secwatch / observer
8-K filed February 29, 2024, 6:59 PM ET ticker TBRG CIK 0001169445
earnings confidence high sentiment negative materiality 0.80

CPSI posts Q4 GAAP loss of $(2.92)/share; amends credit agreement to waive covenant breach

TruBridge, Inc.

2023-FY EPS reported -$3.15 revenue$339,435,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

TruBridge, Inc. reported fourth quarter and year ended December 31, 2023 results: revenue $85.9 million, net income GAAP loss per diluted share of $(2.92), EPS GAAP loss per diluted share of $(2.92) and non-GAAP earnings per diluted share of $0.36. Guidance initiated.

Period
fourth quarter and year ended December 31, 2023
Revenue
$85.9 million
Net income
GAAP loss per diluted share of $(2.92)
EPS
GAAP loss per diluted share of $(2.92) and non-GAAP earnings per diluted share of $0.36
Guidance
initiated
Result
reported results
Exact text from the filing
Overview All comparisons are to the fourth quarter ended December 31, 2022, unless otherwise noted. ● Bookings of $26.0 million compared to $24.7 million ● Total revenue of $85.9 million compared to $83.2 million ● Revenue Cycle Management (RCM) revenue of $51.0 million compared to $45.7 million o RCM revenue represented 60.7% of CPSI’s total recurring revenue
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TruBridge, Inc. amended Fourth Amendment with Regions Bank, as administrative agent and collateral agent, and various other lenders (effective 2024-02-29).

Action
amendment
Agreement
credit facility
Counterparty
Regions Bank, as administrative agent and collateral agent, and various other lenders
Effective
2024-02-29
Exact text from the filing
On February 29, 2024, Computer Programs and Systems, Inc. (the “Company”) entered into a Fourth Amendment (the “Fourth Amendment”) to the Amended and Restated Credit Agreement, dated as of June 16, 2020 (as amended, the “Credit Agreement”), by and among the Company; certain subsidiaries of the Company, as guarantors (collectively, the “Subsidiary Guarantors”); Regions Bank, as administrative agent and collateral agent (the “Administrative Agent”); and various other lenders.
View on SEC.gov

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TruBridge, Inc. filing history →

Source: SEC EDGAR
accession 0001437749-24-006100
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