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CareCloud sees 2023 revenue $142M-$146M, consensus $145.03
The Fly

CareCloud sees 2023 revenue $142M-$146M, consensus $145.03

"CareCloud has built a strong sales and marketing team, increased our digital marketing and awareness initiatives, and enhanced the scope of new digital offerings and next generation solutions," said Bill Korn, Chief Financial Officer. "If we weren’t comparing to 2021 revenue, which included the two customers in process of migrating away, we would have seen healthy revenue growth for the year. Because of challenges faced in 2022, we updated our guidance for 2022 revenue to $138 to $140 million. We remain confident with our guidance range of $22 to $24 million of adjusted EBITDA for 2022. Based on revenue from cross-selling our new CareCloud Wellness offering to existing customers, and our sales and marketing team signing record new business in 2022, we expect our 2023 guidance to be in the range of $142 to $146 million. This excludes any growth from potential acquisitions during 2023. We also expect our adjusted EBITDA will be in the range of $24 to $27 million."

Published first on TheFly

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