TruBridge, Inc. announced its financial results for the fourth quarter and full year ended December 31, 2024, on March 10, 2025. For Q4 2024, the company reported a net loss of $5.7 million, or $0.38 per share, a significant improvement from a $42.474 million net loss, or $2.92 per share, in Q4 2023. Revenues for the quarter increased by 1.7% year-over-year to $87.360 million.
Adjusted EBITDA for Q4 2024 surged by 43.8% to $17.240 million, resulting in an Adjusted EBITDA margin of 19.7%, up from 14.0% in the prior year. For the full year 2024, TruBridge reported a net loss of $23.084 million, or $1.55 per share, compared to a $45.789 million net loss, or $3.15 per share, in 2023. Full-year revenues were $339.166 million, a slight decrease of 0.1% from 2023.
Full-year 2024 Adjusted EBITDA increased by 11.6% to $53.090 million, with an Adjusted EBITDA margin of 15.7%. The company also reported positive operating cash flow of $9.4 million for the full year, a substantial improvement from a net use of $8.591 million in 2023, and reduced its net leverage ratio to 2.8x. TruBridge provided initial 2025 guidance, expecting full-year revenues between $345 million and $360 million and Adjusted EBITDA between $59 million and $66 million.
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