secwatch.observer — SEC 8-K summary
======================================

Issuer:     CareCloud, Inc. (CCLD)
CIK:        0001582982
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001493152-23-026514
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1582982/000149315223026514/0001493152-23-026514-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1582982/000149315223026514/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-026514

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer