CareCloud Reports Second Quarter 2022 Results
CareCloud, Inc. (MTBC)
Last carecloud, inc. earnings: 2/28 07:00 am
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US:NASDAQ Investor Relations:
ir.mtbc.com
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Source: GlobeNewswire
SOMERSET, N.J., Aug. 04, 2022 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the “Company” or “CareCloud”) (Nasdaq: MTBC, MTBCO, MTBCP), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced financial and operational results for the quarter ended June 30, 2022. The Company’s management will conduct a conference call with related slides today at 8:30 a.m. Eastern Time to discuss these results and management’s outlook. Second Quarter 2022 Highlights ?Revenue of $37.2 million, 9% growth over Q2 2021 ?Record GAAP net income of $2.7 million, compared to a net loss of $227,000 in Q2 2021 ?Adjusted net income of $5.6 million, or $0.37 per share ?Adjusted EBITDA of $7.0 million, an increase of $1.3 million compared to $5.7 million in Q2 2021 Year-to-date 2022 Highlights ?Revenue of $72.6 million, a 14% increase from YTD 2021 ?GAAP net income of $3.9 million, compared to a net loss of $2.2 million in the same period last year
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