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CareCloud(CCLD) - 2024 Q1 - Earnings Call Transcript
2024-05-15 01:03
财务数据和关键指标变化 - 第一季度收入为2600万美元,同比下降,主要是由于Med SR非经常性收入下降 [25] - 直接运营成本下降近300万美元,经营费用下降240万美元 [26] - 首次实现GAAP营业利润12.9万美元,上年同期亏损22.3万美元 [26] - 调整后EBITDA为370万美元 [26] - GAAP每股亏损0.02美元,上年同期亏损0.28美元 [26] - 经营活动产生的现金流为410万美元,同比增长近300% [27][28] - 自由现金流为220万美元,上年同期为负200万美元 [27][28] 各条业务线数据和关键指标变化 - 数字健康业务收入同比增长近4倍 [10] - 专业服务业务(Med SR)收入下滑,预计第二季度与第一季度持平,有望在下半年恢复增长 [25][76] 各个市场数据和关键指标变化 - 无具体披露 公司战略和发展方向及行业竞争 - 公司将继续专注于提高盈利能力和自由现金流,通过技术专长、全球化团队和整合能力来实现 [9][19][20][23] - 公司推出了基于生成式AI的新产品cirrusAI,包括提高理赔效率的解决方案和提供临床决策支持的工具,获得了400多个客户的兴趣 [12][13][14] - 公司还推出了基于语音识别的临床记录解决方案cirrusAI Notes,正在进行试点测试 [15] - 公司正在整合内部团队,减少对外部供应商的依赖,提高运营效率 [21][22][52][53][54] 管理层对经营环境和未来前景的评论 - 管理层对公司今年实现盈利和正现金流充满信心,预计收入和调整后EBITDA将稳步增长 [29] - 管理层认为公司的核心竞争优势在于成本高效的全球化团队、技术实力和整合能力,将进一步发挥这些优势来降低成本 [23][52][53] 问答环节重要的提问和回答 问题1 **Jeffrey Cohen 提问** 询问公司昨日发布的关于资本结构的公告 [33][34][35] **Stephen Snyder 回答** 公司收到了一家潜在买家的收购意向,董事会决定聘请银行分析公司的资本结构,以保护公司和全体股东的利益 [34][35][36][37][38][39] 问题2 **Allen Klee 提问** 询问公司2024年全年收入指引的逻辑 [46][47][48] **Hadi Chaudhry 回答** 公司预计数字健康、RCM和新AI产品将推动收入持续增长 [47][48][60][61][62][63][64] 问题3 **Bill Sutherland 提问** 询问公司成本削减计划的其他重要措施 [51][52][53][54][55] **Stephen Snyder 回答** 公司将进一步整合IT和研发团队,消除冗余,预计2024年可节省约7百万美元成本 [52][53][54][55]
CareCloud, Inc. (CCLD) Reports Q1 Loss, Misses Revenue Estimates
Zacks Investment Research· 2024-05-14 21:21
CareCloud, Inc. (CCLD) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.32. This compares to loss of $0.28 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 93.75%. A quarter ago, it was expected that this company would post a loss of $0.40 per share when it actually produced a loss of $3, delivering a surprise of -650%. Over the last four quarters, the company has surpassed ...
CareCloud(CCLD) - 2024 Q1 - Quarterly Results
2024-05-14 19:05
Exhibit 99.1 CareCloud Reports First Quarter 2024 Results Continued Focus on Cost Reduction, Profitability and Cash Flow SOMERSET, N.J., May 14, 2024 (GLOBE NEWSWIRE) – CareCloud, Inc. (the “Company” or “CareCloud”) (Nasdaq: CCLD, CCLDP and CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced financial and operational results for the three months ended March 31, 2024. First Quarter 2024 Financial Highlights ● Revenue of $26.0 million, as co ...
CareCloud Retains Citizens JMP as its Exclusive Capital Structure Advisor
Newsfilter· 2024-05-09 20:00
SOMERSET, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the "Company" or "CareCloud") (NASDAQ:CCLD, CCLDP and CCLDO))), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced that it has retained Citizens JMP as its exclusive capital structure advisor. The retention of Citizens JMP by the Company was prompted by its recent receipt of an unsolicited indication of interest from a third-party to acquire the Company. The indication of interest ...
CareCloud and NJ Comprehensive Healthcare Partner for Operational Efficiency and Cost Reduction
Newsfilter· 2024-05-02 20:00
SOMERSET, N.J., May 02, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (NASDAQ:CCLD, CCLDP, CCLDO))), a leading provider of healthcare technology solutions for medical practices and health systems nationwide, is pleased to announce its collaboration with NJ Comprehensive Healthcare (NJCH), a healthcare provider based in New Jersey. NJCH sought to optimize clinical services and address rising administrative costs. The adoption of CareCloud's talkUltimate suite signifies a significant stride in this regard, integra ...
CareCloud To Announce First-Quarter 2024 Results on May 14, 2024
Newsfilter· 2024-04-29 21:15
SOMERSET, N.J., April 29, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (NASDAQ:CCLD, CCLDO, CCLDP))), a leader in healthcare technology solutions for medical practices and health systems nationwide, will release its financial results for the quarter ended March 31, 2024 before the market opens on Tuesday, May 14, 2024. The Company will follow with a conference call for investors at 8:30 a.m. Eastern Time. The live webcast of the conference call and related presentation slides can be accessed at ir.carecloud.com ...
CareCloud to Showcase Cutting-Edge Healthcare Technology Solutions at the 2024 Kansas MGMA Conference
Newsfilter· 2024-04-17 20:00
CareCloud参加2024年堪萨斯MGMA年会 - CareCloud公司将展示旨在改变收入循环管理和增强患者参与度的创新解决方案[1] CareCloud Concierge技术驱动的RCM解决方案 - 旨在简化计费流程、最大化收入并减少行政负担[3] CareCloud展示cirrusAI Notes医疗文档工具 - 提供实时转录提供者-患者互动和符合HIPAA标准的准确临床记录[4]
CareCloud's medSR division to Showcase Consultation and Implementation Services at Becker's Annual Conference
Newsfilter· 2024-04-08 19:00
SOMERSET, N.J., April 08, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (NASDAQ:CCLD, CCLDP, CCLDO))), a leading provider of healthcare technology solutions for medical practices and health systems nationwide, announces the participation of its medSR division at the Becker's Annual Conference. The event will be held at the Hyatt Regency in Chicago from April 8th to the 11th, 2024. The Becker's Annual Conference serves as a platform for healthcare professionals to exchange insights into the evolving healthcare la ...
CareCloud Central Named Best Medical Billing Software of 2024 by SelectHub
Newsfilter· 2024-04-04 20:00
SOMERSET, N.J., April 04, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (NASDAQ:CCLD, CCLDP, CCLDO))), a leading provider of healthcare technology solutions for medical practices and health systems nationwide, has been awarded Best Medical Billing Software of 2024, according to SelectHub's analyst pick. Earning an exceptional analyst rating of 96, CareCloud Central has surged ahead of competitors in the industry. In addition to securing the top position in the Best Medical Billing Category, CareCloud Central won ...
CareCloud(CCLD) - 2023 Q4 - Annual Report
2024-03-22 04:55
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36529 CareCloud, Inc. (Exact name of registrant as specified in its charter) Delaware 22-3832302 (State or other jurisdiction of (I. ...