CareCloud Files Q2 2024 10-Q
Ticker: CCLDO · Form: 10-Q · Filed: Aug 13, 2024 · CIK: 1582982
| Field | Detail |
|---|---|
| Company | Carecloud, Inc. (CCLDO) |
| Form Type | 10-Q |
| Filed Date | Aug 13, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
CareCloud's Q2 2024 10-Q is in. Check financials.
AI Summary
CareCloud, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the second quarter. Key financial data and disclosures relevant to investors and stakeholders are presented.
Why It Matters
This filing provides investors with the latest financial health and operational performance of CareCloud, Inc. for the second quarter of 2024, crucial for investment decisions.
Risk Assessment
Risk Level: medium — As a 10-Q filing, it contains detailed financial information and disclosures that can impact investor sentiment and stock price.
Key Numbers
- 20240630 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial information is reported.)
- 20240813 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- CareCloud, Inc. (company) — Filer of the 10-Q
- 20240630 (date) — End of reporting period
- 20240813 (date) — Filing date
- MTBC, Inc. (company) — Former company name
- MEDICAL TRANSCRIPTION BILLING, CORP (company) — Former company name
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended June 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on August 13, 2024.
What were CareCloud, Inc.'s former company names?
CareCloud, Inc.'s former company names were MTBC, Inc. and MEDICAL TRANSCRIPTION BILLING, CORP.
What is CareCloud, Inc.'s fiscal year end?
CareCloud, Inc.'s fiscal year ends on December 31.
What is the SIC code for CareCloud, Inc.?
The Standard Industrial Classification (SIC) code for CareCloud, Inc. is 7372, which falls under SERVICES-PREPACKAGED SOFTWARE.
Filing Stats: 4,729 words · 19 min read · ~16 pages · Grade level 18.5 · Accepted 2024-08-13 16:30:54
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share CCLD Nasdaq Global Marke
Filing Documents
- form10-q.htm (10-Q) — 1397KB
- ex31-1.htm (EX-31.1) — 20KB
- ex31-2.htm (EX-31.2) — 20KB
- ex32-1.htm (EX-32.1) — 8KB
- ex32-2.htm (EX-32.2) — 8KB
- form10-q_001.jpg (GRAPHIC) — 3KB
- 0001493152-24-031637.txt ( ) — 6568KB
- ccld-20240630.xsd (EX-101.SCH) — 49KB
- ccld-20240630_cal.xml (EX-101.CAL) — 75KB
- ccld-20240630_def.xml (EX-101.DEF) — 193KB
- ccld-20240630_lab.xml (EX-101.LAB) — 351KB
- ccld-20240630_pre.xml (EX-101.PRE) — 297KB
- form10-q_htm.xml (XML) — 1076KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION Item 1. Condensed Consolidated Financial Statements (Unaudited) 3 Condensed Consolidated Balance Sheets at June 30, 2024 and December 31, 2023 3 Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2024 and 2023 4 Condensed Consolidated Statements of Comprehensive Income (Loss) for the three and six months ended June 30, 2024 and 2023 5 Condensed Consolidated Statements of Shareholders' Equity for the three and six months ended June 30, 2024 and 2023 6 Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2024 and 2023 7 Notes to Condensed Consolidated Financial Statements 8 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 26 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 38 Item 4.
Controls and Procedures
Controls and Procedures 38
OTHER INFORMATION
PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 39 Item 1A.
Risk Factors
Risk Factors 39 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 39 Item 3. Defaults Upon Senior Securities 39 Item 4. Mine Safety Disclosures 39 Item 5. Other Information 39 Item 6. Exhibits 40
Signatures
Signatures 41 1 Forward-Looking Certain of the Securities Exchange Act of 1934, as amended, or the Exchange Act. All statements other than statements of historical fact contained in this Quarterly Report on Form 10-Q are forward-looking statements. These statements relate to anticipated future events, future results of operations or future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may," "might," "will," "shall," "should," "could," "intends," "expects," "plans," "goals," "projects," "anticipates," "believes," "seeks," "estimates," "forecasts," "predicts," "possible," "potential," "target," or "continue" or the negative of these terms or other comparable terminology. Our operations involve risks and uncertainties, many of which are outside of our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Forward-looking statements in this Quarterly Report on Form 10-Q include, without limitation, statements reflecting management's expectations for future financial performance and operating expenditures (including our ability to continue as a going concern, to raise additional capital and to succeed in our future operations), expected growth, profitability and business outlook, increased sales and marketing expenses, and the expected results from the integration of our acquisitions. Forward-looking may cause our (or our industry's) actual results, levels of activity or