NASDAQ$TBRG

TruBridge Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Announced Q4 2020 results, launching a transformation initiative to reach $80 million in Adjusted EBITDA in 2024, and targeting a 5% to 8% three-year average organic recurring revenue growth rate.

CPSI announced its Q4 2020 results, with revenues of $66.8 million and a GAAP net income of $3.1 million. The company is launching a transformation initiative aimed at achieving $80 million in Adjusted EBITDA in 2024 and targeting a 5% to 8% three-year average organic recurring revenue growth rate.

  • Revenues reached $66.8 million.
  • GAAP net income was $3.1 million, while non-GAAP net income was $7.8 million.
  • GAAP earnings per diluted share were $0.22, and non-GAAP earnings per diluted share were $0.55.
  • Adjusted EBITDA amounted to $12.3 million.

Headline financials

Total Revenue

$66.8M

Previous: $70.6M-5.4%
EPS (adj)

$0.55

Previous: $0.78-29.5%
Cash from Operations

$16.2M

Previous: $18.1M-10.5%
Capital Expenditures

$95K

Previous: $90K+5.6%
Free Cash Flow

$16.1M

Previous: $18M-10.7%
Net Income

$3.1M

Previous: $11.2M-72.3%
Operating Income

$5.97M

Previous: $8.91M-33.0%
Gross Profit

$34.6M

Previous: $36.6M-5.4%
Cash & Equivalents

$12.7M

Previous: $7.36M+72.2%
Total Assets

$326M

Previous: $340M-3.9%
Stock-Based Comp

$1.83M

Previous: $2.53M-27.5%

Revenue & EPS history

TruBridge · Revenue · Quarterly

$66.8M

Q4 2020-5.4%vs Q4 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

The Company expects to achieve three-year annual organic recurring revenue growth of 5% to 8%. For 2021, we expect recurring revenue growth at the higher end of that 5% to 8% range, with total expected revenues of $270 to $280 million. GAAP net margin is expected to be 6.5% to 7.5%, and Adjusted EBITDA margin is expected to be 16.5% to 17.5% as we anticipate incremental margin pressure from the continued SaaS transition.

Tailwinds

  • Achieve three-year annual organic recurring revenue growth of 5% to 8%.
  • Recurring revenue growth at the higher end of that 5% to 8% range.
  • Total expected revenues of $270 to $280 million.
  • GAAP net margin is expected to be 6.5% to 7.5%.
  • Adjusted EBITDA margin is expected to be 16.5% to 17.5%.

Headwinds

  • Incremental margin pressure from the continued SaaS transition.

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 2020

Historical avgQ4 2020

-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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