Positive GAAP Net Income and EPS
CareCloud reported a GAAP net income of $2.9 million, a 73% increase from $1.7 million in the same period last year, and delivered positive GAAP earnings per share at $0.04 compared to a loss of $0.14 per share in Q2 2024.
Record Free Cash Flow and Adjusted EBITDA
The company generated $9 million in free cash flow, up 85% year-over-year, and reported adjusted EBITDA of $12.1 million, a 20% increase year-over-year.
Successful AI Integration
The AI Center of Excellence is fully operational, employing 100 full-time AI professionals and 100 interns. AI is being used to enhance internal operations and client-facing solutions like cirrusAI Notes and Voice.
M&A Activity and Strategic Growth
CareCloud completed two acquisitions focused on specialty AI-powered RCM, supporting its growth strategy. The company continues to actively evaluate additional opportunities.
Expansion into New Markets
Received ONC Health IT certification for talkEHR platform tailored for critical access hospitals, opening access to a $1.5 billion addressable market across more than 1,300 rural hospitals.