CareCloud Reports Third Quarter 2025 Results

Core Insights - CareCloud, Inc. has raised its full-year 2025 revenue guidance to $117 – $119 million, up from the previous range of $111 – $114 million, reflecting strong financial performance and growth momentum [1][7] - The company reported a 9% year-over-year increase in quarterly revenue, marking its sixth consecutive quarter of positive GAAP net income [1][2] - CareCloud's strategic focus on AI-driven innovation and successful integration of recent acquisitions is enhancing its position in the healthcare technology sector [1][5] Financial Highlights - For the three months ended September 30, 2025, CareCloud reported revenue of $31.1 million, compared to $28.5 million in the same period of 2024, representing a 9% increase [2] - GAAP net income remained stable at $3.1 million, with GAAP EPS improving to $0.04 from a loss of $0.04 in the previous year [2] - Adjusted net income for the quarter was $4.4 million, a 27% increase from $3.5 million in 2024, and adjusted EBITDA rose by 13% to $7.7 million [2] Year-to-Date Performance - For the nine months ended September 30, 2025, total revenue was $86.1 million, up 4% from $82.6 million in 2024 [4] - GAAP net income increased by 74% to $7.9 million, with GAAP EPS improving to $0.07 from a loss of $0.28 [4] - Adjusted net income for the nine months was $10.0 million, a 50% increase from $6.6 million in the previous year [4] Strategic Updates - The company has completed four strategic acquisitions in 2025, including Medsphere, which is expected to broaden its reach in the hospital market [5][6] - CareCloud has established an AI Center of Excellence to drive product innovation and enhance operational efficiency [6] - Management emphasized the synergy between recent acquisitions and AI initiatives, which are expected to create significant value for clients and shareholders [5] 2025 Guidance - CareCloud's updated guidance for 2025 includes revenue expectations of $117 – $119 million, adjusted EBITDA of $26 – $28 million, and EPS of $0.10 - $0.13 [7][8] - The revenue guidance reflects management's expectations regarding contributions from recent acquisitions and organic growth [7]