CareCloud (CareCloud) Retained Earnings : $-74.7 Mil (As of Mar. 2024)

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What is CareCloud Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. CareCloud's retained earnings for the quarter that ended in Mar. 2024 was $-74.7 Mil.

CareCloud's quarterly retained earnings declined from Sep. 2023 ($-30.8 Mil) to Dec. 2023 ($-74.5 Mil) and declined from Dec. 2023 ($-74.5 Mil) to Mar. 2024 ($-74.7 Mil).

CareCloud's annual retained earnings increased from Dec. 2021 ($-31.1 Mil) to Dec. 2022 ($-25.6 Mil) but then declined from Dec. 2022 ($-25.6 Mil) to Dec. 2023 ($-74.5 Mil).

CareCloud Retained Earnings Historical Data

The historical data trend for CareCloud's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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CareCloud Retained Earnings Chart

CareCloud Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-25.08

-33.89

-31.05

-25.62

-74.48

CareCloud Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial															-26.21	-28.04	-30.79	-74.48	-74.72

CareCloud Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

CareCloud (NAS:CCLD) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

CareCloud (CareCloud) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » CareCloud Inc (NAS:CCLD) » Definitions » Retained Earnings

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CCLDP.PFD:USA MTB0:Germany MTB:Germany

Address

7 Clyde Road, Somerset, NJ, USA, 08873

Website

https://www.carecloud.com

CareCloud Inc is a healthcare information technology company. It provides a full suite of proprietary cloud-based solutions and related business services. Its Software-as-a-Service platforms include practice management (PM), electronic health record (EHR), business intelligence, telehealth, patient experience management (PXM) solutions, and robotic processing automation (RPA) bots, along with complementary software tools and business services such as revenue cycle management (RCM), premiere healthcare consulting and implementation services, and on-demand workforce staffing capabilities for high-performance medical groups and health systems nationwide. The operating segments of the group are Healthcare IT, which is the key revenue generating segment, and Practice Management.

Executives

Mahmud Ul Haq	director, 10 percent owner, officer: Chief Executive Officer	7 CLYDE ROAD, SOMERSET NJ 08873
Lawrence Steven Sharnak	director	7393, ORANGEWOOD LANE, BOCA RATON FL 33433
Anne Busquet	director	390 PARK AVE 4TH FLR, NEW YORK NY 10022
A Hadi Chaudhry	officer: President	7 CLYDE ROAD, SOMERSET NJ 08873
Nathalie Grey Garcia	officer: General Counsel & Secretary	7 CLYDE ROAD, SOMERSET NJ 08873
Lawrence J. Steenvoorden	officer: Chief Financial Officer	C/O CHEMBIO DIAGNOSTICS, INC., 555 WIRELESS BOULEVARD, HAUPPAUGE NY 11788
Stephen Andrew Snyder	director, officer: President	7 CLYDE ROAD, SOMERSET NJ 08873
Bill Korn	officer: Chief Financial Officer	61 DARREN DRIVE, BASKING RIDGE NJ 07920
John N Daly	director	390 STANWICH ROAD, GREENWICH CT 06830
Kimberly J Grant	officer: General Counsel & Secretary	7 CLYDE ROAD, SOMERSET NJ 08873
Cameron Munter	director	295 WEST ORANGE GROVE AVE, SIERRA MADRE CA 91024
Shruti H Patel	officer: Interim Corporate Secretary	7 CLYDE ROAD, SOMERSET NJ 08873
Amritpal K. Deol	officer: See Remarks	7 CLYDE ROAD, SOMERSET NJ 08873
Norman Roth	officer: See Remarks	7 CLYDE ROAD, SOMERSET NJ 08873
Brendan Patrick Harney	officer: See Remarks	7 CLYDE ROAD, SOMERSET NJ 08873