---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-039076"
form_type: "8-K"
ticker: "CCLD"
cik: "0001582982"
company_name: "CareCloud, Inc."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:19:28.770439+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CareCloud Q3 revenue falls 13% to $29.3M; GAAP net loss $2.7M; maintains FY guidance

## Summary
- Revenue $29.3M, down 13% YoY; GAAP net loss $2.7M vs net income $1.1M in Q3 2022.
- Adjusted EBITDA $3.2M (11% of revenue) vs $4.8M in Q3 2022; adj. net income $203k ($0.01/share).
- Full-year 2023 guidance reaffirmed: revenue $120-122M, adj. EBITDA $15-17M.
- Company plans cost reductions to improve free cash flow by $10M annualized; launched CirrusAI generative AI platform.
- Cash at Sep 30: $6.4M; net working capital $5.5M; YTD adj. EBITDA $11.3M.

## SEC filing metadata
- accession: 0001493152-23-039076
- form_type: 8-K
- ticker: CCLD
- cik: 0001582982
- company_name: CareCloud, Inc.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1582982/000149315223039076/0001493152-23-039076-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1582982/000149315223039076/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-039076
- JSON: https://secwatch.observer/filing/0001493152-23-039076.json
- Plain text: https://secwatch.observer/filing/0001493152-23-039076.txt

## Key facts
- Earnings Releases
  CareCloud, Inc. reported quarter ended September 30, 2023 results: revenue $29.3 million, net income $2.7 million.
  - Period: quarter ended September 30, 2023
  - Revenue: $29.3 million
  - Net income: $2.7 million
  - Result: reported results
  source text: our position as a leading tech-enabled revenue cycle management provider and return the company to sustainable growth.” Third Quarter 2023 Highlights ● Revenue of $29.3 million, 13% decline from Q3 2022 ● GAAP net loss of $2.7 million, compared to a net income of $1.1 million in Q3 2022 ● Adjusted net income of $203,000, or $0.01 per share ● Adjusted
  evidence_url: https://www.sec.gov/Archives/edgar/data/1582982/000149315223039076/0001493152-23-039076-index.htm

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