Quarterly ResultAug 6, 2026, 04:42 PM
CareCloud H1 Net Loss Attributable to Common Shareholders $(262)K
AI Summary
CareCloud, Inc. reported a net loss attributable to common shareholders of $(262)K for the six months ended June 30, 2026, a decline from a net income of $674K in the prior year, despite a 14.8% increase in net revenue to $63.15 million. The company's total liabilities significantly increased by 172% to $76.45 million, while shareholders' equity decreased by 70.7% to $17.40 million. During the period, CareCloud redeemed Series B Preferred Stock for $38.17 million and secured new term loans and a line of credit totaling $48.74 million. The company also completed the acquisition of Empower Healthcare & Compliance Partners and finalized the purchase price allocation for MAP App.
Key Highlights
- Net revenue increased 14.8% to $63.15M for six months ended June 30, 2026.
- Net loss attributable to common shareholders was $(262)K for H1 2026.
- Total liabilities increased 172% to $76.45M as of June 30, 2026.
- Total shareholders' equity decreased 70.7% to $17.40M as of June 30, 2026.
- Redeemed Series B Preferred Stock for $38.17M during the six-month period.
- Secured $39.74M in new term loans and $9.00M from a line of credit.
- Acquired Empower Healthcare & Compliance Partners for $1M in May 2026.
- Finalized purchase price allocation for MAP App acquisition.
Price Impact
More from CCLD