Carecloud Pref Share CCLDO 8.75 Prep 02/15/24 B | 10-Q: FY2025 Q2 Revenue: USD 27.38 M

Revenue: As of FY2025 Q2, the actual value is USD 27.38 M.

EPS: As of FY2025 Q2, the actual value is USD 0.04.

EBIT: As of FY2025 Q2, the actual value is USD 2.944 M.

Healthcare IT Segment

• Net Revenue: $48.7 million for the six months ended June 30, 2025, compared to $47.3 million for the same period in 2024.
• Direct Operating Costs: $24.7 million for the six months ended June 30, 2025, compared to $25.3 million for the same period in 2024.
• Operating Income: $8.4 million for the six months ended June 30, 2025, compared to $4.1 million for the same period in 2024.

Medical Practice Management Segment

• Net Revenue: $6.3 million for the six months ended June 30, 2025, compared to $6.8 million for the same period in 2024.
• Direct Operating Costs: $5.3 million for the six months ended June 30, 2025, compared to $5.2 million for the same period in 2024.
• Operating Loss: - $378,000 for the six months ended June 30, 2025, compared to an operating income of $492,000 for the same period in 2024.

Consolidated Financial Metrics

• Total Net Revenue: $55.0 million for the six months ended June 30, 2025, compared to $54.1 million for the same period in 2024.
• Total Operating Expenses: $50.0 million for the six months ended June 30, 2025, compared to $51.7 million for the same period in 2024.
• Operating Income: $5.0 million for the six months ended June 30, 2025, compared to $2.4 million for the same period in 2024.
• Net Income: $4.9 million for the six months ended June 30, 2025, compared to $1.4 million for the same period in 2024.

Cash Flow

• Operating Cash Flow: $12.5 million for the six months ended June 30, 2025, compared to $8.3 million for the same period in 2024.
• Free Cash Flow: - $3.5 million for the six months ended June 30, 2025, compared to - $3.5 million for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to continue focusing on its technology-enabled business solutions, including revenue cycle management, practice management, and electronic health records. The company aims to enhance its AI capabilities to improve clinical decision-making, streamline workflows, and optimize revenue management.
• Non-Core Business: The company will continue to manage its medical practice management services, which include providing facilities, equipment, supplies, support services, nurses, and administrative support staff to medical providers.
• Priority: The company emphasizes cost reductions, managing global headcount, and enhancing liquidity and financial position. The company expects to have sufficient liquidity to meet its obligations for the next twelve months.