secwatch / observer
8-K filed August 3, 2023, 7:59 PM ET ticker CCLD CIK 0001582982
earnings confidence high sentiment negative materiality 0.75

CareCloud Q2 revenue falls 21% to $29.4M; net loss $1.8M; lowers FY guidance

CareCloud, Inc.

2023-Q2 EPS reported -$0.65 revenue$59,363,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CareCloud, Inc. reported the fiscal year ending December 31, 2023 results: revenue $120 – $122 million. Guidance reaffirmed.

Period
the fiscal year ending December 31, 2023
Revenue
$120 – $122 million
Guidance
reaffirmed
Result
guidance update
Exact text from the filing
CareCloud is updating its forward-looking guidance for the fiscal year ending December 31, 2023: For the Fiscal Year Ending December 31, 2023 Forward-Looking Guidance Revenue $120 – $122 million Adjusted EBITDA $15 – $17 million
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CareCloud, Inc. reported the first six months of 2023 results: revenue $59.4 million, net income GAAP net loss was $2.2 million, EPS $0.24 per share.

Period
the first six months of 2023
Revenue
$59.4 million
Net income
GAAP net loss was $2.2 million
EPS
$0.24 per share
Result
reported results
Exact text from the filing
Revenue for the first six months of 2023 was $59.4 million, compared to $72.6 million in the first six months of 2022.
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CareCloud, Inc. reported the quarter ended June 30, 2023 results: revenue $29.4 million, net income GAAP net loss was $1.8 million, EPS $0.09 per share.

Period
the quarter ended June 30, 2023
Revenue
$29.4 million
Net income
GAAP net loss was $1.8 million
EPS
$0.09 per share
Result
reported results
Exact text from the filing
East and the widespread adoption of our CareCloud Wellness solutions, we are excited about the growth prospects for our Company.” Second Quarter 2023 Highlights ● Revenue of $29.4 million, 21% decline from Q2 2022 ● GAAP net loss of $1.8 million, compared to a net income of $2.7 million in Q2 2022 ● Adjusted net income of $1.4 million, or $0.09 per share ●
View on SEC.gov

Browse all earnings releases →

CareCloud, Inc. filing history →

Source: SEC EDGAR
accession 0001493152-23-026514
Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.