CareCloud Third Quarter 2024 Earnings: EPS Beats Expectations

CareCloud (NASDAQ:CCLD) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$28.5m (down 2.5% from 3Q 2023).
• Net loss: US$667.0k (loss narrowed by 90% from 3Q 2023).
• US$0.041 loss per share (improved from US$0.42 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

CareCloud EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 71%.

Looking ahead, revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Healthcare Services industry in the US.

Performance of the American Healthcare Services industry.

The company's shares are up 5.8% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for CareCloud you should know about.

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