MTBC First Half 2018 Shareholder Update
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. 17, 2018 (GLOBE NEWSWIRE) -- MTBC (Nasdaq: MTBC) (Nasdaq: MTBCP), a leading provider of proprietary, cloud-based healthcare IT solutions and services, issued a letter to shareholders today with an update on first half 2018 results. The letter from the management team provided a mid-year update to the shareholders and reads as follows: "We recently reported a strong first half of 2018, with record profitability, a virtually debt-free balance sheet, and the closing of our largest acquisition to date on July 1. Better yet, we expect the second half of the year to be even stronger. In the event you were not able to join our recent earnings call, the following are some highlights that may be of interest to you. Revenue Growth We've continued our trend of strong revenue growth, reporting approximately $17 million of revenue during the first half of 2018 We expect our revenue to nearly double during the second half of 2018, as compared to the first half of
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