secwatch.observer — SEC 8-K summary
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Issuer:     TruBridge, Inc. (TBRG)
CIK:        0001169445
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001437749-24-006100
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1169445/000143774924006100/0001437749-24-006100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1169445/000143774924006100/cpsi20240229_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-006100

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