CareCloud (CCLD) Gross Profit (2013 - 2023)
CareCloud (CCLD) posted quarterly Gross Profit of $11.0 million for Q3 2023, down 17.25% year-over-year from $13.3 million in Q3 2022, and down 7.29% quarter-over-quarter from $11.9 million in Q2 2023.
CareCloud (CCLD) Gross Profit (2013 - 2023) Analysis & Trends
CareCloud (CCLD) has reported Gross Profit for 11 consecutive years, with $11.0 million the latest figure, recorded in Q3 2023.
- In Q3 2023, Gross Profit fell 17.25% year-over-year to $11.0 million; the TTM figure through Sep 2023 stood at $47.8 million (down 12.66% YoY), while the FY2022 annual figure was $54.4 million, up 3.25% from the prior year.
- Gross Profit eased to $11.0 million in Q3 2023 per CCLD's latest filing, from $11.9 million in the prior quarter.
- Across five years, Gross Profit topped out at $15.4 million in Q2 2022 and bottomed at $5.2 million in Q1 2019.
- Historically, Gross Profit has averaged $10.8 million across 5 years, with a median of $11.9 million in 2023.
- Annual changes were most pronounced in 2020 — Gross Profit surged 105.59% — and 2023, when it retreated 23.02%.
- CareCloud's Gross Profit stood at $6.4 million in 2019, then soared by 105.59% to $13.1 million in 2020, then rose by 1.57% to $13.3 million in 2021, then dropped by 2.24% to $13.0 million in 2022, then declined by 15.01% to $11.0 million in 2023.
- Business Quant data shows CCLD's Gross Profit at $11.0 million in Q3 2023, $11.9 million in Q2 2023, and $11.9 million in Q1 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn |
| 10 | CareCloud | 110.06 Mn | 96.66 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2023 | 11.02 Mn |
| Sep 30, 2023 | 11.02 Mn |
| Jun 30, 2023 | 11.89 Mn |
| Jun 30, 2023 | 11.89 Mn |
| Mar 31, 2023 | 11.89 Mn |
| Mar 31, 2023 | 11.89 Mn |
| Dec 31, 2022 | 12.97 Mn |
| Dec 31, 2022 | 12.97 Mn |
| Sep 30, 2022 | 13.32 Mn |
| Sep 30, 2022 | 13.32 Mn |
| Jun 30, 2022 | 15.44 Mn |
| Jun 30, 2022 | 15.44 Mn |
| Mar 31, 2022 | 12.67 Mn |
| Mar 31, 2022 | 12.67 Mn |
| Dec 31, 2021 | 13.26 Mn |
| Dec 31, 2021 | 13.26 Mn |
| Sep 30, 2021 | 14.18 Mn |
| Sep 30, 2021 | 14.18 Mn |
| Jun 30, 2021 | 13.53 Mn |
| Jun 30, 2021 | 13.53 Mn |