Reports Q2 revenue $28.1M, consensus $28.1M. “We have achieved our target of improving profitability as evidenced by the fact that we have paid down our credit facility balance to only $2.5 million as of today – and we expect to further improve profitability and reduce this balance to zero in the months to come,” said A. Hadi Chaudhry, CEO of CareCloud. “Additionally, we have continued to actively expand our use of generative AI, which further drives operating efficiencies as we simultaneously strengthen the foundation of our platform.”
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