{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-015370","form_type":"8-K","ticker":"CCLD","cik":"0001582982","company_name":"CareCloud, Inc.","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.511484+00:00","generated_at":"2026-06-15T21:58:08.452598+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"CareCloud Q1 revenue down 15% to $30M; GAAP net loss of $401k; reaffirms FY 2023 guidance","bullets":["Revenue $30.0M (down 15% YoY); GAAP net loss $401k ($0.28/sh) vs $1.1M net income a year ago.","Adjusted net income $2.4M ($0.15/sh); Adjusted EBITDA $4.2M (14% margin) vs $4.7M last year.","Revenue decline driven by two large acquired clients migrating off in mid-2022 ($2.6M), lower professional services ($1.2M), and end of COVID-related RCM ($1.2M).","Reiterates FY 2023 guidance: revenue $142-146M, adjusted EBITDA $24-27M.","Cash $8.2M; $10M drawn on SVB/First-Citizens line of credit; net working capital $12.3M."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-015370","json":"https://secwatch.observer/filing/0001493152-23-015370.json","markdown":"https://secwatch.observer/filing/0001493152-23-015370.md","text":"https://secwatch.observer/filing/0001493152-23-015370.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1582982/000149315223015370/0001493152-23-015370-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1582982/000149315223015370/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T21:58:08.452598+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"240800193a23bbec29021bd64a3de1d954fed1d8","claim":"CareCloud, Inc. reported fiscal year ending December 31, 2023 results: revenue $142 – $146 million. Guidance reaffirmed.","evidence_excerpt":"CareCloud is reiterating the following forward-looking guidance for the fiscal year ending December 31, 2023: For the Fiscal Year Ending December 31, 2023 Forward-Looking Guidance Revenue $142 – $146 million Adjusted EBITDA $24 – $27 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1582982/000149315223015370/0001493152-23-015370-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year ending December 31, 2023"},{"label":"Revenue","value":"$142 – $146 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"580ed6a7f1c2b9f4a6e593eab4a4aa00d4554190","claim":"CareCloud, Inc. reported first quarter 2023 results: revenue $30.0 million, net income net loss of $401,000, EPS $0.28 per share. Guidance reaffirmed.","evidence_excerpt":"First Quarter 2023 Highlights ● Revenue of $30.0 million ● GAAP net loss of $401,000, or $0.28 per share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1582982/000149315223015370/0001493152-23-015370-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2023"},{"label":"Revenue","value":"$30.0 million"},{"label":"Net income","value":"net loss of $401,000"},{"label":"EPS","value":"$0.28 per share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}