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CareCloud Q3 profit grows on AI-driven efficiency gains

By Reuters News


Overview

  • Healthcare tech provider's Q3 revenue rose 9% yr/yr

  • Adjusted EPS for Q3 rose to $0.14

  • Company says AI automation drove efficiency and higher profitability


Outlook

  • CareCloud reaffirms 2026 revenue guidance of $128 mln to $132 mln

  • Company expects 2026 adjusted EBITDA of $29 mln to $31 mln

  • CareCloud sees 2026 GAAP EPS between $0.20 and $0.23


Result Drivers

  • AI AUTOMATION - Co said AI and automation in claims processing reduced manual work and increased efficiency, supporting higher profitability

  • HIGHER-MARGIN OFFERINGS - Shift toward higher-margin products and improved operational efficiency lifted margins

  • COMPLIANCE SERVICES - Recent acquisition of Empower contributed to new client wins and cross-selling opportunities


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Slight Beat*

$33.73 mln

$33.49 mln (2 Analysts)

Q3 Adjusted EPS

Beat

$0.14

$0.12 (2 Analysts)

Q3 EPS

$0.10

Q3 Adjusted EBITDA

$9.90 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Analyst Coverage

  • The one available analyst rating on the shares is "buy"

  • The average consensus recommendation for the software peer group is "buy"

  • Wall Street's median 12-month price target for CareCloud Inc is $7.00, about 288.9% above its November 4 closing price of $1.80

  • The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 6 three months ago


Reuters Recommended Reads

  • Nov 4 - Upland Software's Q3 revenue falls due to customer churn

  • Nov 4 - Customer experience software maker NICE slightly beats Q3 revenue on AI growth, raises FY outlook

  • Nov 4 - HubSpot Q3 revenue beats estimates driven by subscription growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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