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TruBridge(TBRG) - 2024 Q1 - Quarterly Results
2024-05-10 11:05
TRUBRIDGE ANNOUNCES FIRST QUARTER 2024 RESULTS MOBILE, ALA. (May 10, 2024) – TruBridge, Inc. (NASDAQ: TBRG), a healthcare solutions company, today announced financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights All comparisons are to the quarter ended March 31, 2023, unless otherwise noted Exhibit 99.1 Commenting on the results, Chris Fowler, chief executive officer of TruBridge, Inc., stated, "We continued to make significant progress on our transformation efforts duri ...
TruBridge(TBRG) - 2023 Q4 - Annual Report
2024-03-15 20:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO . Commission file number: 000-49796 TruBridge, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 74-3032373 (State or Other Jurisdiction of Incorporatio ...
TruBridge(TBRG) - 2023 Q4 - Earnings Call Transcript
2024-03-01 03:00
Computer Programs and Systems, Inc. (CPSI) Q4 2023 Earnings Conference Call February 29, 2024 4:30 PM ET Company Participants Dru Anderson - Investor Relations Chris Fowler - President and Chief Executive Officer Vinay Bassi - Chief Financial Officer Conference Call Participants Jeff Garro - Stephens, Inc. Sarah James - Cantor Fitzgerald Stephanie Davis - Barclays Operator Greetings, and welcome to the CPSI Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. A ...
TruBridge(TBRG) - 2023 Q4 - Annual Results
2024-02-29 21:18
Revenue Growth and Performance - Q4 2023 total revenue increased to $85.9 million from $83.2 million in Q4 2022, with RCM revenue growing to $51.0 million from $45.7 million, representing 60.7% of total recurring revenue[6] - Full year 2023 total revenue rose to $339.4 million from $326.6 million in 2022, with RCM revenue increasing to $193.9 million from $179.9 million, accounting for 58.9% of total recurring revenue[6] - For Q1 2024, the company expects revenue in the range of $82 million to $84 million and adjusted EBITDA of $8.5 million to $9.5 million[10] - For full year 2024, the company anticipates revenue in the range of $340 million to $350 million and adjusted EBITDA of $45 million to $50 million[10] Earnings and Profitability - Q4 2023 GAAP loss per diluted share was $(2.92), while non-GAAP earnings per diluted share were $0.36, with adjusted EBITDA at $12.0 million compared to $13.2 million in Q4 2022[6] - Full year 2023 GAAP loss per diluted share was $(3.15), while non-GAAP earnings per diluted share were $1.79, with adjusted EBITDA at $47.6 million compared to $55.9 million in 2022[6] - Net income for 2023 was a loss of $45.789 million, compared to a profit of $15.867 million in 2022[18] - Non-GAAP net income for Q4 2023 was $5.129 million, compared to $8.710 million in Q4 2022[30] - Non-GAAP EPS for Q4 2023 was $0.36, down from $0.61 in Q4 2022[30] - Full-year 2023 Non-GAAP net income was $25.410 million, compared to $37.031 million in 2022[30] - Full-year 2023 Non-GAAP EPS was $1.79, down from $2.58 in 2022[30] Bookings and Segment Performance - Q4 2023 bookings were $26.0 million, up from $24.7 million in Q4 2022, while full year 2023 bookings were $85.1 million, down from $89.4 million in 2022[6] - Total bookings for 2023 were $85.102 million, down from $89.405 million in 2022[20] - RCM segment bookings increased from $48.065 million in 2022 to $48.986 million in 2023[20] - EHR segment bookings decreased from $38.152 million in 2022 to $33.143 million in 2023[20] Impairments and Non-Recurring Charges - Q4 2023 operating loss was $(41.8) million, primarily due to a $35.9 million goodwill impairment and $2.3 million trademark intangible impairment[13] - Goodwill impairment charge of $35.913 million recorded in 2023[28] - Goodwill impairment charges for 2023 totaled $35.913 million[30] - Trademark intangible impairment charges for 2023 were $2.342 million[30] - Severance and nonrecurring charges for 2023 amounted to $22.186 million[30] Cash Flow and Financial Position - Cash and cash equivalents decreased from $6.951 million in 2022 to $3.848 million in 2023[18] - Total assets decreased slightly from $430.963 million in 2022 to $434.199 million in 2023[16] Adjusted EBITDA and Margins - Adjusted EBITDA for 2023 was $47.576 million, down from $55.899 million in 2022[26] - Adjusted EBITDA margin decreased from 17.1% in 2022 to 14.0% in 2023[28] Investments and Expenses - Software development investment increased from $19.097 million in 2022 to $23.059 million in 2023[18] - Stock-based compensation for 2023 was $3.271 million[30] - Amortization of acquisition-related intangibles for 2023 was $16.426 million[30] - Non-cash interest expense for 2023 was $359,000[30] Strategic Initiatives - The company completed the acquisition of Viewgol, strengthening its market position and ability to improve the financial health of community hospital partners[5] - The company announced its rebranding to TruBridge, reflecting its transformation and focus on delivering a more cohesive suite of solutions to customers[4]
TruBridge(TBRG) - 2023 Q3 - Quarterly Report
2023-11-09 22:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 000-49796 COMPUTER PROGRAMS AND SYSTEMS, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 74-3032373 (State or Other Jurisdiction of Incorporation or Organization) 54 St. Emanuel Street, Mobile, Alabama 36602 (Address of Principal Executive Offices) (Zip Code) (I.R.S. Employer Identification No. ...
TruBridge(TBRG) - 2023 Q2 - Quarterly Report
2023-08-09 20:44
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 000-49796 COMPUTER PROGRAMS AND SYSTEMS, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 74-3032373 (State or Other Jurisdicti ...
TruBridge(TBRG) - 2023 Q1 - Quarterly Report
2023-05-10 20:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 000-49796 COMPUTER PROGRAMS AND SYSTEMS, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 74-3032373 (State or Other Jurisdict ...
TruBridge(TBRG) - 2022 Q4 - Annual Report
2023-03-16 20:53
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO . Commission file number: 000-49796 COMPUTER PROGRAMS AND SYSTEMS, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 74-3032373 (State or Other Jurisdic ...
TruBridge(TBRG) - 2022 Q3 - Earnings Call Transcript
2022-11-01 23:03
Computer Programs and Systems, Inc. (CPSI) Q3 2022 Earnings Conference Call November 1, 2022 4:30 PM ET Company Participants Dru Anderson - Corporate Communications Christopher Fowler - CEO, President & Director Matt Chambless - CFO, Secretary & Treasurer David Dye - COO & Director Conference Call Participants Joy Zhang - SVB Securities Operator Greetings, and welcome to CPSI Third Quarter Earnings Conference Call. [Operator Instructions]. As a reminder, this conference is being recorded. It is now my pleas ...
TruBridge(TBRG) - 2022 Q2 - Earnings Call Transcript
2022-08-02 22:12
Computer Programs and Systems, Inc. (CPSI) Q2 2022 Earnings Conference Call August 2, 2022 4:30 PM ET Company Participants Dru Anderson - IR, Corporate Communications, Inc. Chris Fowler - President and CEO Matt Chambless - CFO David Dye - Chief Growth Officer Conference Call Participants Jeff Garro - Piper Sandler George Hill - Deutsche Bank Joy Zhang - SVB Securities Operator Greetings and welcome to CPSI Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode ...