Stephen Snyder
Effective May 1, 2024, Stephen Snyder has been appointed President of CareCloud, Inc.
Highest-materiality recent filing
CareCloud Q2 revenue up 16% to $31.9M; GAAP net income $1.1M, reaffirms FY2026 guidance
Revenue $31.9M (+16% YoY); GAAP net income $1.1M vs $2.9M in Q2 2025.
Mahmud Haq and two trusts pledged 4,300,000 shares of CCLD common stock to Citizens Bank as additional collateral for $40M term loan and $10M revolver.
CareCloud completes full redemption of Series B Preferred Stock for ~$41.6M
All outstanding shares of 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock redeemed on May 15, 2026.
CareCloud Q1 revenue $31.3M (+13% YoY), reaffirms 2026 guidance; Series B redemption set for May 15
Revenue $31.3M vs $27.6M in Q1 2025, up 13% year-over-year.
CareCloud closes $50M credit facility, will redeem all Series B Preferred at $27.52/share
$40M term loan + $10M revolver with Citizens and Provident; matures in 4 years.
CareCloud reports cybersecurity incident affecting patient data in one EHR environment
On March 16, unauthorized third party accessed one of six EHR environments; systems restored same day.
CareCloud appoints Cameron Munter to Audit Committee; regains Nasdaq compliance
Cameron Munter appointed to Audit Committee effective March 24, 2026.
CareCloud plans double monthly dividends on Series B Preferred to clear $3.9M arrears by Q1 2027
Board adopts formal plan to pay double monthly dividends on Series B Preferred Stock beginning January 2026.
CareCloud Q3 revenue $31.1M (+9% YoY); raises FY2025 revenue guidance to $117-119M
Q3 revenue $31.1M (+9% YoY); GAAP EPS $0.04 vs ($0.04) loss; adjusted EBITDA $7.7M, +13%.
CareCloud acquisition of Medsphere reveals $16.9M net loss, going concern doubt
Medsphere 2024 net loss of $16.9M on revenue of $39.4M, down 13.6% YoY from $45.6M.
New $10M facility from Provident Bank; $8.3M drawn at closing to replace Wells Fargo promissory note for Medsphere acquisition.
CareCloud closes $16.5M acquisition of Medsphere, expands into hospital IT market
Total purchase price $16.5M: $8.25M cash plus $8.25M deferred payment to Wells Fargo at 12% interest, due Feb 20, 2026.
CareCloud auditor RRBB resigns after public float exceeds $75M; Tanner LLC appointed
RRBB resigned Aug 14, 2025 due to inability to perform SOX 404(b) attestation after public float exceeded $75M as of June 30, 2025.
CareCloud reports Q2 2025 positive GAAP EPS $0.04 (first as public co); net income up 73%
GAAP net income $2.9M vs $1.7M YoY (+73%); GAAP EPS $0.04 vs ($0.14) loss.
CareCloud Q1 revenue up 6% to $27.6M; GAAP net income of $1.9M vs loss year ago
Adjusted EBITDA of $5.6M (+52% YoY); adjusted net income $2.3M ($0.05/sh).
CareCloud reports FY2024 net income $7.9M vs loss $48.7M; guides FY2025 EBITDA $26-28M
FY2024 GAAP net income $7.9M vs net loss $48.7M in 2023; revenue $110.8M (down from $117.1M).
CareCloud converts Series A Preferred Stock, eliminating ~$7M+ annual dividends
Conversion of Series A Preferred Stock into common stock at 7.3358 shares per share effective March 6, 2025.
CareCloud increases authorized common shares from 35M to 85M after shareholder approval
Shareholders approved amendment at January 27, 2025 special meeting.
CareCloud resumes preferred dividends early, declares $0.18229/share for Jan and Feb 2025
CareCloud resumes Series A (CCLDP) and Series B (CCLDO) preferred dividend payments ahead of schedule on strong free cash flow.
Stephen Snyder and A. Hadi Chaudhry will serve as Co-CEOs, Crystal Williams as President, effective January 1, 2025.
CareCloud seeks shareholder approval to increase authorized common shares from 35M to 85M
Proposal increases authorized common shares from 35M to 85M to enable acquisitions, organic growth, and preferred conversion.
CareCloud Q3 net income $3.1M, repays $10M credit line, plans preferred dividends March 2025
GAAP net income $3.1M in Q3 2024 vs net loss $2.7M in Q3 2023; adjusted net income $3.5M up 1,610%.
CareCloud pays off $10M credit line with SVB, reduces facility to $10M, saves ~$140k annually
CareCloud fully paid down its $10M outstanding credit facility with SVB, achieving a key 2024 goal ahead of schedule.
CareCloud reduces Series A preferred dividend from 11% to 8.75%, adds mandatory exchange right
Dividend rate reduced from 11% to 8.75% per annum; annual dividend per share from $2.75 to $2.1875.
CareCloud Q2 GAAP net income $1.7M, first positive since 2022; adj EBITDA up 67%
GAAP net income $1.7M in Q2 2024 vs net loss $1.8M in Q2 2023; adj net income $3.0M ($0.18/sh).
Special meeting of Series A Preferred Shareholders set for August 23, 2024; requires 2/3 approval.
CareCloud Q1 revenue $26M, posts positive GAAP operating income for first time since 2022
Revenue $26.0M (-13% YoY); GAAP operating income $129K vs loss $223K in Q1 2023.
CareCloud appoints Stephen Snyder as President effective May 1, 2024; Chaudhry remains CEO
Stephen Snyder's annual base salary set at $300,000; target bonus up to 100% of base salary.
CareCloud FY2023 revenue $117.1M (-16% YoY), GAAP net loss $48.7M, suspends preferred dividends
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).
CareCloud CFO Larry Steenvoorden departs; Controller Norman Roth named interim CFO
CFO Larry Steenvoorden and CareCloud mutually separated effective Jan 17, 2024; no disagreement over operations or accounting.
CareCloud suspends monthly cash dividends on Series A & B preferred stock; defers ~$1.3M/mo
Suspension begins with Dec. 15, 2023 payment; affects 11% Series A and 8.75% Series B cumulative redeemable perpetual preferred stock.
Effective May 1, 2024, Stephen Snyder has been appointed President of CareCloud, Inc.
As of such date, A. Hadi Chaudhry is no longer President of the Registrant, but remains the Registrant’s Chief Executive Officer.
Effective January 17, 2024, Norman Roth the Registrant’s Controller and Principal Accounting Officer has been appointed Interim Chief Financial Officer until such time as a new Chief Financial Officer is appointed.
Effective as of January 17, 2024, Larry Steenvoorden the Chief Financial Officer and the Registrant agreed to a mutual separation.
elected Bill Korn to serve as a Class II Director of the Company, effective as of October 9, 2023.
Bill Korn will join CareCloud’s Board of Directors and will resign as Chief Strategy Officer of the Registrant, effective October 6, 2023.
Bill Korn will continue as Chief Strategy Officer and no longer also be Acting Chief Financial Officer
Effective July 10, 2023, Larry Steenvoorden has been appointed Chief Financial Officer
Effective May 11, 2023, Bill Korn, the Registrant’s former Chief Financial Officer and current Chief Strategy Officer, has been appointed Acting Chief Financial Officer until such time as a new Chief Financial Officer is appointed.
On May 10, 2023, Joseph DosSantos resigned as Chief Financial Officer of the Registrant.
Effective May 8, 2023, Bill Korn, the Registrant’s current Chief Financial Officer, has assumed the role of Chief Strategy Officer
and Joseph DosSantos has been appointed Chief Financial Officer.
Max materiality 0.85 · Median 0.60 · Most common event other_material