Key Points – CareCloud’s Q2 revenue rose 16% to $31.9 million, marking its ninth consecutive quarter of GAAP profitability, although net income declined to $1.1 million due to AI investments, higher interest expense and acquisition-related amortization. – The company redeemed…
l Series B preferred stock using a $50 million credit facility, eliminating about $3.3 million in annual preferred dividends without diluting common shareholders, though debt will increase interest costs. – CareCloud reaffirmed 2026 guidance of $128 million–$132 million in revenue and $29 million–$31 million in adjusted EBITDA, expecting a stronger second half driven by recurring revenue, cross-selling, integration savings and new AI products. CareCloud (NASDAQ:CCLD) reported second-quarter revenue growth of 16% and its ninth consecutive quarter of GAAP profitability, while emphasizing investments in artificial intelligence, acquisition integration and an expanded healthcare compliance offering
Revenue for the quarter ended June 30 totaled $31.9 million, compared with $27.4 million a year earlier. First-half revenue rose 15% to $63.2 million. The company said recurring technology-enabled business solutions accounted for about 75% of quarterly revenue, up from 69% in the prior-year period.
GAAP net income was $1.1 million in the second quarter, down from $2.9 million a year earlier. Adjusted EBITDA was $5.9 million, while adjusted net income was $2.4 million, or $0.06 per share, compared with $3.3 million, or $0.07 per share, in the prior-year quarter. After preferred-stock dividends, earnings per share were breakeven for the quarter.