$OPRX

OptimizeRx Corp

CIK:0001448431|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net revenue	$ 20,504	$ 29,195	$ 40,348	$ 51,123
Expenses
Cost of revenues, exclusive of depreciation and amortization presented separately below	4,816	10,560	9,728	19,144
Sales and marketing	5,528	5,865	10,257	10,850
General and administrative	3,702	3,909	7,215	8,466
Research and development	3,274	3,092	6,676	6,344
Stock-based compensation	2,208	1,488	4,036	3,046
Depreciation and amortization	1,064	1,074	2,128	2,168
Total expenses	20,592	25,988	40,040	50,018
Income from operations	(88)	3,207	308	1,105
Other income (expense)
Interest expense	(1,127)	(1,603)	(2,282)	(2,899)
Other income	38	37	76	76
Interest income	81	90	158	177
Total other expenses, net	(1,008)	(1,476)	(2,048)	(2,646)
Income (loss) before provision for income taxes	(1,096)	1,731	(1,740)	(1,541)
Income tax benefit (expense)	393	(199)	542	874
Net income (loss)	(703)	1,532	(1,198)	(667)
Foreign currency translation adjustment	11	0	11	0
Comprehensive income (loss)	$ (692)	$ 1,532	$ (1,187)	$ (667)
Weighted average number of shares outstanding – basic (in shares)	18,785,596	18,510,834	18,773,638	18,490,931
Weighted average number of shares outstanding – diluted (in shares)	18,785,596	19,015,496	18,773,638	18,490,931
Income (loss) per share – basic (in dollars per share)	$ (0.04)	$ 0.08	$ (0.06)	$ (0.04)
Income (loss) per share – diluted (in dollars per share)	$ (0.04)	$ 0.08	$ (0.06)	$ (0.04)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
OPERATING ACTIVITIES:
Net loss	$ (1,198)	$ (667)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	2,128	2,168
Stock-based compensation	4,036	3,046
Amortization of debt issuance costs	635	611
Changes in:
Accounts receivable	12,956	4,700
Prepaid expenses and other assets	(81)	(958)
Accounts payable	(313)	(174)
Revenue share payable	(2,273)	(2,462)
Accrued expenses and other liabilities	(6,190)	4,138
Operating lease liabilities	(2)	9
Deferred tax liabilities	(184)	(1,033)
Taxes receivable and payable	(1,576)	(964)
Deferred revenue	206	11
NET CASH PROVIDED BY OPERATING ACTIVITIES	8,144	8,425
INVESTING ACTIVITIES:
Purchases of property and equipment	(56)	(37)
Capitalized software development costs	0	(91)
NET CASH USED IN INVESTING ACTIVITIES	(56)	(128)
FINANCING ACTIVITIES:
Cash paid for employee withholding taxes related to the vesting of restricted stock units	(63)	(92)
Proceeds from term loan, net of issuance costs	24,298	0
Repayment of long-term debt	(31,603)	(5,000)
NET CASH USED IN FINANCING ACTIVITIES	(7,368)	(5,092)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	11	0
NET INCREASE IN CASH AND CASH EQUIVALENTS	731	3,205
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD	23,365	13,380
CASH AND CASH EQUIVALENTS - END OF PERIOD	24,096	16,585
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	1,566	3,409
Cash paid for income taxes	$ 1,223	$ 1,087

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 24,096	$ 23,365
Accounts receivable, net of allowance for credit losses of $260 and $260 at June 30, 2026 and December 31, 2025, respectively	24,796	37,752
Taxes receivable	2,328	752
Prepaid expenses and other	2,926	2,846
Total current assets	54,146	64,715
Property and equipment, net	122	106
Other assets
Goodwill	70,869	70,869
Intangible assets	38,710	40,796
Operating lease right-of-use assets	452	404
Security deposits and other assets	18	28
Total other assets	110,049	112,097
TOTAL ASSETS	164,317	176,918
Current liabilities
Current portion of long-term debt	1,250	4,255
Accounts payable	1,323	1,636
Accrued expenses	5,389	11,591
Revenue share payable	813	3,086
Current portion of lease liabilities	227	193
Deferred revenue	709	503
Total current liabilities	9,711	21,264
Non-current liabilities
Long-term debt, net	17,757	21,421
Lease liabilities, net of current portion	246	234
Deferred tax liabilities, net	5,521	5,705
Total liabilities	33,235	48,624
Commitments and contingent liabilities (See Note 12)
Stockholders’ equity
Preferred stock, $0.001 par value, 10,000,000 shares authorized, none issued and outstanding at June 30, 2026 and December 31, 2025	0	0
Common stock, $0.001 par value, 166,666,667 shares authorized, 20,574,233 and 20,500,986 shares issued at June 30, 2026 and December 31, 2025, respectively	21	20
Treasury stock, $0.001 par value, 1,741,397 shares held at June 30, 2026 and December 31, 2025	(2)	(2)
Additional paid-in-capital	211,486	207,512
Accumulated Other Comprehensive Income (Loss), Net of Tax	11	0
Accumulated deficit	(80,434)	(79,236)
Total stockholders’ equity	131,082	128,294
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	164,317	176,918
Patents
Other assets
Intangible assets	4,267	4,586
Technology-Based Intangible Assets
Other assets
Intangible assets	6,281	6,870
Customer Relationships
Other assets
Intangible assets	$ 28,162	$ 29,340