TruBridge Earnings Reports

TruBridge delivered revenue growth in Q4 2024, reaching $87.4 million, an increase from the prior year's $85.9 million. Financial Health revenue grew to $54.7 million, representing 62.6% of total revenue. The company posted an adjusted EBITDA of $17.2 million, an increase from $12.0 million a year earlier. However, the company reported a GAAP net loss of $5.7 million while non-GAAP net income came in at $0.7 million.

TruBridge, Inc. announced its Q3 2024 results, with total revenue increasing to $83.8 million compared to $82.7 million in the same quarter last year. The Financial Health segment showed solid growth, and the company is making progress on the Viewgol integration. However, the company reported a GAAP net loss of $(9.8) million, and non-GAAP net loss of $(3.0) million.

TruBridge announced solid second-quarter results, with total revenue increasing slightly to $84.7 million and RCM revenue growing to $54.1 million. The company reported a GAAP loss per share of $(0.34) but a non-GAAP EPS of $0.16. Adjusted EBITDA was $12.6 million. The company reiterated its full-year guidance.

TruBridge announced first quarter 2024 results with bookings increasing to $23.6 million compared to $19.8 million. Total revenue decreased to $83.2 million from $86.2 million. The company reported a GAAP loss per diluted share of $(0.17) compared to $0.21, and a non-GAAP earnings per diluted share of $0.19 compared to $0.58. Adjusted EBITDA was $9.5 million compared to $14.6 million.

CPSI announced a strong fourth quarter with revenue performance, highlighted by the rebrand to TruBridge, reflecting the company's transformation towards delivering cohesive solutions. The company sees opportunity to improve financial health of community hospital partners, strengthened by the acquisition of Viewgol.

CPSI reported third-quarter results that fell short of expectations, with total revenue slightly decreasing to $82.7 million and a GAAP net loss of $3.6 million. The company faced continued external pressures and internal missteps, but saw strength in its EHR business and remains optimistic about RCM opportunities. The recent acquisition of Viewgol is expected to alleviate resource pressure in the RCM business.

CPSI reported a slight increase in total revenue, driven by growth in RCM revenue, but faced challenges resulting in a GAAP net loss. Despite headwinds, the company saw pipeline growth and stabilization of its EHR customer base. The topline guidance for the year remains unchanged, but the expectations for adjusted EBITDA have been updated to reflect the impact from outsized expenses in 2023.

CPSI reported an 11% increase in total revenue compared to Q1 2022, driven by a 20% growth in TruBridge revenue cycle management (RCM) revenue. The company's strategy to focus on the RCM business is gaining traction, with RCM bookings growing by 41%.

CPSI reported Q4 2022 results with revenue of $83.2 million, a 29% increase in TruBridge RCM revenue, GAAP net income of $2.5 million, and non-GAAP net income of $8.7 million. The company's success was attributed to TruBridge RCM business and a focus on strengthening customer relationships, with a retention rate of over 95%.

CPSI announced its Q3 2022 results, with revenues of $82.8 million, a GAAP net income of $2.2 million ($0.15 per diluted share), and a non-GAAP net income of $8.2 million ($0.57 per diluted share). The company's revenue increased by 18% year-over-year, primarily due to the acquisition of Healthcare Resource Group, Inc.

CPSI issued a press release announcing financial information for its fiscal second quarter ended June 30, 2022.

CPSI announced its Q1 2022 results, with revenues of $77.9 million, a GAAP net income of $8.1 million ($0.55 per diluted share), and a non-GAAP net income of $11.6 million ($0.81 per diluted share). The company's adjusted EBITDA stood at $16.2 million, with bookings reaching $20.4 million and cash provided by operations amounting to $11.8 million.

CPSI reported Q4 2021 revenues of $74.0 million, a net income of $5.4 million, and a non-GAAP net income of $10.1 million. The company saw growth in both top-line and bottom-line metrics, with recurring revenues making up 93% of the total.

CPSI reported Q3 2021 results with a revenue of $70.1 million, a GAAP net income of $2.7 million, and a non-GAAP net income of $8.5 million. The company's bookings rebounded to $29.3 million, and recurring revenues now constitute over 91% of total revenues.

CPSI reported a strong second quarter in 2021, marked by revenue of $68.5 million, GAAP net income of $6.1 million, and non-GAAP net income of $10.8 million. The company's performance was driven by TruBridge's revenue growth and margin results, as well as improved operational efficiencies.

CPSI reported Q1 2021 revenues of $68.0 million, a slight decrease from $69.8 million in the prior-year quarter. GAAP net income remained consistent at $4.1 million, with earnings per diluted share at $0.28. The company saw a rise in cash provided by operations to $13.7 million, alongside strategic moves including a headquarters relocation and new leadership appointments to foster innovation and growth.

CPSI announced its Q4 2020 results, with revenues of $66.8 million and a GAAP net income of $3.1 million. The company is launching a transformation initiative aimed at achieving $80 million in Adjusted EBITDA in 2024 and targeting a 5% to 8% three-year average organic recurring revenue growth rate.

CPSI reported total revenues of $68.3 million for the third quarter of 2020, with a GAAP net income of $5.3 million, or $0.36 per diluted share. The company's cash provided by operations remained consistent with the prior-year quarter at $8.1 million. CPSI's bookings for the quarter reached $21.5 million, and net debt stood at $77.9 million.

CPSI announced second quarter results with revenues of $59.5 million, GAAP net income of $1.8 million, and non-GAAP net income of $5.5 million. Bookings were $20.0 million, and cash provided by operations was $17.2 million.

CPSI announced first quarter results with revenues of $69.8 million, GAAP net income of $4.1 million, and non-GAAP net income of $8.5 million. The company's guidance was withdrawn due to the uncertainty created by the COVID-19 pandemic.

CPSI announced its Q4 2019 results with revenues of $70.6 million, GAAP net income of $11.2 million, and cash provided by operations of $18.1 million. The company is targeting a three-year average organic recurring revenue growth rate of 5% to 8%.