Activities $1.791M $782.0K -$2.368M
Capital Expenditures $92.00K $85.00K $1.103M
Free Cash Flow $1.699M $697.0K -$3.471M
YoY Change 47.74% -120.08% -1136.28%

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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
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
1655000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
1848000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
105000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
-73000 usd
CY2023Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
7522000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-4161000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
115815000 usd
us-gaap Net Income Loss
NetIncomeLoss
-10908000 usd
us-gaap Net Income Loss
NetIncomeLoss
-10559000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2140000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
929000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
5926000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
7884000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
132000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
239000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
365000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-11600000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3635000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1457000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1772000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
752000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-732000 usd
oprx Increase Decrease In Revenue Share Payable
IncreaseDecreaseInRevenueSharePayable
-3412000 usd
oprx Increase Decrease In Revenue Share Payable
IncreaseDecreaseInRevenueSharePayable
-1269000 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-2264000 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-1097000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-855000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
881000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
287000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2900000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
77000 usd
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
49000 usd
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
109501000 usd
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
112501000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
3000 usd
oprx Capitalized Software Development Costs
CapitalizedSoftwareDevelopmentCosts
161000 usd
oprx Capitalized Software Development Costs
CapitalizedSoftwareDevelopmentCosts
1274000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-238000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1674000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
555000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
244000 usd
us-gaap Proceeds From Stock Options Exercised
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145000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
7522000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1000000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1555000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7621000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
1107000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-8402000 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
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14959000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9808000 usd
us-gaap Interest Paid Net
InterestPaidNet
2710000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
110000 usd
oprx Number Of Us Providers
NumberOfUSProviders
2000000 pure
CY2023Q4 oprx Issued And Outstanding Share Percentage
IssuedAndOutstandingSharePercentage
1 pure
CY2023Q2 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
22408000 usd
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
43439000 usd
CY2023Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-6076000 usd
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-14708000 usd
CY2024Q2 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
1213000 usd
us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
3080000 usd
CY2024Q2 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
8100000 usd
CY2023Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
0 usd
CY2024Q2 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
71000 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
141000 usd
CY2023Q2 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
48000 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
95000 usd
CY2024Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
393000 usd
CY2023Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
696000 usd
CY2024Q2 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
4134000 usd
CY2023Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
3288000 usd
us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
26766000 usd
CY2023 us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
2021000 usd
CY2024Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1053000 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
3228000 usd
CY2023Q1 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
2444000 usd
CY2024Q1 us-gaap Deferred Revenue Additions
DeferredRevenueAdditions
3.961 usd
CY2023Q1 us-gaap Deferred Revenue Additions
DeferredRevenueAdditions
3015000 usd
CY2024Q1 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
905000 usd
CY2023Q1 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
735000 usd
CY2024Q2 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
1853000 usd
CY2023Q2 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
3171000 usd
CY2024Q2 us-gaap Deferred Revenue Additions
DeferredRevenueAdditions
2002000 usd
CY2023Q2 us-gaap Deferred Revenue Additions
DeferredRevenueAdditions
2887000 usd
CY2024Q2 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
1054000 usd
CY2023Q2 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
451000 usd
CY2024Q2 us-gaap Revenues
Revenues
18812000 usd
CY2023Q2 us-gaap Revenues
Revenues
13818000 usd
us-gaap Revenues
Revenues
38502000 usd
us-gaap Revenues
Revenues
26821000 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
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
371000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
480000 usd
CY2023Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
111000 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
371000 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
591000 usd
CY2024Q2 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
37290000 usd
CY2023Q4 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
38290000 usd
CY2024Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
3300000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2000000 usd
CY2024Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
1694000 usd
CY2023Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
2059000 usd
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
32296000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
34231000 usd
CY2024Q2 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.141 pure
us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.162 pure
CY2024Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
182000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
365000 usd
CY2023Q4 oprx Percentage Of Repayable Term Loan
PercentageOfRepayableTermLoan
0.0125 pure
CY2023Q4 us-gaap Fair Value Concentration Of Risk Cash And Cash Equivalents
FairValueConcentrationOfRiskCashAndCashEquivalents
500000000 usd
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.
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1000000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
3300000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2000000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
30990000 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
37290000 usd
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
62000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
25000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
124000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
49000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
1000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
8000 usd
CY2024Q2 us-gaap Lease Cost
LeaseCost
62000 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
25000 usd
us-gaap Lease Cost
LeaseCost
125000 usd
us-gaap Lease Cost
LeaseCost
57000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
132000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
186000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
113000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
65000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
45000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
541000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
52000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
489000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y9M18D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0685 pure
CY2024Q2 us-gaap Lease Deposit Liability
LeaseDepositLiability
109000 usd
CY2023Q2 us-gaap Lease Deposit Liability
LeaseDepositLiability
45000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
127000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
49000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
113000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
49000 usd
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
18158282 shares
CY2024Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
1741397 shares
CY2023Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
1741397 shares
us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
140028 shares
us-gaap Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings
48281 shares
us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
555007000 usd
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
10000 shares
CY2023Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
33272 shares
us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
35260 shares
CY2023Q1 us-gaap Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings
23217 shares
us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
244000 usd
CY2023Q1 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
15000000 usd
CY2023Q2 srt Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
526999 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
7522000 usd
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
4450000 shares
oprx Remaining Expenses
RemainingExpenses
5031000 usd
oprx Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm
P1Y6M25D
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
214000 usd
oprx Restricted Stock Granted Remains Value
RestrictedStockGrantedRemainsValue
8337000 usd
oprx Remains To Be Recognized Weighted Average Period
RemainsToBeRecognizedWeightedAveragePeriod
P1Y6M7D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P1Y
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
402000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
352000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-4008000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-4161000 usd
us-gaap Net Income Loss
NetIncomeLoss
-10908000 usd
us-gaap Net Income Loss
NetIncomeLoss
-10559000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18257879 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16992100 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18213992 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17043493 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18257879 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16992100 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18213992 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17043493 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.22
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.24
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.6
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.62
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.22
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.24
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.6
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.62
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
88132 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
49845 shares
CY2024Q2 us-gaap Other Commitment
OtherCommitment
18500000 usd
CY2024Q2 us-gaap Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
3900000 usd
CY2024Q2 us-gaap Other Commitments Future Minimum Payments Remainder Of Fiscal Year
OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear
8500000 usd
CY2024Q2 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
3600000 usd
CY2024Q2 us-gaap Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
2400000 usd
CY2024Q2 us-gaap Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
100000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1088000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-744000 usd
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.214 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.064 pure
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
16700000 usd
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
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CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2023Q2 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
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CY2023Q2 us-gaap Other Income
OtherIncome
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us-gaap Other Income
OtherIncome
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CY2024Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2024Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
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us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
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us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
usd
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
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us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
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
CY2024Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
usd
CY2024Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
usd
CY2023Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
usd
CY2024Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
CY2023Q2 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
usd
us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001448431

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0001213900-24-069700.txt Edgar Link pending
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