CPSI Q1 2023 revenue $86.2M (+11% YoY); GAAP EPS $0.21; RCM revenue up 20%

TruBridge, Inc.

2023-Q1 EPS reported $0.21 revenue$86,233,000

Total revenue $86.2M, up 11% YoY; GAAP net income $3.1M ($0.21 diluted EPS).
Non-GAAP net income $8.1M ($0.58 diluted EPS); Adjusted EBITDA $14.6M vs $16.2M.
RCM revenue $48.6M (+20% YoY); RCM bookings grew 41%; RCM now 56% of total revenue.
Acute care EHR client retention rate 96.5% (annualized); bookings $20.9M vs $20.4M.
CEO Chris Fowler cites strong start to 2023; company well positioned to achieve 2023 outlook.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

TruBridge, Inc. reported first quarter ended March 31, 2023 results: revenue $86.2 million, net income $3.1 million, EPS $0.21.

Period: first quarter ended March 31, 2023
Revenue: $86.2 million
Net income: $3.1 million
EPS: $0.21
Result: reported results

Exact text from the filing

2023 Financial Overview All comparisons are to the quarter ended March 31, 2022, unless otherwise noted. Bookings of $20.9 million compared to $20.4 million Total revenue of $86.2 million compared to $77.9 million RCM revenue of $48.6 million compared to $40.5 million GAAP net income of $3.1 million and non-GAAP net income of $8.1 million GAAP earnings per diluted

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Source: SEC EDGAR

accession 0001157523-23-000778

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