TruBridge Q4 2021 Earnings Report
Key Takeaways
CPSI reported Q4 2021 revenues of $74.0 million, a net income of $5.4 million, and a non-GAAP net income of $10.1 million. The company saw growth in both top-line and bottom-line metrics, with recurring revenues making up 93% of the total.
Revenues reached $74.0 million.
GAAP net income was $5.4 million, with earnings per diluted share at $0.37.
Non-GAAP net income amounted to $10.1 million, with earnings per diluted share at $0.70.
Cash provided by operations totaled $13.3 million.
TruBridge
TruBridge
Forward Guidance
The Company expects to achieve three-year annual organic recurring revenue growth of 5% to 8%, with the continued growth of TruBridge among both existing and new customers serving as our primary catalyst for recurring revenue growth. For 2022, we expect total revenues of $288 to $298 million. GAAP net income margin is expected to be 6.75% to 7.75%, and Adjusted EBITDA margin is expected to be 18.25% to 19.25%.
Positive Outlook
- Achieve three-year annual organic recurring revenue growth of 5% to 8%
- Continued growth of TruBridge among both existing and new customers serving as our primary catalyst for recurring revenue growth
- Expect total revenues of $288 to $298 million for 2022
- GAAP net income margin is expected to be 6.75% to 7.75%
- Adjusted EBITDA margin is expected to be 18.25% to 19.25%