CareCloud Inc (NAS:CCLDP.PFD)
$ 15 (0%) Market Cap: - Enterprise Value: - PE Ratio: 0 PB Ratio: 1.90 GF Score: 69/100
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Q3 2024 CareCloud Inc Earnings Call Transcript

Nov 12, 2024 / 01:30 PM GMT
Release Date Price: $16.42 (+31.78%)

Key Points

Positve
  • CareCloud Inc (CCLD) has fully paid down over $10 million in credit line, showcasing strong financial management.
  • The company plans to resume monthly dividend payments on its preferred shares starting March 2025, indicating confidence in profitability.
  • CareCloud Inc (CCLD) reported a 111% increase in adjusted EBITDA year-over-year, reaching $6.8 million.
  • The company achieved a 328% improvement in year-to-date free cash flow compared to 2023.
  • CareCloud Inc (CCLD) is advancing its AI solutions, which streamline administrative tasks and improve clinical efficiency.
Negative
  • Revenue for Q3 2024 was $28.5 million, slightly down from $29.3 million in Q3 2023.
  • The company faces challenges in predicting revenue from its MESR division due to fluctuations in non-recurring revenue.
  • CareCloud Inc (CCLD) had to reduce its reliance on third-party contractors, indicating potential past inefficiencies.
  • The company experienced a decline in non-recurring professional services revenues from MESR, dropping from $5 million to $4.3 million.
  • There is modest revenue from AI solutions, suggesting that these products are still in early stages of monetization.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CCLD.OQ - CareCloud Inc
Q3 2024 CareCloud Inc Earnings Call
Nov 12, 2024 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to the Carecloud Inc third quarter, 2024 results conference call at this time. All participants are in a listen-only mode, a brief question and answer session will follow the formal presentation.

If anyone should require operator assistance during the conference, please press star and then zero on your telephone keypad.

As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Alejandra Alejandra Rodriguez. Thank you. You may begin.

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Unidentified_2 [2]
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