CloudMD: Massive Growth From Canadian Telehealth Player (OTCMKTS:DOCRF)

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CloudMD Software & Services Inc. (OTCPK:DOCRF) is a Canada-based healthcare technology company offering software solutions for medical clinics to provide telehealth services. The company has been presenting exceptional growth driven by several strategic acquisitions along with this year’s dynamic during the COVID-19 pandemic accelerating the penetration of telehealth among consumers. The stock is up over 150% in the past month following its latest quarterly results, which showed strong accelerating user gains and operating momentum. While DOCRF with a market cap of $185 million remains speculative given large recurring losses, the growth premium may be justified on a relative basis compared to a peer group of telehealth stocks. This is an exciting market segment and we believe CloudMD has upside with a long-term positive outlook. (Source: Seeking Alpha) CloudMD Background CloudMD’s proprietary software-as-a-service “SaaS” platform utilizes artificial intelligence combining a virtual assistant to connect patients in an online platform with physicians along with related electronic medical records and billing software. CloudMD includes several operating brand names including Patients can get a one-on-one video consultation with a qualified Canadian doctor that can provide general medical advice, review lab and test results, make referrals, and provide prescriptions for various conditions. Patients benefit from convenience while …

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