TruBridge Q3 2020 Earnings Report
Key Takeaways
CPSI reported total revenues of $68.3 million for the third quarter of 2020, with a GAAP net income of $5.3 million, or $0.36 per diluted share. The company's cash provided by operations remained consistent with the prior-year quarter at $8.1 million. CPSI's bookings for the quarter reached $21.5 million, and net debt stood at $77.9 million.
Revenues reached $68.3 million.
GAAP net income was $5.3 million, while non-GAAP net income reached $9.4 million.
GAAP earnings per diluted share were reported at $0.36, with non-GAAP earnings per diluted share at $0.67.
Cash provided by operations was $8.1 million.
TruBridge
TruBridge
Forward Guidance
CPSI anticipates providing long-term guidance metrics when full-year 2020 results are released, citing improved visibility and confidence in operations.