CCLD News & Events

Reports Q1 revenue $31.27M, consensus $30.51M. "Q1 2026 marks the start of an exciting new chapter for CareCloud. We delivered 13% year-over-year revenue growth, expanded our AI offering and our addressable market into the inpatient segment, and took decisive action to simplify our capital structure with the announced full redemption of our Series B Preferred Stock and the closing of a new $50 million credit facility. With the Medsphere integration substantially complete, a stronger balance sheet, and our 2026 guidance reaffirmed, we believe CareCloud is uniquely positioned to translate this momentum into accelerating, durable shareholder value through the balance of 2026 and beyond."

Backs FY26 revenue view $128M-$132M, consensus $131.23M. Backs FY26 adjusted EBITDA $29M-$31M. The company said, "Revenue guidance is based on management's expectations for contributions from existing clients, together with cross-selling and other organic and inorganic growth. EPS guidance of $0.20-$0.23 represents a 100-130% increase from the $0.10 achieved in full year 2025. Adjusted EBITDA guidance is $29-$31 million compared to the 2025 amount of $27.5 million."

CareCloud reaffirmed its previously issued financial guidance following the successful closing of a $50 million credit facility and the announced redemption of 100% of its Series B Preferred Stock. "This is an important milestone for CareCloud," said Stephen Snyder, Chief Executive Officer of CareCloud. "We set out to simplify our capital structure and strengthen our financial foundation, and we have delivered on that commitment."

In a Friday regulatory filing, CareCloud said, "On March 16, CareCloud, experienced a temporary network disruption in its CareCloud Health division that partially impacted the functionality and data access to 1 of its 6 electronic health record environments for approximately 8 hours until the Company fully restored all functionality and data access during that evening. Upon discovery of this incident, the Company promptly reported the matter to its cybersecurity carrier and engaged a leading cyber response advisory team which is part of a Big Four accounting firm to perform external cybersecurity work and to assist with securing the environment, as well as to conduct a comprehensive IT forensic investigation to determine the nature and scope of this incident. The Company further believes that the incident was contained to the CareCloud Health environment and did not affect the Company's other platforms, divisions, systems, data or environments. The incident was contained on the day it was discovered. The Company believes that it has sufficient cybersecurity insurance coverage for any potential losses. The Company further believes that the incident was caused by an unauthorized third party who temporarily had access to the system. The Company has reported the matter to the appropriate law enforcement authorities.The Company is continuing to investigate the nature and scope of the incident. The affected environment stores patient information, and the Company continues to assess whether, and the extent to which, patient information or other data was accessed or exfiltrated, and the categories and volume of any such data. All affected systems have been fully restored, and the Company believes that the threat actor no longer has any access to the same. As part of its remediation efforts, the Company is working with its outside cybersecurity experts to further reinforce its information technology systems and to prevent future unauthorized access."