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CareCloud (CCLD)
NASDAQ:CCLD
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Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.06Last Year’s EPS
-$3Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: 30.27%
|Next Earnings Date:Mar 20, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant improvements in financial metrics, particularly in adjusted EBITDA and free cash flow, along with strategic advancements in AI technology and successful debt repayment. However, there was a slight decline in revenue, primarily due to challenges in the medSR division. Despite these challenges, the company's proactive measures and strong financial management suggest a positive outlook.Company Guidance
During the third quarter of 2024 earnings call, CareCloud provided several key metrics and guidance reflecting their financial and operational achievements. The company reported a significant 111% increase in adjusted EBITDA, reaching $6.8 million, alongside a 328% improvement in year-to-date free cash flow, totaling $10.3 million. Revenue for Q3 was slightly down to $28.5 million from $29.3 million in Q3 2023, attributed to fluctuations in nonrecurring revenue. They announced the complete repayment of a $10 million credit line and plan to resume monthly dividend payments on Series A and B preferred shares by March 2025. Looking forward, CareCloud aims to generate enough free cash flow to cover dividends while continuing to grow profitably. They also updated their adjusted EBITDA guidance to $23 million to $25 million for the full year 2024, maintaining an analyst revenue expectation of $109 million to $111 million.Significant Increase in Adjusted EBITDA
Generated $6.8 million in adjusted EBITDA, a 111% increase over the previous year.
Substantial Improvement in Free Cash Flow
Achieved $10.3 million in year-to-date free cash flow, a 328% improvement over 2023.
Repayment of Credit Line
Fully paid down a $10 million credit line, demonstrating strong financial management.
Resumption of Dividends
On track to resume monthly dividend payments on Series A and Series B preferred shares starting in March 2025.
AI Developments
Advancements in CareCloud CirrusAI, including integration with EHR systems and new features like claim note summarization, saving users approximately 70% of time.
Successful Cost Reductions
Progress in cost-cutting initiatives, with $26 million identified in potential expense cuts.
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CCLD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CCLD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $2.61 | $3.17 | +21.46% |
| Aug 13, 2024 | $2.04 | $2.30 | +12.75% |
| May 14, 2024 | $2.32 | $1.83 | -21.12% |
| Mar 21, 2024 | $1.19 | $1.11 | -6.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CareCloud (CCLD) report earnings?
CareCloud (CCLD) is schdueled to report earning on Mar 20, 2025, TBA Not Confirmed.
What is CareCloud (CCLD) earnings time?
CareCloud (CCLD) earnings time is at Mar 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CCLD EPS forecast?
CCLD EPS forecast for the fiscal quarter 2024 (Q4) is -$0.06.
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