CareCloud Reports Record Breaking Full Year 2024 Net Income
Financial Performance: CareCloud, Inc. reported a significant turnaround in 2024 with a GAAP net income of $7.9 million compared to a net loss of $48.7 million in 2023, alongside a 244% increase in free cash flow and a rise in adjusted EBITDA by 56%.
Future Outlook: The company anticipates continued growth in 2025, projecting revenue between $111 to $114 million and adjusted EBITDA of $26 to $28 million, driven by strategic execution and AI-driven innovations.
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Changing Perspectives on CareCloud: Insights from Analysts and Recent Growth Developments
Analyst Price Target Changes: CareCloud's consensus analyst price target has increased from $5.75 to $6.31 per share, reflecting mixed optimism about the company's performance, while ThinkEquity has initiated coverage with a Buy rating and a target of $8 per share.
Revenue Guidance Updates: CareCloud has raised its full-year 2025 revenue guidance to between $117 million and $119 million, and also provided a 2026 forecast of $128 million to $130 million, driven by business momentum and acquisitions.
Operational Challenges: Despite positive revenue guidance, Roth Capital has raised its price target but maintained a Neutral rating due to concerns over flattening revenue and EBITDA outlook, indicating potential sustainability issues in growth.
Board Compliance Issues: The passing of independent director John N. Daly has temporarily put CareCloud out of compliance with Nasdaq requirements, but the company has a cure period to appoint a new director and restore compliance.
CareCloud's TalkEHR Approved for Use by Critical Access Hospitals, Unlocking $1.5B+ Inpatient Market
CareCloud's EHR Certification: CareCloud, Inc. has achieved ONC Health IT Certification for its electronic health record platform tailored for Critical Access Hospitals (CAHs), marking its entry into the inpatient EHR market and tapping into a $1.5 billion opportunity.
Modernizing Rural Healthcare: The certified solution addresses the specific needs of CAHs by offering cloud-based architecture, built-in AI tools, and compliance support, aiming to replace outdated systems and reduce administrative burdens in rural healthcare settings.
