CareCloud reports Q4 EPS 24c, consensus 22c

Reports Q4 revenue $28.239M, consensus $27.99M. “During January 2025, the number of authorized common shares were increased from 35 million to 85 million and we declared the payment of two months of Preferred Stock dividends to be paid in February and March of 2025” said Norman Roth, Interim CFO and Corporate Controller of CareCloud (CCLD). “In March 2025, we converted 3.5 million shares of Series A Preferred Stock into common stock, which resulted in the issuance of 26 million additional common shares. This conversion included all accrued and unpaid dividends on the Series A Preferred Stock which was converted. The conversion will yield substantial dividend savings every month, satisfied $11.4 million of accrued but unpaid dividends and put us in an excellent position to reinvest those funds into the Company.”