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Dec 31, 2023
TruBridge Q4 2023 Earnings Report
Announced fourth quarter and full year 2023 results.
Key Takeaways
CPSI announced a strong fourth quarter with revenue performance, highlighted by the rebrand to TruBridge, reflecting the company's transformation towards delivering cohesive solutions. The company sees opportunity to improve financial health of community hospital partners, strengthened by the acquisition of Viewgol.
Bookings reached $26.0 million, compared to $24.7 million.
Total revenue was $85.9 million, up from $83.2 million.
Revenue Cycle Management (RCM) revenue was $51.0 million, compared to $45.7 million.
Non-GAAP earnings per diluted share were $0.36.
Revenue by Segment
Forward Guidance
For the first quarter 2024, the Company is providing an initial outlook of revenue in the range of $82 million to $84 million and Adjusted EBITDA of $8.5 million to $9.5 million. For the full year 2024, the Company is providing an initial outlook of revenue in the range of $340 million to $350 million and Adjusted EBITDA of $45 million to $50 million.
Positive Outlook
- Revenue in the range of $82 million to $84 million for Q1 2024.
- Adjusted EBITDA of $8.5 million to $9.5 million for Q1 2024.
- Revenue in the range of $340 million to $350 million for full year 2024.
- Adjusted EBITDA of $45 million to $50 million for full year 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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