CareCloud Q3 revenue falls 12% to $33.7M; net income down; FY guidance reaffirmed

CareCloud, Inc.

2023-Q3 EPS reported -$0.45 revenue$106,292,000

Revenue $33.7M (-12% YoY); GAAP net income $1.1M vs $1.5M in Q3 2021.
Adjusted net income $3.3M ($0.21/share); adjusted EBITDA $4.8M vs $6.7M.
Year-to-date revenue $106.3M (+4% YoY); adjusted EBITDA $16.6M (+3%).
Record organic bookings: Q3 added $7.1M annual recurring revenue; YTD $14.3M.
FY 2022 guidance reaffirmed: revenue $140-143M; adjusted EBITDA $22-24M.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CareCloud, Inc. reported the quarter ended September 30, 2022 results: revenue $33.7 million, net income $1.1 million. Guidance reaffirmed.

Period: the quarter ended September 30, 2022
Revenue: $33.7 million
Net income: $1.1 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

or $0.81 per share ● Adjusted EBITDA of $16.6 million, an increase of $546,000 from $16.0 million in the same period last year Third Quarter 2022 Highlights ● Revenue of $33.7 million, a 12% decline from Q3 2021 ● GAAP net income of $1.1 million, compared to net income of $1.5 million in Q3 2021 ● Adjusted net income of $3.3 million, or $0.21 per share ●

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Source: SEC EDGAR

accession 0001493152-22-030282

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