TruBridge Q2 2024 Earnings Report
Key Takeaways
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.
Total bookings increased to $23.3 million compared to $21.0 million.
Total revenue reached $84.7 million, slightly up from $84.6 million.
Revenue Cycle Management (RCM) revenue grew to $54.1 million, representing 63.9% of total revenue.
Non-GAAP earnings per diluted share were $0.16, compared to $0.40 in the prior year.
TruBridge
TruBridge
Forward Guidance
TruBridge expects to generate total revenue between $82 million and $85 million and adjusted EBITDA between $11.5 million and $13.5 million for the third quarter of 2024. The company reiterates its prior outlook for the full year 2024, expecting total revenue between $330 million and $340 million and adjusted EBITDA between $45 million and $50 million.
Positive Outlook
- Total revenue between $82 million and $85 million for Q3 2024.
- Adjusted EBITDA between $11.5 million and $13.5 million for Q3 2024.
- Total revenue between $330 million and $340 million for full year 2024.
- Adjusted EBITDA between $45 million and $50 million for full year 2024.