CareCloud Q3 net income $3.1M, repays $10M credit line, plans preferred dividends March 2025

CareCloud, Inc.

2024-Q3 EPS reported -$0.28 revenue$82,598,000

GAAP net income $3.1M in Q3 2024 vs net loss $2.7M in Q3 2023; adjusted net income $3.5M up 1,610%.
Adjusted EBITDA $6.8M (24% of revenue) vs $3.2M in Q3 2023, up 111%; free cash flow $5.4M record.
Revenue $28.5M down 2.5% YoY; full-year guidance: revenue reaffirmed $109-111M, adjusted EBITDA raised to $23-25M.
Fully repaid $10M SVB credit line using internal cash flow; plans to resume Series A & B preferred dividends on March 15, 2025.
Shareholders approved Series A Preferred Special Proxy, reducing future dividend cash requirements by ~$2.5M/year.

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