---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-006100"
form_type: "8-K"
ticker: "TBRG"
cik: "0001169445"
company_name: "TruBridge, Inc."
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T06:10:49.382650+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Q4 2023 revenue $85.9M (+3.2% YoY); GAAP loss per share $(2.92), non-GAAP EPS $0.36; adj. EBITDA $12.0M (down 9% YoY).
- Full year 2023 revenue $339.4M; GAAP loss per share $(3.15), non-GAAP EPS $1.79; bookings $85.1M.
- Fourth Amendment lowers fixed charge coverage covenant to 1.15:1.00 for Q1-Q4 2024; waives Dec 31, 2023 non-compliance.
- Amendment allows up to $7.25M add-backs to EBITDA for 2024 and limits Viewgol savings to $6.6M.
- FY2024 outlook: revenue $340M-$350M; adj. EBITDA $45M-$50M. Q1 2024: revenue $82M-$84M, adj. EBITDA $8.5M-$9.5M.

## SEC filing metadata
- accession: 0001437749-24-006100
- form_type: 8-K
- ticker: TBRG
- cik: 0001169445
- company_name: TruBridge, Inc.
- filed_at: 2024-02-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1169445/000143774924006100/0001437749-24-006100-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1169445/000143774924006100/cpsi20240229_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-006100
- JSON: https://secwatch.observer/filing/0001437749-24-006100.json
- Plain text: https://secwatch.observer/filing/0001437749-24-006100.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1169445/000143774924006100/0001437749-24-006100-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1169445/000143774924006100/0001437749-24-006100-index.htm

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