CareCloud Expects FY23 Revenue Of $120M-$122M, Vs Consensus Of $142.49M (Prior View: $142M– $146M)
Portfolio Pulse from Benzinga Newsdesk
CareCloud, Inc. has revised its FY23 revenue and Adjusted EBITDA expectations. The company now expects revenue of $120M-$122M, down from the prior view of $142M-$146M, and below the consensus of $142.49M. Adjusted EBITDA is expected to be $15M-$17M, down from the prior view of $24M-$27M.
August 04, 2023 | 1:00 pm
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NEGATIVE IMPACT
CareCloud's revised FY23 revenue and Adjusted EBITDA expectations are significantly lower than previous estimates and consensus, which could negatively impact the company's stock price.
CareCloud's revised FY23 revenue and Adjusted EBITDA expectations are significantly lower than both the company's previous estimates and the consensus. This could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100