CareCloud, Inc. financial data

Symbol
CCLD, CCLDO, CCLDP on Nasdaq
Industry
Services-Prepackaged Software
Location
7 Clyde Road, Somerset, Somerset, New Jersey
State of incorporation
Delaware
Fiscal year end
December 31
Former names
MTBC, Inc. (to 3/25/2021), MEDICAL TRANSCRIPTION BILLING, CORP (to 1/7/2019)
Latest financial report
Q1 2024 - May 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 116 % -19.7%
Quick Ratio 2.06 % +32.1%
Debt-to-equity 53.9 % +64%
Return On Equity -73.3 % -2009%
Return On Assets -47.7 % -1749%
Operating Margin -41.4 % -1168%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 16.1M shares +3.37%
Common Stock, Shares, Outstanding 16.1M shares +3.37%
Entity Public Float 30.4M USD -9.52%
Common Stock, Value, Issued 17K USD +6.25%
Weighted Average Number of Shares Outstanding, Basic 16M shares +3.85%
Weighted Average Number of Shares Outstanding, Diluted 16M shares +3.85%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 113M USD -15.3%
Research and Development Expense 4.57M USD +1.71%
Selling and Marketing Expense 8.81M USD -12.1%
General and Administrative Expense 20.1M USD -14.1%
Operating Income (Loss) -46.8M USD -1004%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -48.9M USD -1302%
Income Tax Expense (Benefit) -390K USD -319%
Net Income (Loss) Attributable to Parent -48.5M USD -1347%
Earnings Per Share, Basic -0.02 USD/shares +97.4%
Earnings Per Share, Diluted -0.02 USD/shares +92.9%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 12.3M USD +31.7%
Accounts Receivable, after Allowance for Credit Loss, Current 12M USD -18.3%
Inventory, Net 480K USD +81.1%
Assets, Current 24.3M USD -22.9%
Property, Plant and Equipment, Net 5.44M USD +20.3%
Operating Lease, Right-of-Use Asset 4.11M USD -8.02%
Intangible Assets, Net (Excluding Goodwill) 23.2M USD -18.6%
Goodwill 19.2M USD
Other Assets, Noncurrent 641K USD -23.5%
Assets 76.9M USD -41.3%
Accounts Payable, Current 5.92M USD +14.1%
Employee-related Liabilities, Current 2.77M USD +6.47%
Accrued Liabilities, Current 6.35M USD +70.3%
Contract with Customer, Liability, Current 1.39M USD -0.57%
Liabilities, Current 23.8M USD +23.9%
Long-term Debt and Lease Obligation 10.3M USD +24%
Contract with Customer, Liability, Noncurrent 308K USD -12%
Deferred Income Tax Liabilities, Net 606K USD +18.6%
Operating Lease, Liability, Noncurrent 2.32M USD -17.8%
Liabilities 35.5M USD +7.67%
Accumulated Other Comprehensive Income (Loss), Net of Tax -3.84M USD +19.1%
Retained Earnings (Accumulated Deficit) -74.7M USD -185%
Stockholders' Equity Attributable to Parent 41.4M USD -57.8%
Liabilities and Equity 76.9M USD -41.3%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 4.07M USD +297%
Net Cash Provided by (Used in) Financing Activities -1.37M USD +23.1%
Net Cash Provided by (Used in) Investing Activities -1.87M USD +38.5%
Common Stock, Shares Authorized 35M shares 0%
Common Stock, Shares, Issued 16.9M shares +3.22%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 807K USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 6.41M USD
Interest Paid, Excluding Capitalized Interest, Operating Activities 295K USD +293%
Deferred Tax Assets, Valuation Allowance 87.6M USD -4.88%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 1.69M USD +63.4%
Operating Lease, Liability 4.1M USD -16.7%
Depreciation 2M USD 0%
Payments to Acquire Property, Plant, and Equipment 298K USD -64.3%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -47.6M USD -4233%
Lessee, Operating Lease, Liability, to be Paid 5.95M USD -13.3%
Property, Plant and Equipment, Gross 14M USD +12.2%
Operating Lease, Liability, Current 1.78M USD -15.3%
Lessee, Operating Lease, Liability, to be Paid, Year Two 577K USD -39.4%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.35M USD -18.7%
Operating Lease, Weighted Average Discount Rate, Percent 0.14 pure +39.6%
Deferred Income Tax Expense (Benefit) -551K USD -935%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.86M USD -4.77%
Lessee, Operating Lease, Liability, to be Paid, Year Three 453K USD +40.2%
Deferred Federal Income Tax Expense (Benefit) -252K USD -500%
Current Income Tax Expense (Benefit) 152K USD +35.7%
Preferred Stock, Shares Authorized 7M shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 385K USD +68.1%
Additional Paid in Capital 121M USD -6.98%
Current State and Local Tax Expense (Benefit) 123K USD +53.8%
Amortization of Intangible Assets 12.4M USD +26.9%
Deferred State and Local Income Tax Expense (Benefit) -273K USD -2200%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%