Slide 1: Q2 2024 Results
Q2 2024 RESULTS Nasdaq Global Market: CCLD, CCLDP, CCLDO August 13, 2024 A leading provider of technology-enabled services and solutions that redefine the healthcare revenue cycle © CareCloud, Inc. 2024
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 Second Quarter 2024 Earnings Call
Hosts for Second Quarter 2024 Earnings Call Mahmud Haq A. Hadi Chaudhry Stephen Snyder Norman Roth Founder & Executive Chairman Chief Executive Officer President Interim CFO and Corporate Controller © CareCloud, Inc. 2024 2
Slide 4: A. Hadi Chaudhry, Chief Executive Officer
A. Hadi Chaudhry Chief Executive Officer © CareCloud, Inc. 2024 3
Slide 5: CareCloud cirrusAI: Revolutionizing Healthcare with AI
CareCloud cirrusAI: Revolutionizing Healthcare with AI CareCloud’s suite of products continue to encompass cutting- edge solutions that are ahead of the curve. “I am used to using dictation devices. But we are a very busy clinic, … I found that CareCloud’s AI tools are very efficient when it comes t
Slide 6: Key Priorities
Key Priorities 2024 Key Priorities 2025 Key Priorities Generate positive free cash flow Reinstate Preferred Stock dividends Optimize cost structure Pivot to revenue growth: New sales, upsell/cross sell Repay line of credit Expand CareCloud Wellness Innovation in AI solutions Create foundation for gr
Slide 7: Stephen Snyder, President
Stephen Snyder President © CareCloud, Inc. 2024 6
Slide 8: Priorities for 2024: Leveraging Strengths to Drive Profitability and Free Cash Flow
Priorities for 2024: Leveraging Strengths to Drive Profitability and Free Cash Flow CareCloud’s objective to drive profitability and free cash flow is underpinned by an organization-wide commitment to operating leverage and improving the Company’s competitive position $26M $20M 87% Total Annualized
Slide 9: Norman Roth, CFO and Corporate Controller
Norman Roth CFO and Corporate Controller © CareCloud, Inc. 2024 8
Slide 10: Q2 2024 Highlights
Q2 2024 Highlights Revenue Net (loss) income Adjusted net income Adjusted EBITDA 35.00 (4%) (191%) +110% 7 .0 0 +67% $6.4 $29.4 3 .5 0 1 2 % 2 .0 0 0 % $1.7 $28.1 30.00 1 .5 0 -1 % 3 .0 0 $3.0 6 .0 0 1 0 % 25.00 1 .0 0 5 .0 0 -2 % 2 .5 0 0 .5 0 8 % $3.8 20.00 4 .0 0 -3 % 2 .0 0 - 6 % $1.4 15.00 ( 0
Slide 11: H1 2024 Highlights
H1 2024 Highlights Adjusted net Revenue Net (loss) income Adjusted EBITDA 70.00 income (9%) (164%) (16%) +25% 2 .0 0 3 % 1 2 .0 0 2 0 % 60.00 $59.4 $1.4 $54.1 1 .5 0 2 % 4.00 $3.8 6% $10.1 1 8 % 1 0 .0 0 50.00 1 6 % 1 .0 0 $3.2 $8.1 1 % 3.50 6% 1 4 % 0 .5 0 8 .0 0 40.00 3.00 6% 0 % 1 2 % - 2.50 6% -
Slide 12: CareCloud Line of Credit Balance
CareCloud Line of Credit Balance $ million $10.0 $10.0 $9.0 $5.0 $2.5 $- Dec 2023 March 2024 June 2024 August 13, 2024 © CareCloud, Inc. 2024 11
Slide 13: Thank You!
Thank You! Nasdaq Global Market: CCLD, CCLDP, CCLDO Corporate Norman Roth, Chief Financial Officer carecloud.com ir@carecloud.com Investor Relations Bill Korn ir.carecloud.com ir@carecloud.com © CareCloud, Inc. 2024 12
Slide 14: Appendix
Appendix © CareCloud, Inc. 2024 13
Slide 15: Non-GAAP Financial Measures Reconciliation
Non-GAAP Financial Measures Reconciliation © CareCloud, Inc. 2024 14