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Dec 31, 2019
TruBridge Q4 2019 Earnings Report
Reported record operating cash flows and targeted three-year average organic recurring revenue growth rate.
Key Takeaways
CPSI announced its Q4 2019 results with revenues of $70.6 million, GAAP net income of $11.2 million, and cash provided by operations of $18.1 million. The company is targeting a three-year average organic recurring revenue growth rate of 5% to 8%.
Revenues of $70.6 million
Total bookings of $27.3 million
TruBridge bookings of $9.6 million
Cash provided by operations of $18.1 million
Forward Guidance
The Company expects to achieve three-year average annual organic recurring revenue growth of 5% to 8%. For 2020, the Company anticipates recurring revenue growth at the low end of the long-term guidance and total revenue of $280 to $290 million.
Positive Outlook
- Continued growth of TruBridge among both existing and new customers
- Accelerating shift in software and support revenues from license to SaaS
- Opportunities to expand internationally will drive recurring revenue growth
- Positive impact on recurring revenue
- Increased focus on operational efficiencies
Challenges Ahead
- Negative impact on total revenue
- Margin compression from the SaaS transition
- Uncertainty in the pace of the SaaS transition
- Negative impact on margin expansion, at least initially
Historical Earnings Impact
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Avg. Return Before/After Earnings
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