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CloudMD Software & Services Inc. • • • • CloudMD Reports Record Revenue of $ 15.7 Million in Second Quarter 2021 ; 9 % Quarter Over Quarter Organic Growth Record Q2 2021 revenue of $ 15.7 million ; an increase of 461 % compared to Q2 2020 . Closed the acquisitions of Aspiria , Rxi , VisionPros and Oncidium in Q2 2021 , adding $ 96 million of annual revenue . Launch of new Complete Health Platform with national client with over 10,000 employees . Complete Health Platform gains momentum with enterprise clients ; increase of over 260,000 employees , driving growth in Enterprise Health Solutions and Digital Health Services . Strong financial expectations with annualized revenue run rate exceeding $ 140 million and positive Adjusted EBITDA¹ in Q3 2021 . - VANCOUVER , British Columbia , August 25 , 2021 CloudMD Software & Services Inc. ( TSXV : DOC , OTCQB : DOCRF , Frankfurt : 6PH ) ( the " Company " or " CloudMD ” ) , a healthcare technology company revolutionizing the delivery of care , announced its financial results for the second quarter ended June 30 , 2021. All financial information is presented in Canadian dollars unless otherwise indicated . Dr. Essam Hamza , CEO of CloudMD commented , " I am very pleased with our second quarter financial results as we delivered another strong quarter that reflects consistent growth across all divisions of the Company . Q2 2021 was an impactful quarter for CloudMD as we closed three of the largest acquisitions to date and added $ 96 million to our annualized revenue run rate , which will be fully recognized in Q3 2021. We are proud of the significant growth we have delivered already , and we are extremely excited about the future of CloudMD . The integration of our health technology solutions into one comprehensive healthcare ecosystem is on track and we have achieved impressive early adoption rates which will continue to drive organic growth . We are confident in our vision to disrupt healthcare delivery with a whole - person , patient - focused approach , which will translate into meaningful revenue growth in the future . " Second Quarter 2021 Financial Highlights • Q2 2021 revenue was $ 15.7 million , compared to $ 8.8 million in Q1 2021 and $ 2.8 million in Q2 2020. The increase is primarily attributable to acquisition growth with 4 acquisitions completed in the quarter , and 14 acquisitions completed in the last twelve months . Excluding the impact of Q2 2021 business acquisitions , the Company achieved a 9 % organic growth rate from its existing businesses over Q1 2021 . 1 Adjusted EBITDA and Gross Margin are non - GAAP measures as described in the Non - GAAP Financial Measures section of this News Release .