CareCloud, Inc. (MTBC) Income Statement Analysis

See more : Datrix S.p.A. (DATA.MI) 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

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August 6, 2022seekingalpha.com

CareCloud, Inc. (NASDAQ:MTBC ) Q2 2022 Earnings Conference Call August 4, 2022 8:30 AM ET Company Participants A. Hadi Chaudhry – President & CEO Bill Korn – CFO Karl Johnson – President, CareCloud Force Kimberly Blanche – General Counsel and...

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August 4, 2022zacks.com

CareCloud, Inc. (MTBC) delivered earnings and revenue surprises of 46.15% and 0.66%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

CareCloud to Present at the Healthcare IT Conference Presented by Maxim Group LLC on Tuesday, July 12 at 11:00 a.m. EDT

July 11, 2022globenewswire.com

SOMERSET, N.J., July 11, 2022 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the “Company”) (Nasdaq: MTBC, MTBCO, MTBCP), a leader in healthcare technology solutions for medical practices and health systems nationwide, announced today that CFO, Bill Korn, will be participating in a...

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CareCloud, Inc. (NASDAQ:MTBC ) Q1 2022 Earnings Conference Call May 9, 2022 8:30 AM ET Company Participants Kimberly Blanche - General Counsel, VP, Compliance & Secretary Hadi Chaudhry - President, CEO & Director Bill Korn - CFO Mahmud Haq -...

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CareCloud, Inc. (MTBC) delivered earnings and revenue surprises of 29.63% and 5.12%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

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CareCloud, Inc. (MTBC) Stock Jumps 15.5%: Will It Continue to Soar?

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CareCloud, Inc. (MTBC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

CareCloud, Inc. (MTBC) CEO Hadi Chaudhry on Q4 2021 Results - Earnings Call Transcript

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CareCloud, Inc. (MTBC) delivered earnings and revenue surprises of 94.12% and 4.21%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?