Welcome to our dedicated page for MTBC news (Ticker: MTBC), a resource for investors and traders seeking the latest updates and insights on MTBC stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MTBC's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MTBC's position in the market.
CareCloud (Nasdaq: MTBC, MTBCP) announced an increased secured line of credit from Silicon Valley Bank to $20 million, with a two-year extension until October 13, 2023. This untapped credit facility aims to support future growth initiatives. CareCloud’s financial health remains strong, boasting a 44% compound annual revenue growth and 79% adjusted EBITDA growth since 2017, all while maintaining a virtually debt-free balance sheet. The firm plans to leverage this increased credit for strategic transactions and market consolidation.
CareCloud (Nasdaq: MTBC, MTBCP) announced its participation in four investor conferences in September 2021, including the Colliers 2021 Institutional Investor Conference and the H.C. Wainwright Annual Global Investment Conference. One-on-one meetings with management will be available at these events. Additionally, CareCloud will present at the Benzinga Virtual Healthcare SmallCap Conference and the 2021 Cantor Virtual Global Healthcare Conference. Interested parties can request meetings through the conference sponsors or CareCloud's IR representative.
CareCloud (Nasdaq: MTBC, MTBCP) announces the successful launch of its medSR division, aimed at providing comprehensive consulting services to healthcare groups. medSR has already signed its first client, demonstrating its capability to assist in technology planning and operational performance. CEO Jerry Howell highlights the value of combining medSR's expertise with CareCloud’s extensive resources, aiming to enhance client success in an evolving healthcare landscape. The collaboration focuses on staffing, technology integration, and business operations, marking a positive step for both entities.
CareCloud (Nasdaq: MTBC, MTBCP) has declared monthly cash dividends for its 11% Series A Cumulative Redeemable Perpetual Preferred Stock for September, October, and November 2021. Each monthly dividend is set at $0.22917 per share, continuing a streak of 73 consecutive months of dividends since November 2015. The ex-dividend, record, and payment dates vary for each month, with the next payment on October 15, 2021. The Series A Preferred Stock has a liquidation preference of $25.00 per share, ensuring steady income for investors.
CareCloud, a healthcare technology firm, reported record revenue of $34.1 million for Q2 2021, marking a 74% increase year-over-year. The GAAP net loss shrank to $227,000 from $4.8 million in Q2 2020. Adjusted net income reached $4.5 million or $0.31 per share. For the first six months of 2021, revenue rose 54% to $63.8 million, with a net loss of $2.2 million. The company has raised its full-year revenue guidance, reflecting successful growth strategies and the recent medSR acquisition.
CareCloud (formerly MTBC) will release its Q2 2021 financial results on August 5, 2021, prior to market opening. The company will host a conference call at 8:30 a.m. ET to discuss these results. This session can be accessed via live webcast or through an audio-only option by dialing 786-204-3966. CareCloud, a leader in healthcare technology solutions, provides services like revenue cycle management and electronic health records to over 40,000 providers across the nation.
CareCloud (Nasdaq: MTBC, MTBCP) reported a 20% client growth for its PrecisionBI healthcare analytics platform, showcasing its value in revenue generation amid pandemic challenges. Major clients such as Piedmont Healthcare and Starling Physicians have joined the roster, boosting the client retention rate to 95%. The platform's analytics assist providers in navigating reimbursement trends and identifying operational inefficiencies, vital for improving margins and operational performance.
CareCloud (Nasdaq: MTBC, MTBCP) announced its corporate membership and annual conference sponsorship of the Medical Group Management Association (MGMA) on July 21, 2021. As a marquee sponsor, CareCloud aims to enhance support for practice leaders through technology-enabled solutions. The collaboration includes delivering resources like podcasts and webinars to promote operational excellence. The MGMA Medical Practice Excellence Leaders conference will take place from October 24-27 in person and November 16-18 digitally, allowing CareCloud to engage directly with healthcare professionals.
CareCloud (Nasdaq: MTBC, MTBCP) has partnered with Spring Hills Management Services Organization to integrate its cloud-based healthcare solutions across 35 locations. This collaboration aims to enhance patient care through CareCloud's electronic health records and revenue cycle management services, supporting Spring Hills' growth in post-acute and assisted living services. The partnership highlights CareCloud's unique ability to provide comprehensive healthcare IT solutions, improving operational efficiency and patient care quality.
CareCloud (Nasdaq: MTBC, MTBCP) has announced its inclusion in the Russell Microcap® Index for the fourth consecutive year, reflecting a strong financial performance. The company achieved a compound annual growth rate of 53% in revenues from Q1 2018 to Q1 2021. Over the same period, CareCloud's stock generated a 34.3% annual return, outpacing the Russell Microcap® Index's 12.3%. Membership in this index enhances visibility among institutional investors, as approximately $10.6 trillion in assets are benchmarked against Russell’s U.S. indexes.
FAQ
What is the market cap of MTBC (MTBC)?
