Mon, Mar 17, 9:32 PM (43 days ago)
### Summary of TruBridge, Inc. (TBRG) Annual Report 2024 #### **Financial Performance:** - **Revenue:** $342.6 million (2024), up from $335.9 million (2023). - **Net Income:** $(20.4) million (2024), improved from $(48.4) million (2023). - **Operating Income:** $6.6 million (2024), up from $(46.1) million (2023). - **Cash Flow:** $32.1 million (2024), up from $1.1 million (2023). #### **Revenue Breakdown:** - **Financial Health:** $217.7 million (2024), up from $192.3 million (2023). - **Patient Care:** $125.0 million (2024), down from $143.6 million (2023). #### **Segment Performance:** - **Financial Health:** Adjusted EBITDA of $36.2 million (2024), up from $23.2 million (2023). - **Patient Care:** Adjusted EBITDA of $20.4 million (2024), down from $20.9 million (2023). #### **Market Position Changes:** - **Acquisitions:** Acquired Viewgol, LLC in October 2023, expanding Financial Health services. - **Divestitures:** Sold American HealthTech, Inc. (AHT) in January 2024. #### **Strategic Overview:** - **Core Growth:** Focus on cross-selling Financial Health solutions and expanding market share. - **Margin Optimization:** Efforts include standardizing workflows, leveraging offshore resources, and automation. - **Digital Innovation:** Emphasis on patient engagement, industry insights, reporting, and analytics technology. #### **Future Outlook:** - **Growth Strategy:** Leverage Financial Health as a growth agent, focusing on customer retention and recurring revenue. - **Market Dynamics:** Healthcare IT is expected to continue growing due to its potential to improve safety, efficiency, and cost reduction. #### **Risk Factors:** - **Industry Risks:** Saturation, consolidation, economic pressures, and regulatory uncertainty. - **Business Risks:** Transition to subscription-based models, competition, acquisitions, and global workforce management. - **Product Risks:** Failure to develop new products, security breaches, and compliance with regulations. #### **Financial Condition:** - **Debt:** $172.8 million in principal amount of indebtedness as of December 31, 2024. - **Liquidity:** $12.3 million in cash and cash equivalents, and $43.6 million in remaining borrowing capacity under the revolving credit facility. #### **Market Position Changes:** - **Acquisitions:** Acquired Viewgol, LLC in October 2023, expanding Financial Health services. - **Divestitures:** Sold American HealthTech, Inc. (AHT) in January 2024. #### **Risk Factors:** - **Industry Risks:** Saturation, consolidation, economic pressures, and regulatory uncertainty. - **Business Risks:** Transition to subscription-based models, competition, acquisitions, and global workforce management. - **Product Risks:** Failure to develop new products, security breaches, and compliance with regulations. #### **Financial Condition:** - **Debt:** $172.8 million in principal amount of indebtedness as of December 31, 2024. - **Liquidity:** $12.3 million in cash and cash equivalents, and $43.6 million in remaining borrowing capacity under the revolving credit facility.