CareCloud Announces Financial & Operational Update; Reaffirms FY23 Revenue Guidance Of $120M-$122M Vs $120.67M Est.
Portfolio Pulse from Benzinga Newsdesk
CareCloud, Inc. (NASDAQ:CCLD) has reaffirmed its FY23 revenue guidance of $120M-$122M, in line with estimates. The company highlighted its stable core business, significant contract wins, and advancements in AI technology as the foundation for future growth. CareCloud also emphasized its stable financial position, with a $25 million line of credit and compliance with its covenants. The company has a track record of consistent dividend payments and has several alternatives for raising additional capital if needed.
September 20, 2023 | 1:02 pm
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CareCloud's reaffirmed FY23 revenue guidance and emphasis on its stable financial position and growth potential could boost investor confidence. The company's consistent dividend payments and potential for raising additional capital could also be seen as positive.
CareCloud's reaffirmed FY23 revenue guidance aligns with estimates, which could boost investor confidence. The company's emphasis on its stable financial position, consistent dividend payments, and potential for raising additional capital could also be seen as positive. Furthermore, the company's focus on AI and innovative solutions could position it well for future growth, which could attract more investors.
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