TruBridge Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

TruBridge (NASDAQ:TBRG) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$84.7m (flat on 2Q 2023).
• Net loss: US$5.05m (loss widened by 82% from 2Q 2023).
• US$0.35 loss per share (further deteriorated from US$0.20 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

TruBridge Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 22%.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Healthcare Services industry in the US.

Performance of the American Healthcare Services industry.

The company's shares are up 25% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for TruBridge you should know about.

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