$CCLD

CareCloud, Inc.

CIK:0001582982|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
NET REVENUE	$ 31,880,000	$ 27,377,000	$ 63,150,000	$ 55,009,000
OPERATING EXPENSES:
Direct operating costs	17,457,000	14,480,000	34,307,000	29,944,000
Selling and marketing	1,300,000	1,118,000	2,714,000	2,249,000
General and administrative	5,370,000	4,358,000	10,866,000	8,690,000
Research and development	2,194,000	1,020,000	4,610,000	2,255,000
Change in contingent consideration	(34,000)		23,000
Depreciation and amortization	3,731,000	3,382,000	7,768,000	6,719,000
Restructuring costs		23,000		137,000
Total operating expenses	30,018,000	24,381,000	60,288,000	49,994,000
OPERATING INCOME	1,862,000	2,996,000	2,862,000	5,015,000
OTHER:
Interest income	73,000	51,000	83,000	93,000
Interest expense	(815,000)	(68,000)	(873,000)	(126,000)
Other income (expense) - net	104,000	(35,000)	126,000	(49,000)
INCOME BEFORE PROVISION FOR INCOME TAXES	1,224,000	2,944,000	2,198,000	4,933,000
Income tax provision	102,000	42,000	154,000	83,000
NET INCOME	1,122,000	2,902,000	2,044,000	4,850,000
Preferred stock dividend	941,000	1,365,000	2,306,000	4,176,000
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS	$ 181,000	$ 1,537,000	$ (262,000)	$ 674,000
Net loss per common share: basic	$ 0.00	$ 0.04	$ (0.01)	$ 0.02
Net loss per common share: diluted	$ 0.00	$ 0.04	$ (0.01)	$ 0.02
Weighted-average common shares used to compute basic loss per share	42,493,449	42,321,629	42,482,758	33,118,912
Weighted-average common shares used to compute diluted loss per share	42,493,449	42,321,629	42,482,758	33,118,912

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2025	Mar. 31, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
OPERATING ACTIVITIES:
Net income	$ 1,122,000	$ 922,000	$ 2,902,000	$ 1,948,000	$ 2,044,000	$ 4,850,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization					7,858,000	6,855,000
Lease amortization					896,000	901,000
Provision for expected credit losses					118,000	169,000	$ 286,000
Provision for deferred income taxes	50,000				50,000
Foreign exchange loss					15,000	1,000
Interest accretion					208,000	219,000
Change in contingent consideration	(34,000)				23,000
Stock-based compensation expense	64,000		111,000		128,000	219,000
Changes in operating assets and liabilities:
Accounts receivable					827,000	(958,000)
Contract asset					238,000	411,000
Inventory					36,000	51,000
Other assets					73,000	(838,000)
Accounts payable and other liabilities					(2,146,000)	377,000
Deferred revenue					316,000	264,000
Net cash provided by operating activities					10,684,000	12,521,000
INVESTING ACTIVITIES:
Purchases of property and equipment					(937,000)	(1,786,000)
Capitalized software and other intangible assets					(1,620,000)	(1,677,000)
Payment for acquisitions					(681,000)	(40,000)
Net cash used in investing activities					(3,238,000)	(3,503,000)
FINANCING ACTIVITIES:
Preferred stock dividends paid					(6,436,000)	(3,317,000)
Payment of contingent consideration					(618,000)
Payment of tax withholding on stock issued to employees					(1,000)	(22,000)
Proceeds from term loan					39,739,000
Repayments of notes payable and term loan					(1,191,000)	(355,000)
Redemption of Series B Preferred Stock					(38,169,000)
Proceeds from line of credit					9,000,000
Net cash provided by (used in) financing activities					2,324,000	(3,694,000)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND RESTRICTED CASH					8,000	(29,000)
NET INCREASE IN CASH AND RESTRICTED CASH					9,778,000	5,295,000
CASH AND RESTRICTED CASH - Beginning of the period		$ 3,617,000		$ 5,145,000	3,617,000	5,145,000	5,145,000
CASH - End of the period	$ 13,395,000		$ 10,440,000		13,395,000	10,440,000	$ 3,617,000
SUPPLEMENTAL NONCASH INVESTING AND FINANCING ACTIVITIES:
Conversion of Series A Preferred Stock and accrued dividends to common stock						2,435,000
Dividends declared, not paid					392,000	714,000
SUPPLEMENTAL INFORMATION - Cash paid during the period for:
Income taxes					158,000	144,000
Interest					$ 517,000	$ 44,000

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash	$ 13,395,000	$ 3,117,000
Restricted cash		500,000
Accounts receivable - net	14,117,000	15,062,000
Contract asset	3,426,000	3,664,000
Inventory	471,000	507,000
Current assets - related party	16,000	16,000
Prepaid expenses and other current assets	2,758,000	2,872,000
Total current assets	34,183,000	25,738,000
Property and equipment - net	7,259,000	7,775,000
Operating lease right-of-use assets	4,864,000	3,106,000
Intangible assets - net	14,929,000	18,968,000
Goodwill	31,835,000	31,442,000
Other assets	779,000	569,000
TOTAL ASSETS	93,849,000	87,598,000
Current liabilities:
Accounts payable	6,071,000	6,937,000
Accrued compensation	3,846,000	4,136,000
Accrued expenses	5,943,000	5,970,000
Operating lease liability (current portion)	1,573,000	927,000
Deferred revenue (current portion)	4,507,000	4,148,000
Term loans and other (current portion)	10,756,000	728,000
Contingent consideration (current portion)	400,000	909,000
Dividend payable	392,000	668,000
Total current liabilities	33,488,000	24,423,000
Term loans and other	29,223,000	441,000
Borrowings under line of credit	9,000,000
Contingent consideration	290,000	232,000
Operating lease liability	3,462,000	2,187,000
Deferred revenue	934,000	809,000
Deferred tax liability	50,000
Total liabilities	76,447,000	28,092,000
COMMITMENTS AND CONTINGENCIES (NOTE 9)
SHAREHOLDERS’ EQUITY:
Preferred stock, $0.001 par value - authorized 7,000,000 shares. Series A, issued and outstanding 984,530 shares at June 30, 2026 and December 31, 2025. Series B, issued and outstanding 0 and 1,511,372 shares at June 30, 2026 and December 31, 2025, respectively.	1,000	2,000
Common stock, $0.001 par value - authorized 85,000,000 shares. Issued 43,234,658 and 43,178,748 shares at June 30, 2026 and December 31, 2025, respectively. Outstanding 42,493,859 and 42,437,949 shares at June 30, 2026 and December 31, 2025, respectively.	43,000	43,000
Additional paid-in capital	75,735,000	119,936,000
Accumulated deficit	(53,788,000)	(55,832,000)
Accumulated other comprehensive loss	(3,927,000)	(3,981,000)
Less: 740,799 common shares held in treasury, at cost at June 30, 2026 and December 31, 2025	(662,000)	(662,000)
Total shareholders’ equity	17,402,000	59,506,000
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 93,849,000	$ 87,598,000