{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-010726","form_type":"8-K","ticker":"CCLD","cik":"0001582982","company_name":"CareCloud, Inc.","filed_at":"2024-03-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.700868+00:00","generated_at":"2026-06-04T09:52:32.370261+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"CareCloud FY2023 revenue $117.1M (-16% YoY), GAAP net loss $48.7M, suspends preferred dividends","bullets":["FY2023 revenue $117.1M (down 16% YoY); GAAP net loss $48.7M vs net income $5.4M in 2022; adjusted net income $4.8M ($0.30/sh).","Q4 2023 revenue $28.4M (-13% YoY); GAAP net loss $43.7M, including $42M goodwill impairment from preferred dividend suspension.","Preferred monthly dividends suspended starting Dec 2023; dividends accrue in arrears; Board to review periodically.","Cost reduction plan to improve annualized free cash flow by ~$18M, ~$13M in 2024; 2024 guidance: rev $118-120M, adj. EBITDA $21-23M."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-010726","json":"https://secwatch.observer/filing/0001493152-24-010726.json","markdown":"https://secwatch.observer/filing/0001493152-24-010726.md","text":"https://secwatch.observer/filing/0001493152-24-010726.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1582982/000149315224010726/0001493152-24-010726-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1582982/000149315224010726/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T09:52:32.370261+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"07b92b67f6233e04a63f22bcda74dd2e301eb99d","claim":"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.","evidence_excerpt":"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 ●","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1582982/000149315224010726/0001493152-24-010726-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter 2023"},{"label":"Revenue","value":"$28.4 million"},{"label":"Net income","value":"GAAP net loss of $43.7 million"},{"label":"EPS","value":"GAAP net loss per share for the fourth quarter 2023 was $3.00"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"085ba08520d3e5f238fa0084b49795a779bb85e2","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1582982/000149315224010726/0001493152-24-010726-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2023"},{"label":"Revenue","value":"$117.1 million"},{"label":"Net income","value":"GAAP net loss of $48.7 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}