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Mar 31, 2020
TruBridge Q1 2020 Earnings Report
CPSI reported a solid first-quarter performance despite the challenges posed by the COVID-19 pandemic.
Key Takeaways
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 The company's guidance was withdrawn due to the uncertainty created by the COVID-19 pandemic.
Revenues of $69.8 million
GAAP net income of $4.1 million and non-GAAP net income of $8.5 million
Adjusted EBITDA of $11.9 million
Cash provided by operations of $7.6 million
TruBridge
TruBridge
Forward Guidance
Due to the COVID-19 pandemic, the company cannot reasonably estimate the impact the pandemic will have on operating and financial results and are withdrawing the previously issued financial guidance for 2020.