earnings
confidence high
sentiment neutral
materiality 0.40
TruBridge corrects revenue error, revises FY2024 net loss to -$20.4M from -$23.1M
TruBridge, Inc.
- Revenue for FY24 revised up $3.5M to $342.6M; FY23 revised down $3.5M to $335.9M.
- Net loss for FY24 revised to $20.4M ($1.38 loss per diluted share) from $23.1M ($1.55 loss).
- Financial Health segment revenue FY24 $217.7M; Patient Care revenue $125.0M.
- Accounting error had no cash flow impact; company deemed error not material to prior periods.
- Company reiterates 2025 outlook, no specific guidance provided in corrected release.