See more : Allurion Technologies Inc. (ALUR) Income Statement Analysis – Financial Results
Complete financial analysis of CareCloud, Inc. (MTBC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of CareCloud, Inc., a leading company in the Medical – Healthcare Information Services industry within the Healthcare sector.
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CareCloud, Inc. (MTBC)
Industry: Medical - Healthcare Information Services
Sector: Healthcare
Website: https://www.carecloud.com
About CareCloud, Inc.
CareCloud, Inc., a healthcare information technology (IT) company, provides a suite of cloud-based solutions and related business services to healthcare providers and hospitals primarily in the United States. It operates in two segments, Healthcare IT and Practice Management. The company's Software-as-a-Service platform includes revenue cycle management, practice management, electronic health record, business intelligence, telehealth, and patient experience management solutions, as well as complementary software tools and business services for medical groups and health systems. It serves physicians, nurses, nurse practitioners, physician assistants, and other clinicians that render bills for their services. The company was formerly known as MTBC, Inc. and changed its name to CareCloud, Inc. in March 2021. CareCloud, Inc. was founded in 1999 and is headquartered in Somerset, New Jersey.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 117.06M | 138.83M | 139.60M | 105.12M | 64.44M | 50.55M | 31.81M | 24.49M | 23.08M | 18.30M | 10.47M | 10.02M | 10.09M |
| Cost of Revenue | 70.82M | 84.43M | 86.92M | 64.82M | 41.19M | 31.25M | 17.68M | 13.42M | 11.63M | 10.64M | 4.27M | 4.26M | 4.51M |
| Gross Profit | 46.24M | 54.39M | 52.68M | 40.30M | 23.25M | 19.29M | 14.13M | 11.08M | 11.45M | 7.67M | 6.20M | 5.76M | 5.58M |
| Gross Profit Ratio | 39.50% | 39.18% | 37.74% | 38.34% | 36.08% | 38.17% | 44.42% | 45.22% | 49.61% | 41.89% | 59.20% | 57.50% | 55.33% |
| Research & Development | 4.74M | 4.40M | 4.41M | 9.31M | 870.78K | 1.03M | 1.08M | 902.19K | 659.18K | 531.68K | 386.11K | 396.43K | 410.13K |
| General & Administrative | 21.46M | 23.82M | 24.27M | 22.81M | 17.91M | 16.26M | 11.74M | 12.46M | 11.97M | 9.94M | 4.74M | 4.40M | 3.83M |
| Selling & Marketing | 9.65M | 9.79M | 8.79M | 6.58M | 1.52M | 1.61M | 1.11M | 1.22M | 467.45K | 253.28K | 248.98K | 266.41K | 197.59K |
| SG&A | 31.11M | 33.61M | 33.06M | 29.39M | 19.43M | 17.88M | 12.84M | 13.68M | 12.44M | 10.20M | 4.99M | 4.66M | 4.03M |
| Other Expenses | 57.51M | 11.73M | 12.20M | 9.91M | 3.01M | 59.53K | 83.57K | -53.28K | 26.95K | -134.72K | 30.23K | 15.12K | 46.53K |
| Operating Expenses | 93.36M | 49.73M | 49.66M | 48.61M | 23.31M | 21.76M | 18.23M | 19.69M | 17.69M | 13.52M | 6.33M | 5.74M | 4.99M |
| Cost & Expenses | 164.17M | 134.17M | 136.58M | 113.43M | 64.50M | 53.01M | 35.91M | 33.11M | 29.32M | 24.16M | 10.60M | 10.00M | 9.49M |
| Interest Income | 154.00K | 41.00K | 15.00K | 42.00K | 262.00K | 100.79K | 16.94K | 36.41K | 26.80K | 26.61K | 23.93K | 23.38K | 47.70K |
| Interest Expense | 1.19M | 405.00K | 455.00K | 488.00K | 382.67K | 351.17K | 1.32M | 682.08K | 288.41K | 183.47K | 160.07K | 97.03K | 63.61K |
| Depreciation & Amortization | 16.55M | 15.01M | 15.77M | 12.79M | 4.89M | 2.85M | 4.30M | 5.11M | 4.60M | 2.79M | 948.53K | 678.73K | 545.57K |
| EBITDA | -31.29M | 21.03M | 19.22M | 4.57M | 3.13M | 909.13K | 126.81K | -2.81M | 337.42K | -1.36M | 1.10M | 892.75K | 1.32M |
| EBITDA Ratio | -26.73% | 14.17% | 11.18% | 1.78% | 4.11% | 1.20% | 0.96% | -14.39% | -6.90% | -17.32% | 8.36% | 7.38% | 12.26% |
| Operating Income | -47.12M | 4.06M | 3.53M | -8.26M | -421.10K | -2.54M | -4.52M | -7.90M | -4.46M | -4.04M | -127.52K | 22.02K | 597.06K |
| Operating Income Ratio | -40.25% | 2.93% | 2.53% | -7.86% | -0.65% | -5.02% | -14.22% | -32.26% | -19.32% | -22.08% | -1.22% | 0.22% | 5.92% |
| Total Other Income/Expenses | -1.92M | -1.00M | -536.00K | -439.00K | -746.02K | 243.95K | -975.19K | -698.95K | -91.33K | -291.58K | 94.01K | -31.30K | 116.67K |
| Income Before Tax | -49.04M | 5.61M | 2.99M | -8.71M | -679.02K | -2.30M | -5.50M | -8.60M | -4.55M | -4.33M | -33.51K | 116.99K | 713.73K |
| Income Before Tax Ratio | -41.89% | 4.04% | 2.14% | -8.29% | -1.05% | -4.54% | -17.28% | -35.11% | -19.71% | -23.67% | -0.32% | 1.17% | 7.07% |
| Income Tax Expense | -364.00K | 177.00K | 157.00K | 103.00K | 192.78K | -157.39K | 67.81K | 196.80K | 137.79K | 176.53K | 144.49K | -4.00 | 243.84K |
| Net Income | -48.67M | 5.43M | 2.84M | -8.81M | -871.80K | -2.14M | -5.57M | -8.80M | -4.69M | -4.51M | -178.00K | 117.00K | 469.90K |
| Net Income Ratio | -41.58% | 3.91% | 2.03% | -8.38% | -1.35% | -4.23% | -17.49% | -35.91% | -20.31% | -24.64% | -1.70% | 1.17% | 4.66% |
| EPS | -4.11 | 0.36 | 0.20 | -0.70 | -0.07 | -0.18 | -0.51 | -0.88 | -0.48 | -0.64 | -0.02 | 0.01 | 0.04 |
| EPS Diluted | -4.11 | 0.36 | 0.20 | -0.70 | -0.07 | -0.18 | -0.51 | -0.88 | -0.48 | -0.64 | -0.02 | 0.01 | 0.04 |
| Weighted Avg Shares Out | 15.67M | 15.11M | 14.54M | 12.68M | 12.09M | 11.72M | 11.01M | 10.04M | 9.73M | 7.08M | 10.98M | 10.98M | 10.98M |
| Weighted Avg Shares Out (Dil) | 15.67M | 15.11M | 14.54M | 12.68M | 12.09M | 11.72M | 11.01M | 10.04M | 9.73M | 7.08M | 10.98M | 10.98M | 10.98M |
CareCloud to Participate in Upcoming Investor Conferences
SOMERSET, N.J., Sept. 06, 2023 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the “Company”) (Nasdaq: CCLD, CCLDO, CCLDP), a leader in healthcare technology solutions for medical practices and health systems nationwide, announced today its chief strategy officer, Bill Korn, and chief financial...
CareCloud to Exhibit at HBMA's 2023 Fall Revenue Cycle Management Conference
SOMERSET, N.J., Aug. 31, 2023 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced its participation in the upcoming Healthcare Business Management Association (HBMA) 2023...
CareCloud Empowers Sympathy Health Clinic with Comprehensive Telehealth Solution to Enhance Patient Care
SOMERSET, N.J., Aug. 29, 2023 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced the successful integration of its talkEHR platform at Sympathy Health Clinic...
CareCloud Announced as Sponsor of the 7th Annual Gulfcoast Orthopaedic Rehabilitation Conference
SOMERSET, N.J., Aug. 23, 2023 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in health care technology solutions for medical practices and health systems nationwide, today announced its sponsorship of the 7th Annual Gulfcoast Orthopaedic Rehabilitation Conference,...
CareCloud's Karl Johnson to Share Insights on Implementing Workforce Extension in Revenue Cycle Management at Becker's Health IT + Digital Health + RCM Event
SOMERSET, N.J., Aug. 22, 2023 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced that Karl Johnson, president of CareCloud Force, a CareCloud division specializing...
CareCloud CEO Hadi Chaudhry Named One of the Top 10 Most Influential HealthTech Leaders of 2023 by Mirror Review
SOMERSET, N.J., Aug. 14, 2023 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced that its president and chief executive officer, Hadi Chaudhry, has been...
CareCloud to Host Investor Meetings at the Sidoti Virtual Investor Conference
SOMERSET, N.J., Aug. 10, 2023 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDO, CCLDP), a leader in healthcare technology solutions for medical practices and health systems nationwide, announced today that Bill Korn, Chief Strategy Officer and Larry Steenvoorden, Chief Financial...
CareCloud, Inc. (CCLD) Q2 2023 Earnings Call Transcript
CareCloud, Inc. (NASDAQ:CCLD ) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants Kimberly Blanche - General Counsel and Vice President of Compliance Hadi Chaudhry - President and Chief Executive Officer Larry Steenvoorden - Chief Financial...
CareCloud Declares Dividends on Non-Convertible Series A and Series B Cumulative Redeemable Perpetual Preferred Stock
SOMERSET, N.J., Aug. 04, 2023 (GLOBE NEWSWIRE) -- CareCloud , Inc. (the “Company”) (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced that its Board of Directors has declared monthly...
Google Cloud & CareCloud Announce Landmark Collaboration To Bring Generative AI To Outpatient Healthcare Settings
This will democratize access to generative AI capabilities for a critical part of the healthcare sector.
Source: https://incomestatements.info
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