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CareCloud Highlights Successful Preferred A Conversion, Progress Toward Capital Structure Simplification, and Reaffirms Growth Outlook
Globenewswire· 2026-03-30 11:00
Core Viewpoint - CareCloud, Inc. has successfully converted its Series A Preferred Stock into common equity, resulting in a significant increase in common shares outstanding and reaffirming its growth outlook while maintaining financial guidance [1][2][3] Group 1: Preferred Stock Conversion - The conversion of Series A Preferred Stock, completed on March 6, 2025, led to the issuance of approximately 26 million shares of common stock, raising the total common shares outstanding from about 16 million to approximately 42 million [2] - Following the conversion, CareCloud's stock has shown resilience, trading at a recent closing price of $3.49 on March 27, 2026, consistent with levels observed before and during the conversion [2] - The conversion process is nearly complete, with only three substantial shareholders remaining, indicating a strong market transition reflective of the company's business fundamentals [2] Group 2: Financial Guidance and Business Outlook - CareCloud's CEO, Stephen Snyder, emphasized the company's strong operating model, which includes significant recurring revenue and robust cash flow generation, and plans to simplify its capital structure over time [3] - The company has approximately $40 million of Series B Preferred Stock outstanding, which does not have a conversion feature into common equity, thus not posing future dilution risks to common shareholders [3] - CareCloud reaffirms its financial guidance and expresses confidence in its growth outlook, noting that a previously disclosed cybersecurity incident was contained and had no material impact on operations [3] Group 3: Company Overview - CareCloud provides healthcare technology and revenue cycle management solutions, helping over 45,000 providers enhance financial and operational performance while improving patient care [4] - The company's offerings include revenue cycle management (RCM), practice management (PM), electronic health records (EHR), business intelligence, patient experience management (PXM), and digital health solutions [4]
CareCloud to Participate in the 6th Annual KeyBanc Capital Markets Healthcare Virtual Forum
Globenewswire· 2026-03-17 12:00
Core Insights - CareCloud, Inc. announced participation in the 6th Annual KeyBanc Capital Markets Healthcare Virtual Forum on March 17, 2026, highlighting its role in healthcare technology and AI-powered solutions [1] - The company will engage in a fireside chat during the forum, which will be streamed live and later available for replay on its investor relations website [2] - CareCloud reported its first full year of positive earnings per share since its IPO 12 years ago, exceeding the top end of its revenue forecast and increasing free cash flow by over 500% in the last three years [3] Company Overview - CareCloud focuses on innovation in healthcare, offering AI and technology-enabled solutions that enhance financial and operational performance, streamline clinical workflows, and improve patient experiences [4] - The company serves over 45,000 providers, assisting them in improving patient care while reducing administrative burdens and operating costs [4]
CareCloud to Announce Fourth Quarter and Full Year 2025 Results on March 12, 2026
Globenewswire· 2026-02-19 13:00
Core Viewpoint - CareCloud, Inc. will announce its financial results for Q4 and the full year of 2025 on March 12, 2026, before market opening, followed by a conference call for investors at 8:30 a.m. Eastern Time [1]. Financial Results Announcement - The financial results will cover the fourth quarter and the full year ended December 31, 2025 [1]. - A live webcast of the conference call and related presentation slides will be available at ir.carecloud.com/events [2]. - An audio-only option for the conference call can be accessed by dialing 201-389-0920 and referencing "CareCloud, Inc. Fourth Quarter 2025 Results Conference Call" [2]. Conference Call Replay - 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 option for the replay can be accessed by dialing 412-317-6671 and providing the access code 13758591 [3]. Company Overview - CareCloud specializes in AI-powered healthcare technology and revenue cycle management solutions, serving over 45,000 providers [4]. - The company's solutions aim to enhance financial and operational performance, streamline clinical workflows, and improve patient experience [4]. - CareCloud offers a range of products and services, including revenue cycle management (RCM), practice management (PM), electronic health records (EHR), business intelligence, patient experience management (PXM), and digital health [4].
CareCloud Appoints Chief Strategy Officer to Lead Enterprise AI Platform as Company Enters 2026 as Its Defining AI Year
Globenewswire· 2025-12-29 13:00
Core Insights - CareCloud is positioning itself for significant growth in 2026 by aligning its leadership to enhance execution, expand margins, and accelerate AI-driven innovation across healthcare markets [1][3][4] Leadership Changes - Effective January 1, 2026, A. Hadi Chaudhry will become Chief Strategy Officer, focusing on enterprise AI vision and initiatives, while Stephen Snyder will continue as CEO, emphasizing disciplined execution and financial performance [2][5] Operational Focus - The leadership evolution reflects a shift towards a more execution-focused operating model, dedicating resources to accelerate AI development as a competitive advantage [3][4] Financial Performance - CareCloud has shown strong momentum, with significant margin expansion and improved cash flow consistency, on track for its first year of positive earnings per share since going public [4][5] Market Expansion - The company has successfully entered the hospital software market through acquisitions, increasing its addressable market and extending its reach across the full care continuum [4][5] AI Strategy - CareCloud aims to leverage AI to reshape healthcare operations, with 2026 seen as a pivotal year for AI adoption among its clients [5] Company Overview - CareCloud provides a suite of AI and technology-enabled solutions to enhance financial and operational performance for over 40,000 providers, focusing on revenue cycle management, practice management, electronic health records, and more [6]
CareCloud Announces Plan to Pay Double Monthly Dividends on its Series B Preferred Stock Beginning in January 2026
Globenewswire· 2025-11-10 13:00
Core Viewpoint - CareCloud, Inc. has announced a formal plan to address 14 months of accumulated unpaid dividends on its Series B Preferred Stock, reflecting the company's financial turnaround and confidence in its growing recurring revenues and margins [1][4]. Dividend Plan - The company plans to issue double monthly dividend payments, starting with the January 2026 dividend, which will include one regular payment and one additional payment for the arrears [2][6]. - The total amount of accumulated dividends in arrears is approximately $3.9 million, equating to $2.55 per share of Series B Preferred Stock [6]. Financial Strength and Commitment - CareCloud's leadership emphasizes the company's renewed financial strength, operational efficiency, and commitment to fulfilling obligations to shareholders [4][6]. - The double-payment structure is designed to maintain regular monthly dividends while systematically addressing the arrears without compromising the company's growth trajectory [4][6]. Dividend Payment Details - Dividends on the Series B Preferred Stock are cumulative and payable monthly, with payments expected around the 15th of each month [4][6]. - The company anticipates completing the catch-up payments by the end of the first quarter of 2027 [6].
CareCloud Reports Third Quarter 2025 Results
Globenewswire· 2025-11-06 12:00
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]
CareCloud to Present at the 2025 ThinkEquity Conference
Globenewswire· 2025-10-20 12:00
Core Insights - CareCloud, Inc. will showcase its AI innovations, strategic acquisitions, and growth momentum at the ThinkEquity Conference on October 30, 2025 [1][3] - The company has completed four significant transactions in the year to date, including the acquisition of Medsphere and the addition of HFMA's MAP App, which have enhanced its capabilities and client reach [3] Company Overview - CareCloud specializes in healthcare technology solutions, offering a suite of AI and technology-enabled services aimed at improving financial and operational performance, clinical workflows, and patient experience [4] - The company serves over 40,000 providers, helping them enhance patient care while reducing administrative burdens and operating costs [4]
CareCloud to Present at the 2025 Maxim Growth Summit
Globenewswire· 2025-10-15 12:00
Core Insights - CareCloud will participate in the 2025 Maxim Growth Summit, focusing on acquisitions, growth, and AI strategy [1] - Maxim Group named CareCloud its 'Top Healthcare IT Pick for 2025' due to its AI strategy, strong financial results, and renewed M&A activity [2] Company Developments - CareCloud has closed four M&A transactions year-to-date, including the acquisition of Medsphere and HFMA's MAP App [9] - The AI Center of Excellence was launched earlier this year and aims to scale to approximately 500 AI professionals to enhance innovation in EHR, RCM, analytics, and patient engagement [9] - Revenue guidance for 2025 has been raised to $116–$118 million, reflecting strong execution [9] - CareCloud has been added to the Russell Microcap Index, which is expected to broaden investor awareness [9] Product and Service Offerings - CareCloud provides a suite of AI and technology-enabled solutions aimed at improving financial and operational performance, streamlining clinical workflows, and enhancing patient experience [5] - The company serves over 40,000 providers, helping them reduce administrative burdens and operating costs [5]
CareCloud to Announce Third Quarter 2025 Results on November 6, 2025
Globenewswire· 2025-10-14 12:00
Core Points - CareCloud, Inc. will release its financial results for the third quarter ended September 30, 2025, before the market opens on November 6, 2025 [1] - A conference call for investors will follow at 8:30 a.m. Eastern Time on the same day [1] - The live webcast of the conference call and related presentation slides will be accessible online [2] - An audio-only option for the conference call is available by dialing a specific number [2] - A replay of the conference call will be available approximately three hours after its conclusion [3] Company Overview - CareCloud specializes in AI-powered healthcare technology and revenue cycle management solutions for medical practices and health systems [1] - The company aims to enhance financial and operational performance, streamline clinical workflows, and improve patient experience [4] - Over 40,000 providers rely on CareCloud's solutions to improve patient care while reducing administrative burdens and operating costs [4]
CareCloud Announces Acquisition of HFMA’s MAP App to Expand AI-Driven Benchmarking in Hospitals and Integrated Health Systems
Globenewswire· 2025-09-29 12:00
Core Insights - CareCloud has announced a definitive agreement to acquire MAP App, a leading hospital benchmarking tool developed by HFMA, which is set to close on October 1, 2025 [1][2] - The acquisition is part of CareCloud's strategy to enhance its SaaS-based ecosystem and expand its AI-driven healthcare technology solutions [2][3] - The partnership with HFMA aims to improve revenue cycle management performance and provide actionable insights for hospitals [3] Company Overview - CareCloud is a leader in AI-driven healthcare technology solutions, serving hospitals, integrated health systems, and medical practices across the United States [1][5] - The company offers a suite of solutions including revenue cycle management, practice management, electronic health records, and patient experience management [5] - More than 40,000 providers rely on CareCloud to enhance patient care while reducing administrative burdens and operating costs [5] Industry Context - MAP App is recognized as an industry-leading tool for benchmarking revenue cycle management performance, utilized by top hospitals and healthcare organizations nationwide [2] - HFMA, the organization behind MAP App, is the leading membership organization for healthcare finance leaders, providing tools and insights to improve financial outcomes in healthcare [3]