Slide 1: Q2 2022 Results
Q2 2022 Results Nasdaq Global Market: MTBC, MTBCP, MTBCO 0
Slide 2: Safe Harbor Statements
Safe Harbor Statements This presentation contains forward-looking statements within the meaning of the federal securities laws. These statements relate to anticipated future events, future results of operations or future financial performance. In some cases, you can identify forward-looking statemen
Slide 3: Hosts for CareCloud Second Quarter 2022 Earnings Call
Hosts for CareCloud Second Quarter 2022 Earnings Call Mahmud Haq Executive Chairman A. Hadi Chaudhry CEO and President Bill Korn Chief Financial Officer Kim Blanche General Counsel 2
Slide 4: Hadi Chaudhry
Hadi Chaudhry CEO and President 3
Slide 5: Bookings & CareCloud Wellness
Bookings & CareCloud Wellness Recurring Bookings Technology Driven Services & CareCloud Wellness $5.5 million 6 5 4 3 2 1 - Q1 2021 Q2 2021 Q1 2022 Q2 2022 Technology Driven Services CareCloud Force CareCloud Wellness 4
Slide 6: Remote Patient Monitoring
Remote Patient Monitoring 5
Slide 7: Bill Korn
Bill Korn Chief Financial Officer 6
Slide 8: Q2 2022 Highlights
Q2 2022 Highlights Adjusted EBITDA Adjusted net income Revenue Net (loss) income +24% +23% +9% +$2.9 8. 0 20% 8. 0 16% 40.00 $37.2 3. 0 8% $7.0 $2.7 19% $34.1 7. 0 7. 0 15% 7% 35.00 2. 5 0 $5.6 19% 6% 6. 0 $5.7 6. 0 15% 30.00 2. 0 18% 5% 5. 0 5. 0 $4.5 25.00 14% 4% 18% 1. 5 0 4. 0 4. 0 20.00 3% 14%
Slide 9: Technology-Enabled Business Solutions
Technology-Enabled Business Solutions ($ in millions) H1 2022 revenue from clients utilizing: H1 2022 Revenue 85% Core technology components Technology-driven business solutions 1 or more technology components 46% Medical practice $4.6 Professional IT services management $61.6 $6.4 Pure revenue cycl
Slide 10: H1 2022 Highlights
H1 2022 Highlights Revenue Net (loss) income Adjusted EBITDA Adjusted net income +14% +$6.1 +26% +22% 13% 74.00 5. 0 0% $72.6 12.00 $11.7 12.00 72.00 4. 0 $3.9 -1 % 12% 10.00 $9.3 10.00 $9.1 12% 3. 0 -1 % 70.00 68.00 2. 0 -2 % 8. 0 8. 0 $7.4 12% 12% 1. 0 -2 % 66.00 6. 0 6. 0 64.00 $63.8 - -3 % 12% 4
Slide 11: Capitalization as of July 29, 2022
Capitalization as of July 29, 2022 Series A Series B Common Stock Preferred Stock Preferred Stock CareCloud Enterprise Value Exchange / $ Millions Nasdaq: MTBC Nasdaq: MTBCP Nasdaq: MTBCO $250 Ticker $7.0 $10.2 $213 $151 Stock Price (1) $4.32 $26.53 $25.10 $200 Outstanding 15.1 million 4.5 million 1
Slide 12: Revenue Growth 2017 – 2021 plus 2022 Guidance
Revenue Growth 2017 – 2021 plus 2022 Guidance $139.6 $140-143 ($ in millions) Range $105.1 Guidance $64.4 Actual $50.5 $31.8 2017 2018 2019 2020 2021 2022 Guidance Investors are cautioned that such statements involve risks and uncertainties 11 that could cause actual results to differ materially fro
Slide 13: Adjusted EBITDA Growth 2017 – 2021 plus 2022 Guidance
Adjusted EBITDA Growth 2017 – 2021 plus 2022 Guidance 29.00 ($ in millions) $22-24 24.00 $22.1 Range Guidance 19.00 Actual 14.00 $10.9 9. 0 $8.1 $4.8 $2.3 4. 0 ( 1.00) 2017 2018 2019 2020 2021 2022 Investors are cautioned that such statements involve risks and uncertainties Guidance 12 that could ca
Slide 14: Thank you!
Thank you! Corporate Website www.carecloud.com Investor Relations ir.carecloud.com Investor Inquiries Bill Korn, CFO bkorn@carecloud.com Gene Mannheimer, Westwicke CareCloudIR@westwicke.com (410) 753-2640 (formerly MTBC, Inc.) 13
Slide 15: Appendix
CoreCloud™ Appendix
Slide 16: Non-GAAP Financial Measures Reconciliation
Non-GAAP Financial Measures Reconciliation ($000s) Adjusted EBITDA 2017 2018 2019 2020 2021 H1 2021 H1 2022 Q2 2021 Q2 2022 Net (loss) income $ (5,565) $ (2,138) $ (872) $ (8,813) $ 2,836 $ (2,191) $ 3,877 $ (227) $ 2,737 Provision (benefit) for income taxes 68 (157) 193 103 157 212 89 213 25 Net in