CareCloud Reports Second Quarter 2025 Results

Core Insights - CareCloud, Inc. has reported its first quarter of positive GAAP EPS in its history since going public, indicating a significant milestone in financial performance [1][6][9] - The company has launched an AI Center of Excellence aimed at enhancing operational efficiency and driving innovation in healthcare technology [5][6][7] - CareCloud's financial results show strong growth, with a GAAP net income of $2.9 million for Q2 2025, a 73% increase from Q2 2024 [6][7] Financial Performance - GAAP net income for Q2 2025 was $2.9 million, up from $1.7 million in Q2 2024, representing a 73% increase [6] - Positive GAAP EPS of $0.04 per share compared to a negative GAAP EPS of ($0.14) per share in Q2 2024 [6] - Revenue for Q2 2025 was $27.4 million, slightly down from $28.1 million in Q2 2024 [6] - Year-to-date revenue for 2025 reached $55.0 million, compared to $54.1 million in the same period last year [6] Strategic Initiatives - The AI Center of Excellence is expected to scale to 500 team members by year-end, focusing on automating clinical workflows and optimizing revenue cycle management [5][6] - CareCloud has completed two acquisitions in 2025 and is actively evaluating additional opportunities to enhance its market position [6][7] - The company continues to pay preferred stock dividends monthly from internally generated free cash flow, demonstrating financial stability [7] Guidance and Future Outlook - CareCloud reaffirms its revenue guidance for 2025, expecting between $111 million and $114 million [9][10] - Adjusted EBITDA is projected to be between $26 million and $28 million for the full year 2025 [10] - GAAP EPS is anticipated to be in the range of $0.10 to $0.13 for the fiscal year ending December 31, 2025 [9][10]