secwatch / observer
8-K filed March 21, 2024, 7:59 PM ET ticker CCLD CIK 0001582982
earnings confidence high sentiment negative materiality 0.80

CareCloud FY2023 revenue $117.1M (-16% YoY), GAAP net loss $48.7M, suspends preferred dividends

CareCloud, Inc.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CareCloud, Inc. reported the fourth quarter 2023 results: revenue $28.4 million, net income GAAP net loss of $43.7 million, EPS GAAP net loss per share for the fourth quarter 2023 was $3.00.

Period
the fourth quarter 2023
Revenue
$28.4 million
Net income
GAAP net loss of $43.7 million
EPS
GAAP net loss per share for the fourth quarter 2023 was $3.00
Result
reported results
Exact text from the filing
share, compared to $16.3 million or $1.07 per share in 2022 ● Adjusted EBITDA of $15.4 million, compared to $22.2 million in 2022 Fourth Quarter 2023 Highlights ● Revenue of $28.4 million, as compared to $32.5 million in Q4 2022 ● GAAP net loss of $43.7 million, compared to net income of $499,000 in Q4 2022 ● Adjusted net income of $835,000, or $0.05 per share ●
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CareCloud, Inc. reported the year ended December 31, 2023 results: revenue $117.1 million, net income GAAP net loss of $48.7 million. Guidance initiated.

Period
the year ended December 31, 2023
Revenue
$117.1 million
Net income
GAAP net loss of $48.7 million
Guidance
initiated
Result
reported results
Exact text from the filing
regularly review profitability and cash flow and consider when the Company is able to lift the suspension and resume paying dividends. Full Year 2023 Highlights ● Revenue of $117.1 million, as compared to $138.8 million in 2022 ● GAAP net loss of $48.7 million, compared to net income of $5.4 million in 2022 ● Adjusted net income of $4.8 million or $0.30 per
View on SEC.gov

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CareCloud, Inc. filing history →

Source: SEC EDGAR
accession 0001493152-24-010726
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