NASDAQ$TBRG

TruBridge Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported record operating cash flows and targeted three-year average organic recurring revenue growth rate.

CPSI announced its Q4 2019 results with revenues of $70.6 million, GAAP net income of $11.2 million, and cash provided by operations of $18.1 million. The company is targeting a three-year average organic recurring revenue growth rate of 5% to 8%.

  • Revenues of $70.6 million
  • Total bookings of $27.3 million
  • TruBridge bookings of $9.6 million
  • Cash provided by operations of $18.1 million

Headline financials

Total Revenue

$70.6M

Previous: $72.3M-2.3%
EPS (adj)

$0.78

Previous: $0.78+0.0%
Total Bookings

$27.3M

No prior period
TruBridge Bookings

$9.6M

No prior period
Cash from Operations

$18.1M

No prior period
Capital Expenditures

$90K

Previous: $160K-43.8%
Free Cash Flow

$18M

Previous: $8.92M+101.8%
Net Income

$11.2M

Previous: $7.59M+47.6%
Operating Income

$8.91M

Previous: $9.65M-7.6%
Gross Profit

$36.6M

Previous: $39.7M-7.8%
Cash & Equivalents

$7.36M

Previous: $5.73M+28.3%
Total Assets

$340M

Previous: $328M+3.6%
Stock-Based Comp

$2.53M

Previous: $2.41M+4.7%

Revenue & EPS history

TruBridge · Revenue · Quarterly

$70.6M

Q4 2019-2.3%vs Q4 2018
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Forward guidance

The Company expects to achieve three-year average annual organic recurring revenue growth of 5% to 8%. For 2020, the Company anticipates recurring revenue growth at the low end of the long-term guidance and total revenue of $280 to $290 million.

Tailwinds

  • Continued growth of TruBridge among both existing and new customers
  • Accelerating shift in software and support revenues from license to SaaS
  • Opportunities to expand internationally will drive recurring revenue growth
  • Positive impact on recurring revenue
  • Increased focus on operational efficiencies

Headwinds

  • Negative impact on total revenue
  • Margin compression from the SaaS transition
  • Uncertainty in the pace of the SaaS transition
  • Negative impact on margin expansion, at least initially
  • GAAP net margin is expected to be 7% to 8%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

-1.2%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+1.7%

Avg return

30 days after

44%

28 / 64 earnings

Positive

+27.3%

Q2 2024

Best reaction

-29.8%

Q2 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.2%+0.2%+1.0%
Q4 2025+0.5%+17.1%+76.1%
Q3 2025+0.8%+5.0%+19.6%
Q1 2025-2.0%-2.2%-6.6%
Q4 2024+7.6%-1.6%-10.3%
Q3 2024+3.9%+20.1%+40.8%
Q2 2024+27.3%+27.5%+25.3%
Q1 2024+5.3%+6.4%+13.7%
Q4 2023+3.3%-10.4%+3.6%
Q3 2023-13.4%-18.0%-22.8%
Q2 2023-21.2%-24.6%-45.0%
Q1 2023-8.2%-7.2%-3.6%
Q4 2022+1.2%+6.1%-2.4%
Q3 2022-19.7%-15.9%-9.3%
Q2 2022-12.3%-8.0%-10.1%
Q1 2022+0.3%-1.0%+2.1%
Q4 2021+5.4%+6.6%+20.6%
Q3 2021-9.0%-13.3%-19.6%
Q2 2021+7.1%+7.9%+12.2%
Q1 2021-3.1%+3.7%+7.5%
Q4 2020-5.0%-12.3%-4.6%
Q3 2020-0.2%+8.0%+1.1%
Q2 2020+10.4%+6.9%+2.0%
Q1 2020-11.9%+3.0%+1.5%
Q4 2019+21.2%+15.3%-18.5%
Q3 2019+15.5%+15.2%+12.5%
Q2 2019-12.0%-7.4%-14.9%
Q1 2019-11.3%-5.8%-14.7%
Q4 2018+14.9%+14.5%+2.6%
Q3 2018+7.6%+12.2%+6.7%
Q2 2018-14.8%-12.3%-11.9%
Q1 2018-1.0%+2.7%+8.6%
Q4 2017+3.9%+3.4%+2.7%
Q3 2017-1.9%-2.4%+1.7%
Q2 2017+5.1%+1.2%-1.2%
Q1 2017+11.5%+17.5%+28.6%
Q4 2016+18.4%+14.7%+15.1%
Q3 2016-10.7%-11.2%-7.2%
Q2 2016-29.8%-27.1%-35.1%
Q1 2016-8.9%
Q4 2015+8.0%
Q3 2015-15.1%
Q2 2015-11.8%
Q1 2015+2.2%
Q4 2014-15.5%
Q3 2014-1.4%
Q2 2014-6.4%
Q1 2014-2.9%
Q4 2013+17.1%
Q3 2013+3.1%
Q2 2013+3.9%
Q1 2013-3.9%
Q4 2012-8.7%
Q3 2012-5.9%
Q2 2012+3.7%
Q1 2011-2.8%
Q1 2012+1.2%
Q4 2009-2.5%
Q4 2011-2.5%
Q3 2010-3.1%
Q3 2011-3.1%
Q2 2011-2.6%
Q2 2010-2.6%
Q4 2010-2.6%

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