Quarterly ResultMay 7, 2026, 04:40 PM
CareCloud Q1 Revenue $31.27M; Net Loss Attributable to Common Shareholders $(0.44M)
AI Summary
CareCloud, Inc. reported a net revenue of $31.27 million for the first quarter of 2026, a 13.17% increase from $27.63 million in Q1 2025. Despite this revenue growth, operating income decreased by 50.47% and net income fell by 52.67% year-over-year. However, the net loss attributable to common shareholders significantly improved to $(0.44) million, or $(0.01) per share, compared to $(0.86) million, or $(0.04) per share, in the prior year. The company continued to integrate recent acquisitions, including MAP App, Medsphere Systems Corporation, and RevNu Medical Management, which contributed to revenue.
Key Highlights
- Net Revenue increased 13.17% to $31.27 million in Q1 2026 from $27.63 million in Q1 2025.
- Operating Income decreased 50.47% to $1.00 million in Q1 2026 from $2.02 million in Q1 2025.
- Net Income decreased 52.67% to $0.92 million in Q1 2026 from $1.95 million in Q1 2025.
- Net Loss Attributable to Common Shareholders improved to $(0.44) million from $(0.86) million.
- Net Loss per Common Share improved to $(0.01) in Q1 2026 from $(0.04) in Q1 2025.
- Net cash provided by operating activities was $3.61 million, down from $5.11 million.
- Cash and restricted cash at period end was $3.85 million, a decrease from $6.81 million.
- Acquisitions of MAP App, Medsphere, and RevNu contributed to Q1 2026 revenue.
Price Impact
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