---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001304"
form_type: "8-K"
ticker: "TBRG"
cik: "0001169445"
company_name: "TruBridge, Inc."
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T21:29:04.747671+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CPSI reports Q2 net loss, lowers adjusted EBITDA guidance to $52.5-54.5M

## Summary
- GAAP net loss of $2.8M ($0.20 loss per diluted share); non-GAAP net income of $5.7M ($0.40 EPS).
- Revenue $84.6M (+2.3% YoY); bookings $21.9M (down from $23.8M); adjusted EBITDA $11.2M (down from $13.2M).
- FY2023 revenue guidance unchanged at $340-350M; adjusted EBITDA lowered to $52.5-54.5M from $59-63M.
- CEO Chris Fowler cites 'transformative change' and 'outsized expenses' pressuring earnings.
- RCM revenue $47.8M (56.4% of total revenue); operating cash flow $717k for the quarter.

## SEC filing metadata
- accession: 0001157523-23-001304
- form_type: 8-K
- ticker: TBRG
- cik: 0001169445
- company_name: TruBridge, Inc.
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1169445/000115752323001304/0001157523-23-001304-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1169445/000115752323001304/a53521338.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001304
- JSON: https://secwatch.observer/filing/0001157523-23-001304.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001304.txt

## Key facts
- Earnings Releases
  TruBridge, Inc. reported second quarter ended June 30, 2023 results: revenue $84.6 million, net income GAAP net loss of $(2.8) million, EPS GAAP loss per diluted share of $(0.20). Guidance lowered.
  - Period: second quarter ended June 30, 2023
  - Revenue: $84.6 million
  - Net income: GAAP net loss of $(2.8) million
  - EPS: GAAP loss per diluted share of $(0.20)
  - Guidance: lowered
  - Result: reported results
  source text: 2023 Financial Overview All comparisons are to the quarter ended June 30, 2022, unless otherwise noted. Bookings of $21.9 million compared to $23.8 million Total revenue of $84.6 million compared to $82.7 million RCM revenue of $47.8 million compared to $46.8 million RCM revenue represented 58.2% of CPSI’s total recurring revenue and 56.4% of CPSI’s total revenue
  evidence_url: https://www.sec.gov/Archives/edgar/data/1169445/000115752323001304/0001157523-23-001304-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.