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Mar 31, 2021
TruBridge Q1 2021 Earnings Report
CPSI's first quarter results for 2021 were announced, revealing a mix of financial outcomes and strategic progress.
Key Takeaways
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.
Revenues reached $68.0 million, slightly down from the previous year's $69.8 million.
GAAP net income stayed consistent at $4.1 million, with EPS at $0.28 per diluted share.
Cash provided by operations increased to $13.7 million, compared to $7.6 million in the prior-year quarter.
Bookings were $8.7 million, reflecting pressure from the COVID-19 pandemic on customer priorities.
TruBridge
TruBridge
Forward Guidance
While the report does not contain specific forward guidance, it does outline that the company is focused on achieving annual bookings goal by year end.