secwatch.observer — SEC 8-K summary
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Issuer:     CareCloud, Inc. (CCLD)
CIK:        0001582982
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001493152-24-031462
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CareCloud Q2 GAAP net income $1.7M, first positive since 2022; adj EBITDA up 67%
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- GAAP net income $1.7M in Q2 2024 vs net loss $1.8M in Q2 2023; adj net income $3.0M ($0.18/sh).
- Adjusted EBITDA $6.4M (23% of revenue), up 67% from $3.8M in Q2 2023.
- Revenue $28.1M, down 4% from $29.4M; H1 revenue $54.1M vs $59.4M.
- H1 free cash flow $4.9M, up 265% from $1.3M; credit facility balance cut to $2.5M (10% drawn).
- Identified ~$26M in annualized expense reductions since Oct 2023, $20M expected this year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1582982/000149315224031462/0001493152-24-031462-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1582982/000149315224031462/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-031462

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