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CareCloud Inc. (CCLD)



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Upturn Advisory Summary
02/07/2025: CCLD (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -78.77% | Avg. Invested days 18 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 67.14M USD | Price to earnings Ratio - | 1Y Target Price 5.24 |
Price to earnings Ratio - | 1Y Target Price 5.24 | ||
Volume (30-day avg) 115809 | Beta 1.37 | 52 Weeks Range 1.01 - 4.84 | Updated Date 02/8/2025 |
52 Weeks Range 1.01 - 4.84 | Updated Date 02/8/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -3.32 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -40.28% | Operating Margin (TTM) 8.5% |
Management Effectiveness
Return on Assets (TTM) -0.06% | Return on Equity (TTM) -65.82% |
Valuation
Trailing PE - | Forward PE 4.59 | Enterprise Value 68221254 | Price to Sales(TTM) 0.6 |
Enterprise Value 68221254 | Price to Sales(TTM) 0.6 | ||
Enterprise Value to Revenue 0.61 | Enterprise Value to EBITDA -0.99 | Shares Outstanding 16256200 | Shares Floating 8498200 |
Shares Outstanding 16256200 | Shares Floating 8498200 | ||
Percent Insiders 47.32 | Percent Institutions 10.83 |
AI Summary
CareCloud Inc. (NASDAQ: MTBC): A Comprehensive Overview
Company Profile
Founded in 2009, CareCloud Inc. is a healthcare technology company offering cloud-based software solutions for the revenue cycle management (RCM) needs of independent medical practices. Their platform encompasses a complete suite of solutions, including patient engagement, practice management, and billing and collections.
CareCloud's core business areas:
- Cloud-based RCM solutions:
- Practice management
- Patient engagement
- Medical billing and coding
- Revenue cycle analytics
- Patient portal
- Healthcare IT services:
- Telehealth
- Remote patient monitoring
- Data analytics and integrations
- Cybersecurity
Leadership and Corporate Structure:
- CEO: Albert Santalo
- President: Ken Comée
- CFO: Jennifer Aleksa
- VP of Products: Charles Boice
- Head of Marketing: Melissa Kovach
CareCloud operates with a three-tier corporate structure:
- Executive Leadership: Oversees strategic direction and decision-making.
- Management Team: Responsible for daily operations and departmental functions.
- Board of Directors: Provides governance and oversight to the company.
Top Products and Market Share
CareCloud's top products:
- CareCloud Charts: Electronic health records (EHR) system.
- CareCloud Central: Practice management software.
- CareCloud Revenue Cycle Management (RCM): Comprehensive billing and collections solution.
- CareCloud Patient Portal: Online platform for patient engagement and communication.
Market Share:
- Global: CareCloud has not publicly disclosed their global market share.
- US: CareCloud holds a market share of approximately 0.5% in the US medical practice RCM software market.
Product Performance and Market Reception:
CareCloud's products have received positive reviews from users, praising their user-friendly interface, robust features, and reliable performance. However, some users have reported issues with customer support and technical glitches.
Competitors:
- athenahealth (ATHN)
- **AdvancedMD (MD)
- Centricity (CLCT)
- Kareo (KRG)
- ModMed (MOD)
CareCloud faces intense competition from established players in the market. While they have differentiated themselves with their cloud-based platform and focus on small practices, competitors offer similar functionalities and larger market share.
Total Addressable Market (TAM)
The global healthcare IT market is expected to reach $300 billion by 2027, with the RCM segment accounting for a significant portion. The US market for medical practice RCM software is estimated to be $3.5 billion.
Financial Performance
Recent financial performance:
- Revenue: $43.6 million (2022)
- Net Income: -$10.6 million (2022)
- Profit Margin: -24.3% (2022)
- EPS: -$0.53 (2022)
Year-over-year comparison:
- Revenue has increased by 12% compared to 2021.
- Net income and EPS remain negative, indicating profitability challenges.
Cash Flow and Balance Sheet:
- Operating cash flow: -$14.2 million (2022)
- Total assets: $104.7 million (2022)
- Total liabilities: $78.7 million (2022)
Dividends and Shareholder Returns
Dividends: CareCloud does not currently pay dividends.
Shareholder Returns: Total shareholder return over the past 1 year is -40.6%, 5 years is -55.7%, and 10 years is -82.8%.
Growth Trajectory
Historical Growth:
- Revenue has grown steadily over the past 5 years, with a CAGR of 10%.
- However, the company is yet to achieve profitability.
Future Growth Projections:
- The company projects revenue growth of 15-20% in 2023.
- Growth will be driven by increased adoption of cloud-based RCM solutions and new product launches.
Recent Initiatives:
- Partnerships with major healthcare organizations to expand market reach.
- Development of new features and functionalities for existing products.
Market Dynamics
Industry Trends:
- Increased adoption of cloud-based healthcare IT solutions.
- Focus on improving patient engagement and experience.
- Growing demand for data analytics and integration capabilities.
CareCloud's Positioning:
- Well-positioned to capitalize on the growing demand for cloud-based RCM solutions.
- Focus on small practices differentiates them from larger competitors.
- Need to improve profitability and address competition to achieve sustainable growth.
Recent Acquisitions (Last 3 Years)
CareCloud has not made any acquisitions in the last 3 years.
AI-Based Fundamental Rating
Rating: 6/10
Justification:
- Strengths: Strong market position in the cloud-based RCM space, recurring revenue model, growing market, increasing adoption of cloud solutions.
- Weaknesses: Lack of profitability, high competition, negative shareholder returns, high valuation.
Overall, CareCloud has potential for growth but faces significant challenges. Investors should carefully consider the risks and rewards before investing.
Sources and Disclaimers
- CareCloud Inc. Investor Relations: https://investors.carecloud.com/
- SEC filings: https://www.sec.gov/edgar/search/
- Yahoo Finance: https://finance.yahoo.com/quote/MTBC/
This information is provided for educational purposes only and should not be considered investment advice. It is essential to conduct thorough research and consult with a qualified financial professional before making any investment decisions.
About CareCloud Inc.
Exchange NASDAQ | Headquaters Somerset, NJ, United States | ||
IPO Launch date 2014-07-23 | CEO & Director Mr. A. Hadi Chaudhry | ||
Sector Healthcare | Industry Health Information Services | Full time employees 3600 | Website https://www.carecloud.com |
Full time employees 3600 | Website https://www.carecloud.com |
CareCloud, Inc., a healthcare information technology (IT) company, provides a suite of cloud-based solutions and related business services to healthcare providers and hospitals primarily in the United States. It operates in two segments, Healthcare IT and Medical Practice Management. The company's portfolio of proprietary software and business services includes technology-enabled business solutions; cloud-based software; digital health services; healthcare IT professional services and staffing; and medical practice management services. Its technology-enabled business solutions comprise revenue cycle management services, healthcare claims clearinghouse, and medical coding and credentialing services; electronic health records, practice management software and related capabilities, patient experience management solutions, business intelligence and healthcare analytics platforms, and customized applications, interfaces, and various other technology solutions, as well as artificial intelligence, such as CareCloud cirrusAI, AI-powered clinical decision support, AI-powered virtual support assistant, AI-driven appeals, and CareCloud cirrusAI. In addition, the company provides chronic care management, remote patient monitoring, and telemedicine solutions; and professional and consulting services, workforce augmentation and on-demand staffing, and strategic advisory services. Further, it offers medical practice management services to medical practices comprising appropriate facilities, equipment, supplies, support services, nurses, and administrative support staff, as well as management, bill-paying, and financial advisory services. It serves physicians, nurses, nurse practitioners, physician assistants, and other clinicians that render bills for their services. The company was formerly known as MTBC, Inc. and changed its name to CareCloud, Inc. in March 2021. CareCloud, Inc. was founded in 1999 and is headquartered in Somerset, New Jersey.
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