---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-026514"
form_type: "8-K"
ticker: "CCLD"
cik: "0001582982"
company_name: "CareCloud, Inc."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T08:18:44.226766+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Revenue $29.4M, down 21% YoY from $37.2M; adjusted EBITDA $3.8M vs $7.0M in Q2 2022.
- GAAP net loss $1.8M vs income $2.7M; adjusted net income $1.4M ($0.09 per share).
- Full-year 2023 guidance lowered: revenue $120-122M, adjusted EBITDA $15-17M.
- CEO cites slower CareCloud Wellness rollout and soft professional services; Middle East expansion and Google AI partnership expected growth catalysts for 2024+.
- Cash $7.7M, net working capital $8.2M; YTD cash from operations $7.4M.

## SEC filing metadata
- accession: 0001493152-23-026514
- form_type: 8-K
- ticker: CCLD
- cik: 0001582982
- company_name: CareCloud, Inc.
- filed_at: 2023-08-03T23:59:59+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/1582982/000149315223026514/0001493152-23-026514-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1582982/000149315223026514/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-026514
- JSON: https://secwatch.observer/filing/0001493152-23-026514.json
- Plain text: https://secwatch.observer/filing/0001493152-23-026514.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1582982/000149315223026514/0001493152-23-026514-index.htm
- Earnings Releases
  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
  source text: Revenue for the first six months of 2023 was $59.4 million, compared to $72.6 million in the first six months of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1582982/000149315223026514/0001493152-23-026514-index.htm
- Earnings Releases
  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
  source text: 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 ●
  evidence_url: https://www.sec.gov/Archives/edgar/data/1582982/000149315223026514/0001493152-23-026514-index.htm

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