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Sep 30, 2024
TruBridge Q3 2024 Earnings Report
Reported financial results for the third quarter and nine months ended September 30, 2024.
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
Revenue by Segment
Financial Health Revenue
CapyFin.comPatient Care Revenue
CapyFin.com 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