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Mar 31, 2024
TruBridge Q1 2024 Earnings Report
TruBridge reported a decrease in total revenue but an increase in bookings for Q1 2024.
Key Takeaways
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.
Bookings increased to $23.6 million compared to $19.8 million.
Total revenue decreased to $83.2 million compared to $86.2 million.
RCM revenue increased to $53.0 million compared to $48.6 million and represented 63.7% of total revenue.
Non-GAAP earnings per diluted share was $0.19 compared to $0.58.
Forward Guidance
TruBridge expects to generate total revenue of $81 million to $83 million and Adjusted EBITDA of $8.0 million to $10.0 million for the second quarter of 2024. For the full year 2024, TruBridge expects total revenue of $330 million to $340 million and Adjusted EBITDA of $45 million to $50 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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