Trading opens with new Nasdaq symbolCCLD today
The Company continued to enhance its solutions and services to be more interoperable with other systems, support more users, and add proprietary technology that better meets the needs of a wider range of providers, as well as the needs of an industry constantly evolving.
Below is a summary of CareCloud’s 2022 key milestones:
- Appointed new sales and marketing leadership and expanded team from 13 at the beginning of 2020 to more than 50 by the end of 2022
- 94% growth in annual recurring bookings, supported by growth in the Company’s core healthcare technology
- Signed large workforce augmentation contract (CareCloud Force) that initially provides an anticipated few hundred employees to a well-known, publicly-traded healthcare technology company
- Launched new digital health solutions for chronic care management and remote patient monitoring
- Solutions and services recognized for excellence by several review-based award sites, including
KLAS Research , Forbes,Business News Daily and more - Advanced interoperability efforts, including certifying technology to Cures Act criteria, developing an FHIR-based integration engine called CareCloud Connector, and currently pursuing other designations
- Improved healthcare analytics and business intelligence platform by adding scalability and platform-agnosticism
- Updated software to the new technology platforms
Although
“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
“Because of challenges faced in 2022, we updated our guidance for 2022 revenue to
Ticker Change to CCLD
As previously announced, effective today CareCloud’s Nasdaq ticker symbol will change from
About
For additional information, please visit our website at www.carecloud.com.
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Forward-Looking Statements
This press release contains various forward-looking statements within the meaning of the safe harbor provisions of the
Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Forward-looking statements in this press release include, without limitation, statements reflecting management's expectations for future financial performance and operating expenditures, expected growth, profitability and business outlook, the impact of the Covid-19 pandemic on our financial performance and business activities, and the expected results from the integration of our acquisitions.
These forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are only predictions, are uncertain and involve substantial known and unknown risks, uncertainties and other factors which may cause our (or our industry’s) actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all of the risks and uncertainties that could have an impact on the forward-looking statements, including without limitation, risks and uncertainties relating to the Company’s ability to manage growth, migrate newly acquired customers and retain new and existing customers, maintain cost-effective global operations, increase operational efficiency and reduce operating costs, predict and properly adjust to changes in reimbursement and other industry regulations and trends, retain the services of key personnel, develop new technologies, upgrade and adapt legacy and acquired technologies to work with evolving industry standards, compete with other companies’ products and services competitive with ours, and other important risks and uncertainties referenced and discussed under the heading titled “Risk Factors” in the Company’s filings with the
The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligations to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
SOURCE
Company Contact:
Chief Financial Officer
bkorn@carecloud.com
Investor Contact:
ICR Westwicke
CareCloudIR@westwicke.com
Media Inquiries:
ICR Westwicke
CareCloudPR@westwicke.com
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