secwatch.observer — SEC 8-K summary
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Issuer:     CareCloud, Inc. (CCLD)
CIK:        0001582982
Form:       8-K/A
Filed at:   2025-10-31T23:59:59+00:00
Accession:  0001493152-25-020427
Event type: m_and_a
Sentiment:  negative
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CareCloud acquisition of Medsphere reveals $16.9M net loss, going concern doubt
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- Medsphere 2024 net loss of $16.9M on revenue of $39.4M, down 13.6% YoY from $45.6M.
- Goodwill impairment of $5.1M and operating loss of $8.5M in 2024.
- Cash and equivalents of $2.0M vs. total notes payable of $56.7M, $53.9M current.
- Auditor issued going concern opinion citing insufficient cash to cover $53.6M past due notes.
- Shareholders' deficit of ($49.3M) as of Dec 31, 2024; negative equity from accumulated losses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1582982/000149315225020427/0001493152-25-020427-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1582982/000149315225020427/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-020427

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