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)

6 Months Ended

Jun. 30, 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
		Six Months Ended June 30, 2023
		($ in thousands)
		Healthcare IT				Medical Practice Management				Unallocated Corporate Expenses				Total
Net revenue		$	52,939			$	6,424			$	-			$	59,363
Operating expenses:
Direct operating costs			30,634				4,949				-				35,583
Selling and marketing			5,174				18				-				5,192
General and administrative			5,746				896				4,394				11,036
Research and development			2,263				-				-				2,263
Change in contingent consideration			-				-				-				-
Depreciation and amortization			6,200				179				-				6,379
Loss on lease terminations and unoccupied lease charges			422				-				-				422
Total operating expenses			50,439				6,042				4,394				60,875
Operating income (loss)		$	2,500			$	382			$	(4,394	)		$	(1,512	)

		Healthcare IT				Medical Practice Management				Unallocated Corporate Expenses				Total
		Three Months Ended June 30, 2023
		($ in thousands)
		Healthcare IT				Medical Practice Management				Unallocated Corporate Expenses				Total
Net revenue		$	25,985			$	3,377			$	-			$	29,362
Operating expenses:
Direct operating costs			14,941				2,535				-				17,476
Selling and marketing			2,570				10				-				2,580
General and administrative			3,250				448				2,218				5,916
Research and development			1,185				-				-				1,185
Change in contingent consideration			-				-				-				-
Depreciation and amortization			3,251				90				-				3,341
Loss on lease terminations and unoccupied lease charges			153				-				-				153
Total operating expenses			25,350				3,083				2,218				30,651
Operating income (loss)		$	635			$	294			$	(2,218	)		$	(1,289	)

		Healthcare IT				Medical Practice Management				Unallocated Corporate Expenses				Total
		Six Months Ended June 30, 2022
		($ in thousands)
		Healthcare IT				Medical Practice Management				Unallocated Corporate Expenses				Total
Net revenue		$	66,182			$	6,387			$	-			$	72,569
Operating expenses:
Direct operating costs			39,296				5,164				-				44,460
Selling and marketing			4,797				13				-				4,810
General and administrative			6,982				857				4,140				11,979
Research and development			2,083				-				-				2,083
Change in contingent consideration			(1,230	)			-				-				(1,230	)
Depreciation and amortization			5,699				177				-				5,876
Net loss on lease terminations and unoccupied lease charges			621				-				-				621
Total operating expenses			58,248				6,211				4,140				68,599
Operating income (loss)		$	7,934			$	176			$	(4,140	)		$	3,970

		Healthcare IT				Medical Practice Management				Unallocated Corporate Expenses				Total
		Three Months Ended June 30, 2022
		($ in thousands)
		Healthcare IT				Medical Practice Management				Unallocated Corporate Expenses				Total
Net revenue		$	34,029			$	3,199			$	-			$	37,228
Operating expenses:
Direct operating costs			19,285				2,502				-				21,787
Selling and marketing			2,421				5				-				2,426
General and administrative			3,582				420				2,392				6,394
Research and development			1,098				-				-				1,098
Change in contingent consideration			(630	)			-				-				(630	)
Depreciation and amortization			2,847				89				-				2,936
Net loss on lease terminations and unoccupied lease charges			463				-				-				463
Total operating expenses			29,066				3,016				2,392				34,474
Operating income (loss)		$	4,963			$	183			$	(2,392	)		$	2,754