Computer Programs and Systems, Inc. ( (TBRG) ) has released its Q3 earnings. Here is a breakdown of the information Computer Programs and Systems, Inc. presented to its investors.
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TruBridge, Inc., a healthcare solutions company focused on technology-first revenue cycle management and electronic health record solutions, has reported its third quarter earnings for 2024, showcasing its growth and strategic developments within the healthcare industry.
In the third quarter of 2024, TruBridge reported total bookings of $21.0 million, an increase from $15.0 million the previous year, and total revenues of $83.8 million, slightly up from $82.7 million. The company’s Financial Health revenue notably grew to $54.3 million, up from $46.6 million and representing a significant portion of its total revenue. However, the company reported a GAAP net loss of $9.8 million and a non-GAAP net loss of $3.0 million, with adjusted EBITDA improving to $13.8 million from $9.7 million.
TruBridge is undergoing substantial executive restructuring, with the elevation of business unit general managers and the retirement of COO David Dye, reflecting changes in the company’s leadership dynamics. Additionally, CEO Chris Fowler highlighted the successful integration of Viewgol and the promising start of their new analytics offering, both of which align with the company’s strategic growth objectives.
Looking ahead, TruBridge anticipates continued revenue growth with fourth-quarter projections between $83.5 million and $85.5 million, and adjusted EBITDA between $13.5 million and $14.5 million. For the full year 2024, the company projects total revenues between $335 million and $337 million, with adjusted EBITDA expected to range from $49 million to $50 million, indicating a narrowed focus on financial targets as they enter 2025.
