CPSI Q3 misses: GAAP loss $(0.24)/sh; cuts FY revenue guidance to $337-342M

TruBridge, Inc.

2023-Q3 EPS reported -$0.23 revenue$253,567,000

Total revenue $82.7M flat YoY; bookings $16.2M down 21% from $20.5M.
GAAP net loss $(3.6)M vs prior-year gain; non-GAAP net income $6.3M.
Adjusted EBITDA $9.7M vs $13.3M, down 27% YoY; cash from ops $3.1M.
FY 2023 guidance cut: revenue $337-342M (was $340-350M), adj. EBITDA $47-49M (was $52.5-54.5M).
Acquired Viewgol to expand RCM resources; Vinay Bassi appointed new CFO.

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 0.9

TruBridge, Inc. reported the third quarter ended September 30, 2023 results: revenue $82.7 million, net income GAAP net loss of $(3.6) million and non-GAAP net income of $6.3 million, EPS GAAP loss per diluted share of $(0.24) and non-GAAP earnings per diluted share of $0.45. Guidance lowered.

Period: the third quarter ended September 30, 2023
Revenue: $82.7 million
Net income: GAAP net loss of $(3.6) million and non-GAAP net income of $6.3 million
EPS: GAAP loss per diluted share of $(0.24) and non-GAAP earnings per diluted share of $0.45
Guidance: lowered
Result: reported results

Exact text from the filing

2023 Financial Overview All comparisons are to the quarter ended September 30, 2022, unless otherwise noted. Bookings of $16.2 million compared to $20.5 million Total revenue of $82.7 million compared to $82.8 million Revenue Cycle Management (RCM) revenue of $46.6 million compared to $46.9 million RCM revenue represented 58.2 % of CPSI’s total recurring revenue and

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Source: SEC EDGAR

accession 0001157523-23-001686

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