CareCloud Delivers Growth and Strong Cash Flow in Q1 2025, Advances AI and Acquisition Strategy

Core Insights - CareCloud, Inc. reported strong financial results for Q1 2025, highlighting a transformational turnaround driven by strategic execution, AI innovation, and disciplined financial management [1][3] - The company is positioned for sustained profitability and long-term growth, with management set to discuss growth strategies in a conference call [1][9] Financial Highlights - Revenue for Q1 2025 was $27.6 million, a 6% increase from $26.0 million in Q1 2024 [6] - GAAP net income reached $1.9 million, compared to a net loss of $241,000 in Q1 2024 [6] - Adjusted EBITDA was $5.6 million, reflecting a 52% increase from $3.7 million in Q1 2024 [6] - Adjusted net income was $2.3 million, equating to $0.05 per share [6] Strategic Developments - CareCloud launched its AI Center of Excellence, aiming to build a team of 500 AI specialists by Q4 2025 [6] - The company completed the conversion of 3.5 million Series A preferred shares into 26 million common shares, reducing annual dividend commitments by approximately $7.7 million [6] - Preferred stock dividends resumed in February 2025, with six months of dividends declared to date [6][4] 2025 Guidance - CareCloud anticipates full-year 2025 revenue between $111 million and $114 million, based on expectations of organic growth and client additions [7][8] - Adjusted EBITDA is projected to be between $26 million and $28 million for the full year [8] - Earnings per share (EPS) is expected to range from $0.10 to $0.13 [8]