Computer Programs & Systems (CPSI) Misses Q4 EPS by 15c
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CPSI Announces Fourth Quarter and Year-End 2020 Results
February 9, 2021 4:05 PM ESTCompany Launches Transformation Initiative with Goal of $80 million in Adjusted EBITDA in 2024; Targets Three-Year Average Organic Recurring Revenue Growth Rate of 5% to 8%
Highlights for Fourth Quarter 2020:
Revenues of $66.8 million; GAAP net income of $3.1 million and non-GAAP net income of $7.8 million; GAAP earnings per diluted share of $0.22 and non-GAAP earnings per diluted share of $0.55; Adjusted EBITDA of $12.3 million; Bookings of $21.2 million; 47,000 shares repurchased for $1.3 million; Cash provided by operations of $16.2 million; and Net debt of $64.1 millionMOBILE, Ala.--(BUSINESS WIRE)-- CPSI (NASDAQ:... More
