secwatch.observer — SEC 8-K summary
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Issuer:     TruBridge, Inc. (TBRG)
CIK:        0001169445
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001157523-23-001304
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1169445/000115752323001304/0001157523-23-001304-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1169445/000115752323001304/a53521338.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001304

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer