CareCloud, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 07:00 am EDT
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CareCloud, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 29.28 million compared to USD 33.72 million a year ago. Net loss was USD 2.75 million compared to net income of USD 1.06 million a year ago. Basic loss per share from continuing operations was USD 0.42 compared to USD 0.18 a year ago. Diluted loss per share from continuing operations was USD 0.42 compared to USD 0.18 a year ago.
For the nine months, sales was USD 88.64 million compared to USD 106.29 million a year ago. Net loss was USD 4.98 million compared to net income of USD 4.93 million a year ago. Basic loss per share from continuing operations was USD 1.07 compared to USD 0.45 a year ago. Diluted loss per share from continuing operations was USD 1.07 compared to USD 0.45 a year ago.
CareCloud, Inc. is a healthcare information technology company. The Company provides a suite of cloud-based solutions and related business services, to healthcare providers, from small practices to enterprise medical groups, hospitals, and health systems throughout the United States. Its segments include Healthcare IT and Medical Practice Management. Healthcare IT segment includes technology-assisted revenue cycle management, software-as-a-service (SaaS) solutions and other services. Medical Practice Management segment includes the management of three medical practices. Its technology-enabled business solutions include revenue cycle management; Cloud-based software; Digital health; and Healthcare IT professional services & staffing. Its SaaS platforms include practice management (PM), electronic health record (EHR), patient experience management (PXM), and others. Its Revenue Cycle Management services including end-to-end medical billing, eligibility, analytics, and related services.
CARECLOUD, INC. 
