secwatch.observer — SEC 8-K summary
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Issuer:     CareCloud, Inc. (CCLD)
CIK:        0001582982
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001493152-24-044505
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1582982/000149315224044505/0001493152-24-044505-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1582982/000149315224044505/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-044505

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