TruBridge Q3 2024 Earnings Report
Key Takeaways
TruBridge, Inc. announced its Q3 2024 results, with total revenue increasing to $83.8 million compared to $82.7 million in the same quarter last year. The Financial Health segment showed solid growth, and the company is making progress on the Viewgol integration. However, the company reported a GAAP net loss of $(9.8) million, and non-GAAP net loss of $(3.0) million.
Total bookings increased to $21.0 million from $15.0 million.
Total revenue grew to $83.8 million compared to $82.7 million.
Financial Health revenue reached $54.3 million, representing 64.7% of total revenue.
Adjusted EBITDA increased to $13.8 million from $9.7 million.
TruBridge
TruBridge
TruBridge Revenue by Segment
Forward Guidance
For the fourth quarter of 2024, TruBridge expects to generate total revenue between $83.5 million and $85.5 million and adjusted EBITDA between $13.5 million and $14.5 million. For the full year 2024, TruBridge expects to generate total revenue of $335 million and $337 million and adjusted EBITDA of $49 million and $50 million.
Positive Outlook
- Total revenue between $83.5 million and $85.5 million for Q4 2024.
- Adjusted EBITDA between $13.5 million and $14.5 million for Q4 2024.
- Total revenue of $335 million and $337 million for full year 2024.
- Adjusted EBITDA of $49 million and $50 million for full year 2024.
- Guidance narrowed from previous expectations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income