---
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"
generated_at: "2026-06-04T09:52:32.370261+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-010726
- JSON: https://secwatch.observer/filing/0001493152-24-010726.json
- Plain text: https://secwatch.observer/filing/0001493152-24-010726.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1582982/000149315224010726/0001493152-24-010726-index.htm
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1582982/000149315224010726/0001493152-24-010726-index.htm

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