CareCloud Historical Income Statement
| CCLDP Stock | 17.36 0.94 5.72% |
Historical analysis of CareCloud income statement accounts such as Interest Expense of 1.3 M, Selling General Administrative of 15.7 M or Selling And Marketing Expenses of 10.1 M can show how well CareCloud performed in making a profits. Evaluating CareCloud income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of CareCloud's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining CareCloud latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether CareCloud is a good buy for the upcoming year.
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About CareCloud Income Statement Analysis
CareCloud Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to CareCloud shareholders. The income statement also shows CareCloud investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
CareCloud Income Statement Chart
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Total Revenue
Total revenue comprises all receipts CareCloud generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of CareCloud minus its cost of goods sold. It is profit before CareCloud operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most accounts from CareCloud's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into CareCloud current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CareCloud. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. To learn how to invest in CareCloud Stock, please use our How to Invest in CareCloud guide.At this time, CareCloud's Depreciation And Amortization is relatively stable compared to the past year. As of 11/14/2024, Interest Expense is likely to grow to about 1.3 M, while Gross Profit is likely to drop slightly above 24 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 455K | 405K | 1.2M | 1.3M | Depreciation And Amortization | 15.8M | 15.0M | 16.6M | 17.4M |
CareCloud income statement Correlations
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CareCloud Account Relationship Matchups
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CareCloud income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 3.1M | 12.8M | 15.8M | 15.0M | 16.6M | 17.4M | |
| Interest Expense | 382.7K | 488K | 455K | 405K | 1.2M | 1.3M | |
| Selling General Administrative | 17.9M | 22.8M | 24.3M | 23.8M | 21.5M | 15.7M | |
| Selling And Marketing Expenses | 1.5M | 6.6M | 8.8M | 9.8M | 9.7M | 10.1M | |
| Total Revenue | 64.4M | 105.1M | 139.6M | 138.8M | 117.1M | 62.9M | |
| Gross Profit | 23.3M | 40.3M | 52.7M | 54.4M | 31.8M | 24.0M | |
| Other Operating Expenses | 64.5M | 113.4M | 136.6M | 134.2M | 120.8M | 65.6M | |
| Operating Income | (421.1K) | (8.3M) | 3.5M | 4.1M | (3.7M) | (3.9M) | |
| Ebit | (421.1K) | (10.9M) | (155K) | 4.7M | (3.7M) | (3.9M) | |
| Research Development | 870.8K | 9.3M | 4.4M | 4.4M | 4.7M | 2.5M | |
| Ebitda | 2.6M | 1.9M | 15.6M | 19.7M | 12.8M | 13.5M | |
| Cost Of Revenue | 41.2M | 64.8M | 86.9M | 84.4M | 85.2M | 89.5M | |
| Total Operating Expenses | 23.3M | 48.6M | 49.7M | 49.7M | 35.6M | 26.6M | |
| Income Before Tax | (679.0K) | (8.7M) | 3.0M | 5.6M | (49.0M) | (46.6M) | |
| Total Other Income Expense Net | (257.9K) | (451K) | (536K) | 1.5M | (45.3M) | (43.0M) | |
| Net Income | (871.8K) | (8.8M) | 2.8M | 5.4M | (48.7M) | (46.2M) | |
| Income Tax Expense | 192.8K | 103K | 157K | 177K | (364K) | (345.8K) |
Pair Trading with CareCloud
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CareCloud position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CareCloud will appreciate offsetting losses from the drop in the long position's value.Moving against CareCloud Stock
| 0.83 | MASS | 908 Devices | PairCorr |
| 0.75 | AGL | agilon health | PairCorr |
| 0.59 | SNDA | Sonida Senior Living Downward Rally | PairCorr |
| 0.46 | ACHC | Acadia Healthcare | PairCorr |
| 0.41 | TNDM | Tandem Diabetes Care | PairCorr |
The ability to find closely correlated positions to CareCloud could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CareCloud when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CareCloud - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CareCloud to buy it.
The correlation of CareCloud is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CareCloud moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CareCloud moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CareCloud can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for CareCloud Stock Analysis
When running CareCloud's price analysis, check to measure CareCloud's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CareCloud is operating at the current time. Most of CareCloud's value examination focuses on studying past and present price action to predict the probability of CareCloud's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CareCloud's price. Additionally, you may evaluate how the addition of CareCloud to your portfolios can decrease your overall portfolio volatility.