Core Viewpoint - CareCloud, Inc. has achieved a significant turnaround in its financial performance for the year ended December 31, 2024, returning to GAAP profitability, generating record cash flow, resuming dividends, and strengthening its balance sheet [1][4][9] Financial Performance - Full year 2024 revenue was $110.8 million, down from $117.1 million in 2023 [4][6] - GAAP net income for 2024 was $7.9 million, a recovery from a net loss of $48.7 million in 2023 [4][6] - Adjusted net income for 2024 was $10.5 million, or $0.65 per share [4][8] - Adjusted EBITDA for 2024 was $24.1 million, an increase of 56% from $15.4 million in 2023 [6][9] Fourth Quarter Performance - Fourth quarter 2024 revenue was $28.2 million, slightly down from $28.4 million in Q4 2023 [5][6] - GAAP net income for Q4 2024 was $3.3 million, compared to a net loss of $43.7 million in Q4 2023 [6][7] - Adjusted EBITDA for Q4 2024 was $7.1 million, a 73% increase from $4.1 million in the same period last year [6][7] Operational Improvements - The company has successfully transformed its cost structure, enhancing operational efficiency through AI-driven innovations [2][4] - Free cash flow for 2024 was $13.2 million, a substantial increase of 244% from $3.8 million in 2023 [6][9] Shareholder Actions - In January 2025, CareCloud increased the number of authorized common shares from 35 million to 85 million and declared two months of Preferred Stock dividends [3] - The conversion of 3.5 million shares of Series A Preferred Stock into common stock resulted in the issuance of 26 million additional common shares, reducing the annual dividend burden by $7.7 million [3][6] 2025 Guidance - For the fiscal year ending December 31, 2025, CareCloud expects revenue between $111 million and $114 million [12][13] - Adjusted EBITDA is anticipated to be between $26 million and $28 million, with net income per share projected at $0.10 to $0.13 [12][13]

Core Viewpoint - CareCloud, Inc. intends to voluntarily delist its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock from the Nasdaq Global Market due to non-compliance with listing requirements following a mandatory conversion of shares [1] Group 1: Delisting Announcement - The company will notify Nasdaq of its intent to delist the Series A Preferred Stock and expects to file a Form 25 with the SEC around March 21, 2025 [1] - The delisting is expected to be effective on or about March 31, 2025 [1] - The mandatory conversion involved converting each share of Series A Preferred Stock not held by a "material shareholder" into 7.3358 shares of common stock [1] Group 2: Company Overview - CareCloud specializes in healthcare information technology and generative AI solutions for medical practices and health systems [2] - The company offers a suite of technology-enabled solutions aimed at improving financial and operational performance, streamlining clinical workflows, and enhancing patient experience [2] - Over 40,000 providers rely on CareCloud for improving patient care while reducing administrative burdens and operating costs [2]

Core Viewpoint - CareCloud, Inc. has announced the mandatory conversion of its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock into Common Stock, which is expected to eliminate approximately $7 million in annual dividend obligations and improve the company's capital structure [1][2]. Group 1: Conversion Details - The conversion will be effective at 4:01 p.m. Eastern Time on March 6, 2025, with each share of Preferred Stock converting into 7.3358 shares of Common Stock, including all accumulated and unpaid dividends [2][3]. - Shareholders holding at least 100,000 shares of Preferred Stock will retain the right to object to the conversion if their shares are held by the company's transfer agent [3]. Group 2: Financial Implications - The conversion is anticipated to free up capital for reinvestment in growth initiatives, enhancing the company's ability to create shareholder value [2]. - The elimination of dividend obligations is expected to provide greater flexibility in managing the company's financial resources [2]. Group 3: Company Overview - CareCloud specializes in healthcare information technology and generative AI solutions, serving over 40,000 providers to improve patient care while reducing administrative burdens and operating costs [5].

Core Viewpoint - CareCloud, Inc. is resuming its acquisition strategy to enhance its position in the healthcare technology and revenue cycle management sectors, starting with the acquisition of Mesa, LLC, which was finalized on February 28, 2025 [2][3]. Group 1: Acquisition Strategy - The acquisition of Mesa, LLC marks CareCloud's first step in a renewed aggressive expansion strategy, aiming to reinforce its leadership in the healthcare billing industry [2][3]. - CareCloud has a history of successful acquisitions, having completed over 20 deals between 2012 and 2022, achieving a compound annual growth rate (CAGR) of over 30% during that period [3]. - The company is shifting back into high gear for acquisitions after a pause since Q2 2021, with MesaBilling being the starting point for this new phase [3]. Group 2: Market Context - The renewed focus on acquisitions aligns with a growing demand from medical practices for streamlined, technology-enabled financial management solutions [4]. - CareCloud plans to leverage its proprietary technology, including AI-powered revenue cycle management and automation tools, to expand its platform and serve a broader network of healthcare providers [4]. Group 3: Company Overview - CareCloud provides a suite of AI and technology-enabled solutions aimed at improving financial and operational performance, streamlining clinical workflows, and enhancing patient experiences [5]. - The company serves over 40,000 providers, helping them reduce administrative burdens and operating costs while improving patient care [5].

Core Viewpoint - CareCloud, Inc. is set to release its financial results for Q4 and the full year ended December 31, 2024, on March 13, 2025, before market opening, followed by a conference call for investors [1] Financial Results Announcement - The financial results will be disclosed before the market opens on March 13, 2025 [1] - A conference call for investors will take place at 8:30 a.m. Eastern Time on the same day [1] Accessing the Conference Call - Investors can access the live webcast of the conference call and related presentation slides at ir.carecloud.com/events [2] - An audio-only option is available by dialing 201-389-0920 and referencing "CareCloud Fourth Quarter 2024 Results Conference Call" [2] Replay Information - A replay of the conference call and related presentation slides will be available approximately three hours after the call concludes at the same link [3] - An audio-only replay can be accessed by dialing 412-317-6671 with access code 13751992 [3] Company Overview - CareCloud is a leader in healthcare technology and generative AI solutions, helping clients enhance financial and operational performance while improving patient care [4] - The company serves over 40,000 providers, offering solutions such as revenue cycle management, practice management, electronic health records, business intelligence, patient experience management, and digital health [4]

Core Points - CareCloud, Inc. has announced the transfer of funds for January 2025 dividend payments on its Series A and Series B Cumulative Redeemable Perpetual Preferred Stock [1][2] - Holders of Series A Preferred Stock will receive a dividend of 22.917 cents per share, while holders of Series B Preferred Stock will receive 18.229 cents per share, with a record date of January 31, 2025 [2][9] - The dividend payments are expected to be reflected in shareholders' brokerage accounts between February 18 and February 20, 2025 [2][9] Financial Management - The Interim Chief Financial Officer of CareCloud, Norman Roth, emphasized the company's commitment to responsible fiscal management and financial stability [3] - Dividends for both Series A and Series B Preferred Stock are cumulative and payable monthly, in arrears, on the 15th of each month or the next business day if the 15th is a bank holiday or weekend [3] Shareholder Communication - Shareholders who do not see their dividend payment by the end of the following week are encouraged to contact their broker for assistance [4] - For further inquiries, the CareCloud Investor Relations team can be reached via email [4] Company Overview - CareCloud provides a suite of AI and technology-enabled solutions aimed at improving financial and operational performance in healthcare [5] - The company serves over 40,000 providers, helping them enhance patient care while reducing administrative burdens and operating costs [5]

Core Insights - CareCloud, Inc. has launched an advanced referral module aimed at streamlining the referral process for medical providers and enhancing patient experience through automation and location-based guidance [1][3] - The new module allows healthcare providers to save up to 70% of the time typically spent on generating and managing referrals, enabling a more patient-focused approach [1][3] User Feedback - 92% of surveyed users rated CareCloud's advanced referral module as "exceptional," highlighting its ease of use and efficiency in enhancing patient satisfaction [2][3] - Users have noted that the module transforms the referral process by allowing real-time completion during patient visits, which ensures a seamless experience and faster access to specialty care [2][3] Key Features - Real-Time Referral Completion: Medical providers can complete referral forms while the patient is still in the office, ensuring accuracy and efficiency during the visit [7] - Specialist Recommendations with Location Guidance: Integrated maps and location-based tools help doctors recommend specialists near the patient's home or workplace [7] - Secure Patient Notifications: Patients receive text messages with a curated list of specialists, including secure links to detailed information [7] - Seamless Appointment Booking: Patients can contact their chosen specialist and book appointments directly through secure links [7] - Patient Access to Referral Documentation: Patients can securely download, print, or access their referral forms through their Personal Health Record (PHR) [7] Company Overview - CareCloud provides a suite of AI and technology-enabled solutions that help clients improve financial and operational performance, streamline clinical workflows, and enhance patient experience [4] - More than 40,000 providers rely on CareCloud to improve patient care while reducing administrative burdens and operating costs [4]

Core Insights - CareCloud, Inc. has launched an advanced referral module aimed at streamlining the referral process for medical providers and enhancing patient experience through automation and location-based guidance [1][3] - The new module allows healthcare providers to save up to 70% of the time typically spent on managing referrals, enabling a more patient-focused approach [1][3] User Feedback - 92% of surveyed users rated CareCloud's advanced referral module as "exceptional," highlighting its ease of use and efficiency in enhancing patient satisfaction [2][3] - Users have noted that the module transforms the referral process by allowing real-time completion during patient visits, which improves both efficiency and patient experience [2][3] Key Features - Real-Time Referral Completion: Providers can complete referral forms while the patient is still in the office, ensuring accuracy and efficiency [6] - Specialist Recommendations with Location Guidance: Integrated maps help doctors recommend nearby specialists, enhancing convenience for patients [6] - Secure Patient Notifications: Patients receive text messages with a curated list of specialists and secure links to detailed information [6] - Seamless Appointment Booking: Patients can book appointments directly through secure links, with automatic forwarding of referral forms to specialists [6] - Patient Access to Referral Documentation: Patients can securely download or access their referral forms through their Personal Health Record [6] Company Overview - CareCloud focuses on disciplined innovation in healthcare, offering AI and technology-enabled solutions to improve financial and operational performance, streamline workflows, and enhance patient experience [4] - The company serves over 40,000 providers, helping them improve patient care while reducing administrative burdens and operating costs [4]

Core Insights - CareCloud, Inc. has successfully completed a SOC 2 Type 2 examination for the second consecutive year, receiving a clean report with no exceptions, positioning it among less than 10% of all EHR vendors [1][3] - The examination covered critical areas such as security, availability, processing integrity, and confidentiality, highlighting the company's commitment to data security and regulatory compliance [1][2] - This achievement enhances CareCloud's ability to expand into larger client bases, including health systems and enterprise-level healthcare organizations that require robust security frameworks [2][3] Company Overview - CareCloud specializes in healthcare technology and AI-driven solutions, offering a suite of services that includes revenue cycle management (RCM), practice management (PM), electronic health records (EHR), and patient experience management [4] - The company serves over 40,000 providers, helping them improve patient care while reducing administrative burdens and operating costs [4] - CareCloud's focus on disciplined innovation aims to enhance financial and operational performance for its clients [4]

Somerset, NJ, Jan. 28, 2025 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the "Company") (NASDAQ:CCLD, CCLDO, CCLDP)), a leading provider of healthcare technology and generative AI solutions for medical practices and health systems nationwide, is pleased to announce its participation in The Microcap Conference 2025, the premier event for growth-focused companies and investors. The conference will take place January 28-30, 2025 at the Borgata Hotel Spa & Casino in Atlantic City, NJ. CareCloud's management team will d ...