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Mar 31, 2022
TruBridge Q1 2022 Earnings Report
CPSI reported solid financial results driven by the continued execution of their transformative growth strategy and the recent acquisition of Healthcare Resource Group, Inc.
Key Takeaways
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.
Revenues reached $77.9 million.
GAAP net income was $8.1 million, or $0.55 per diluted share.
Non-GAAP net income was $11.6 million, or $0.81 per diluted share.
Bookings totaled $20.4 million.
TruBridge
TruBridge
Forward Guidance
CPSI is excited about the organic growth potential of TruBridge and their ability to accelerate that growth with the right mix of M&A execution.