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CareCloud, Inc., a healthcare information technology (IT) company, provides a suite of cloud-based solutions and related business services to healthcare providers and hospitals primarily in the United States. It operates in two segments, Healthcare IT and Medical Practice Management. The company's portfolio of proprietary software and business services includes technology-enabled business solutions; cloud-based software; digital health services; healthcare IT professional services and staffing; and medical practice management services. Its technology-enabled business solutions comprise revenue cycle management services, healthcare claims clearinghouse, and medical coding and credentialing services; electronic health records, practice management software and related capabilities, patient experience management solutions, business intelligence and healthcare analytics platforms, and customized applications, interfaces, and various other technology solutions, as well as artificial intelligence, such as CareCloud cirrusAI, AI-powered clinical decision support, AI-powered virtual support assistant, AI-driven appeals, and CareCloud cirrusAI. In addition, the company provides chronic care management, remote patient monitoring, and telemedicine solutions; and professional and consulting services, workforce augmentation and on-demand staffing, and strategic advisory services. Further, it offers medical practice management services to medical practices comprising appropriate facilities, equipment, supplies, support services, nurses, and administrative support staff, as well as management, bill-paying, and financial advisory services. It serves physicians, nurses, nurse practitioners, physician assistants, and other clinicians that render bills for their services. The company was formerly known as MTBC, Inc. and changed its name to CareCloud, Inc. in March 2021. CareCloud, Inc. was founded in 1999 and is headquartered in Somerset, New Jersey.
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| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 5.61M | 2.99M | -8.71M | -0.68M | -2.30M |
| Net income | 5.43M | 2.84M | -8.81M | -0.87M | -2.14M |
| Selling general administrative | 23.82M | 24.27M | 22.81M | 17.91M | 16.26M |
| Selling and marketing expenses | 9.79M | 8.79M | 6.58M | 1.52M | 1.61M |
| Gross profit | 54.39M | 52.68M | 40.30M | 23.25M | 19.29M |
| Reconciled depreciation | 15.60M | 16.25M | 10.13M | 3.07M | - |
| Ebit | 4.06M | 3.53M | -8.26M | -0.42M | -2.31M |
| Ebitda | 19.67M | 15.61M | 1.88M | 2.65M | 0.61M |
| Depreciation and amortization | 15.60M | 12.09M | 10.13M | 3.07M | 2.91M |
| Operating income | 4.06M | 3.53M | -8.26M | -0.42M | -2.54M |
| Other operating expenses | 134.17M | 136.58M | 113.43M | 64.50M | 53.01M |
| Interest expense | 0.41M | 0.46M | 0.49M | 0.38M | 0.35M |
| Tax provision | 0.18M | 0.16M | 0.10M | 0.19M | - |
| Interest income | 0.04M | 0.01M | 0.04M | 0.26M | - |
| Net interest income | -0.36M | -0.44M | -0.45M | -0.12M | - |
| Income tax expense | 0.18M | 0.16M | 0.10M | 0.19M | -0.16M |
| Total revenue | 138.83M | 139.60M | 105.12M | 64.44M | 50.55M |
| Total operating expenses | 49.73M | 49.66M | 48.61M | 23.31M | 21.76M |
| Cost of revenue | 84.43M | 86.92M | 64.82M | 41.19M | 31.25M |
| Total other income expense net | 1.55M | -0.54M | -0.45M | -0.26M | 0.42M |
| Net income from continuing ops | 5.43M | 2.84M | -8.81M | -0.87M | - |
| Net income applicable to common shares | -10.09M | -11.22M | -22.69M | -7.26M | - |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 79.51M | 136.17M | 140.85M | 138.00M | 56.40M |
| Intangible assets | 25.07M | 29.52M | 30.78M | 29.98M | 5.98M |
| Other current assets | 2.46M | 2.80M | 0.01M | 0.01M | 0.01M |
| Total liab | 37.80M | 34.48M | 42.92M | 36.75M | 13.57M |
| Total stockholder equity | 41.72M | 101.69M | 97.93M | 101.25M | 42.84M |
| Deferred long term liab | - | 0.64M | 0.09M | 0.97M | 0.03M |
| Other current liab | 13.94M | 12.74M | 18.22M | 16.26M | 5.69M |
| Common stock | 0.02M | 0.02M | 0.02M | 0.01M | 0.01M |
| Capital stock | 0.02M | 0.02M | 0.02M | 0.02M | 0.02M |
| Retained earnings | -74.48M | -25.62M | -31.05M | -33.89M | -25.08M |
| Other liab | - | 0.87M | 0.79M | 1.39M | 0.26M |
| Good will | 19.19M | 61.19M | 61.19M | 49.29M | 12.63M |
| Other assets | - | 0.84M | 0.98M | 1.25M | 0.36M |
| Cash | 3.33M | 12.30M | 9.34M | 20.93M | 19.99M |
| Total current liabilities | 23.30M | 22.40M | 29.56M | 29.02M | 11.18M |
| Current deferred revenue | 1.38M | 1.39M | 1.08M | 1.17M | 0.02M |
| Net debt | 11.40M | 1.51M | 7.53M | -9.46M | -15.90M |
| Short term debt | 2.18M | 2.59M | 4.31M | 5.13M | 1.97M |
| Short long term debt | 0.29M | 0.32M | 0.34M | 0.40M | 0.28M |
| Short long term debt total | 14.73M | 13.81M | 16.87M | 11.47M | 4.10M |
| Other stockholder equity | 120.04M | 130.32M | 130.72M | 136.12M | 68.74M |
| Property plant equipment | - | 9.98M | 12.34M | 12.66M | 6.43M |
| Total current assets | 23.24M | 34.65M | 35.56M | 44.82M | 31.00M |
| Net tangible assets | - | 10.98M | 5.96M | 21.97M | 24.22M |
| Net receivables | 16.98M | 19.17M | 21.73M | 16.19M | 9.38M |
| Long term debt | 10.04M | 8.01M | 8.02M | 0.04M | 0.08M |
| Inventory | 0.47M | 0.38M | 0.50M | 0.40M | 0.49M |
| Accounts payable | 5.80M | 5.68M | 5.95M | 6.46M | 3.49M |
| Accumulated other comprehensive income | -3.87M | -3.04M | -1.75M | -1.00M | -0.84M |
| Non currrent assets other | 0.64M | 0.84M | 0.98M | 1.25M | 0.36M |
| Non current assets total | 56.27M | 101.52M | 105.29M | 93.18M | 25.40M |
| Capital lease obligations | 4.40M | 5.48M | 8.51M | 11.03M | 3.73M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -11.77M | -23.15M | -31.47M | -4.16M | - |
| Change to liabilities | -6.59M | -10.37M | -11.88M | -1.37M | - |
| Total cashflows from investing activities | -11.77M | -23.15M | -31.47M | -4.16M | - |
| Net borrowings | -1.00M | 6.96M | -0.67M | -0.43M | - |
| Total cash from financing activities | -7.65M | -0.52M | 33.42M | 1.42M | 17.66M |
| Change to operating activities | 0.62M | 0.92M | -0.12M | -0.53M | - |
| Net income | 5.43M | 2.84M | -8.81M | -0.87M | -2.14M |
| Change in cash | 1.96M | -10.59M | 0.93M | 5.52M | 10.11M |
| Begin period cash flow | 10.34M | 20.93M | 19.99M | 14.47M | 4.36M |
| End period cash flow | 12.30M | 10.34M | 20.93M | 19.99M | 14.47M |
| Total cash from operating activities | 21.15M | 13.33M | -0.89M | 7.62M | 6.81M |
| Issuance of capital stock | 30.90M | 2.73M | 44.54M | 9.59M | - |
| Depreciation | 15.60M | 12.68M | 10.13M | 3.07M | 2.91M |
| Dividends paid | 15.31M | 14.44M | 11.38M | 6.11M | 4.10M |
| Change to inventory | 0.12M | -0.10M | 0.09M | -0.05M | -0.14M |
| Change to account receivables | 1.49M | -0.62M | 0.39M | 0.77M | 1.48M |
| Sale purchase of stock | -20.00M | 32.44M | - | - | - |
| Other cashflows from financing activities | 23.27M | -2.20M | 64.97M | 7.96M | 33.50M |
| Change to netincome | 4.15M | 5.04M | 6.71M | 4.35M | - |
| Capital expenditures | 11.77M | 10.56M | 7.75M | 2.56M | 1.03M |
| Change in working capital | -4.03M | -10.79M | -11.81M | -0.82M | 3.34M |
| Stock based compensation | 4.91M | 5.40M | 6.50M | 3.22M | 2.46M |
| Other non cash items | -0.84M | 2.93M | 3.18M | 2.94M | 0.45M |
| Free cash flow | 9.38M | 2.77M | -8.64M | 5.06M | 5.78M |
Sector: Healthcare Industry: Health Information Services
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
|---|---|---|---|---|---|---|
| VEEV Veeva Systems Inc Class A |
2.95 0.94% |
316.41 | 43.49 | 29.59 | 12.48 | 5.79 |
| PMCUF Pro Medicus Limited |
- -% |
129.00 | 64.90 | 90.91 | 49.11 | 38.05 |
| TEM Tempus AI, Inc. Class A Common Stock |
4.96 6.87% |
77.11 | - | - | 8.68 | 25.39 |
| MTHRY M3 Inc |
-0.08 1.34% |
5.87 | 31.84 | 26.25 | 0.05 | 4.60 |
CareCloud, Inc., a healthcare information technology (IT) company, provides a suite of cloud-based solutions and related business services to healthcare providers and hospitals primarily in the United States. It operates in two segments, Healthcare IT and Medical Practice Management. The company's portfolio of proprietary software and business services includes technology-enabled business solutions; cloud-based software; digital health services; healthcare IT professional services and staffing; and medical practice management services. Its technology-enabled business solutions comprise revenue cycle management services, healthcare claims clearinghouse, and medical coding and credentialing services; electronic health records, practice management software and related capabilities, patient experience management solutions, business intelligence and healthcare analytics platforms, and customized applications, interfaces, and various other technology solutions, as well as artificial intelligence, such as CareCloud cirrusAI, AI-powered clinical decision support, AI-powered virtual support assistant, AI-driven appeals, and CareCloud cirrusAI. In addition, the company provides chronic care management, remote patient monitoring, and telemedicine solutions; and professional and consulting services, workforce augmentation and on-demand staffing, and strategic advisory services. Further, it offers medical practice management services to medical practices comprising appropriate facilities, equipment, supplies, support services, nurses, and administrative support staff, as well as management, bill-paying, and financial advisory services. It serves physicians, nurses, nurse practitioners, physician assistants, and other clinicians that render bills for their services. The company was formerly known as MTBC, Inc. and changed its name to CareCloud, Inc. in March 2021. CareCloud, Inc. was founded in 1999 and is headquartered in Somerset, New Jersey.
| Name | Title | Year Born |
|---|---|---|
| Mr. A. Hadi Chaudhry | President, CEO & Director | 1977 |
| Mr. Norman S. Roth | Interim CFO, Principal Accounting Officer & Controller | 1956 |
| Mr. Steve Link | Chief Operating Officer | NA |
| Mr. Adeel Sarwar | Chief Technology Officer | NA |
| Ms. Nathalie Garcia | Chief Compliance Officer & Corporate Counsel | NA |
| Chantelle Melendez | Corporate Counsel | NA |
| Kaitlyn Mode | Corporate Communications Manager | NA |
| Mr. Mike Cuesta | Chief Marketing Officer | NA |
| Mr. Justin Pierce | Chief Sales Officer | NA |
| Ms. Elizabeth Ferrer | Vice President of Human Resources | NA |
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