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Dec 31, 2024
TruBridge Q4 2024 Earnings Report
TruBridge reported revenue growth and improved adjusted EBITDA, despite a GAAP net loss in Q4 2024.
Key Takeaways
TruBridge delivered revenue growth in Q4 2024, reaching $87.4 million, an increase from the prior year's $85.9 million. Financial Health revenue grew to $54.7 million, representing 62.6% of total revenue. The company posted an adjusted EBITDA of $17.2 million, an increase from $12.0 million a year earlier. However, the company reported a GAAP net loss of $5.7 million while non-GAAP net income came in at $0.7 million.
Total revenue for Q4 2024 was $87.4 million, up from $85.9 million in Q4 2023.
Financial Health revenue increased to $54.7 million, accounting for 62.6% of total revenue.
Adjusted EBITDA improved to $17.2 million from $12.0 million in the previous year.
GAAP net loss was $5.7 million, while non-GAAP net income was $0.7 million.
TruBridge
TruBridge
TruBridge Revenue by Segment
Revenue by Segment
Financial Health Revenue
CapyFin.comPatient Care Revenue
CapyFin.com Forward Guidance
TruBridge expects continued revenue growth in 2025, targeting between $345 million and $360 million in total revenue. Adjusted EBITDA is projected between $59 million and $66 million. The company is focusing on expanding sales, improving operational efficiency, and enhancing customer satisfaction.
Positive Outlook
- Projected revenue growth to between $345 million and $360 million in 2025.
- Adjusted EBITDA expected to increase to between $59 million and $66 million.
- Continued investment in offshore capabilities for cost efficiency.
- New leadership in the Financial Health division to drive growth.
- Emphasis on customer satisfaction and retention to strengthen business stability.
Challenges Ahead
- Declining patient care revenue due to reduced demand for EHR services.
- Lower total bookings compared to the previous year, impacting future revenue potential.
- Ongoing GAAP net losses, with a need for improved profitability.
- Higher operating expenses, which may impact margins.
- Potential risks in transitioning more clients to offshore operations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income