---
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"
generated_at: "2026-06-15T21:58:08.452598+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CareCloud Q1 revenue down 15% to $30M; GAAP net loss of $401k; reaffirms FY 2023 guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-015370
- JSON: https://secwatch.observer/filing/0001493152-23-015370.json
- Plain text: https://secwatch.observer/filing/0001493152-23-015370.txt

## Key facts
- Earnings Releases
  CareCloud, Inc. reported fiscal year ending December 31, 2023 results: revenue $142 – $146 million. Guidance reaffirmed.
  - Period: fiscal year ending December 31, 2023
  - Revenue: $142 – $146 million
  - Guidance: reaffirmed
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1582982/000149315223015370/0001493152-23-015370-index.htm
- Earnings Releases
  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.
  - Period: first quarter 2023
  - Revenue: $30.0 million
  - Net income: net loss of $401,000
  - EPS: $0.28 per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: First Quarter 2023 Highlights ● Revenue of $30.0 million ● GAAP net loss of $401,000, or $0.28 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1582982/000149315223015370/0001493152-23-015370-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.