Loan & DebtApr 16, 2026, 07:01 AM
CareCloud secures $50M credit, redeems preferred stock, reaffirms guidance
AI Summary
CareCloud, Inc. reaffirmed its financial guidance after successfully closing a $50 million credit facility and redeeming all of its Series B Preferred Stock. CEO Stephen Snyder stated these actions simplify the capital structure and strengthen the company's financial foundation, validating its operating model and long-term outlook. The company highlighted its growth from $23 million revenue and negative EBITDA in 2015 to approximately $130 million revenue and $30 million annualized adjusted EBITDA today.
Key Highlights
- Secured $50 million credit facility
- Redeemed 100% of Series B Preferred Stock
- Reaffirmed previously issued financial guidance
- Current revenue at ~$130 million, adjusted EBITDA ~$30 million
- Rejected a $5.00 per common share acquisition offer in 2024