CareCloud, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

SCHEDULE OF REVENUES, OPERATING EXPENSES AND OPERATING INCOME (LOSS) BY REPORTABLE SEGMENT

		Healthcare IT				Medical Practice Management				Unallocated Corporate Expenses				Total
		Three Months Ended March 31, 2023
		($ in thousands)
		Healthcare IT				Medical Practice Management				Unallocated Corporate Expenses				Total
Net revenue		$	26,954			$	3,047			$	-			$	30,001
Operating expenses:
Direct operating costs			15,693				2,414				-				18,107
Selling and marketing			2,604				8				-				2,612
General and administrative			2,496				448				2,176				5,120
Research and development			1,078				-				-				1,078
Change in contingent consideration			-				-				-				-
Depreciation and amortization			2,949				89				-				3,038
Loss on lease termination and unoccupied lease charges			269				-				-				269
Total operating expenses			25,089				2,959				2,176				30,224
Operating income (loss)		$	1,865			$	88			$	(2,176	)		$	(223	)

		Healthcare IT				Medical Practice Management				Unallocated Corporate Expenses				Total
		Three Months Ended March 31, 2022
		($ in thousands)
		Healthcare IT				Medical Practice Management				Unallocated Corporate Expenses				Total
Net revenue		$	32,153			$	3,188			$	-			$	35,341
Operating expenses:
Direct operating costs			20,011				2,662				-				22,673
Selling and marketing			2,376				8				-				2,384
General and administrative			3,400				437				1,748				5,585
Research and development			985				-				-				985
Change in contingent consideration			(600	)			-				-				(600	)
Depreciation and amortization			2,852				88				-				2,940
Net loss on lease termination and unoccupied lease charges			158				-				-				158
Total operating expenses			29,182				3,195				1,748				34,125
Operating income (loss)		$	2,971			$	(7	)		$	(1,748	)		$	1,216