CareCloud, Inc.

CareCloud, Inc. announced the appointment of Bonnie Boyer as its new Chief Financial Officer, effective October 1, 2026. Ms. Boyer, previously Assistant Chief Financial Officer, will succeed Norman Roth, who will transition to Advisor to the CEO. Ms. Boyer's compensation includes a base salary of $300,000 and eligibility for a 30% annual bonus, with severance provisions outlined for various termination scenarios and change of control.

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.

CareCloud, Inc. reported its second-quarter 2026 financial results, with revenue increasing 16% to $31.9 million. The company achieved its ninth consecutive quarter of positive GAAP net income, though GAAP net income and EPS decreased compared to Q2 2025 due to strategic investments in AI and increased interest expense from capital structure simplification. CareCloud also expanded its product portfolio by acquiring Empower Healthcare & Compliance Partners and reaffirmed its full-year 2026 guidance.

CareCloud, Inc. announced that its Executive Chairman, Mahmud Haq, and two trusts pledged 4,300,000 shares of the company's common stock as additional collateral for the previously disclosed $40 million term loan and $10 million revolving credit facility. In consideration for this pledge, Mr. Haq received a warrant exercisable for 4,300,000 shares at a strike price of $5.00 per share. This arrangement secures the Credit Facility and outlines conditions for the pledge's termination.

CareCloud, Inc. entered into a First Amendment to its Credit Agreement with Citizens Bank, N.A., effective May 6, 2026. The amendment extends the deadline for securities account pledge documentation to 105 days and modifies the information and notice requirements for permitted acquisitions. Additionally, it revises the liquidity condition for permitted acquisitions, requiring a minimum Aggregate Liquidity of $3,000,000.00.

CareCloud, Inc. announced the acquisition of Empower Healthcare & Compliance Partners, LLC, a full-service healthcare compliance and advisory firm. The transaction, which closed on May 22, 2026, was funded through an asset purchase from CareCloud's operating cash flow. This acquisition is expected to add significant value to CareCloud's customers by integrating compliance, audit-defense, and regulatory expertise into its AI-powered platform, creating new growth and cross-selling opportunities among its more than 45,000 providers. While strategically important, the acquisition is not anticipated to materially impact CareCloud's 2026 financial results.

CareCloud, Inc. announced the full redemption of its 8.75% Series B Preferred Stock, a significant step in its capital structure evolution. This redemption was funded by a new $50 million credit facility, replacing higher-cost preferred equity with lower-cost institutional financing. The company highlighted its growth, including expected 2026 revenue of $130 million and positive GAAP net income in 2025, and noted its $60 million ATM facility for opportunistic growth capital at or above $5.00 per share.

CareCloud, Inc. announced the completion of the full redemption of all issued and outstanding shares of its 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock on May 15, 2026. The redemption price was $27.52 per share, including accumulated dividends, totaling approximately $41.6 million. Consequently, the Series B Preferred Stock was delisted from the Nasdaq Global Market as of May 14, 2026, though the company's common stock listing remains unaffected.

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.

CareCloud, Inc. announced its Q1 2026 financial results, reporting a 13% year-over-year revenue increase to $31.3 million. The company reaffirmed its full-year 2026 financial guidance, projecting revenue between $128 million and $132 million and GAAP EPS of $0.20 to $0.23. This follows significant capital structure simplification, including a new $50 million credit facility and the planned redemption of all Series B Preferred Stock, alongside new AI product launches aimed at expanding margins and market reach.