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Exhibit 99.1 CPSI Announces First Quarter 2021 Results Highlights for First Quarter 2021 : • Revenues of $ 68.0 million ; • GAAP net income of $ 4.1 million and non - GAAP net income of $ 9.1 million ; • GAAP earnings per diluted share of $ 0.28 and non - GAAP earnings per diluted share of $ 0.64 ; • Adjusted EBITDA of $ 11.8 million ; • Bookings of $ 8.7 million ; ⚫ Cash provided by operations of $ 13.7 million ; and • Net debt of $ 52.9 million MOBILE , Ala .-- ( BUSINESS WIRE ) -- May 10 , 2021 -- CPSI ( NASDAQ : CPSI ) , a community healthcare solutions company , today announced results for the first quarter ended March 31 , 2021 . Total revenues for the quarter ended March 31 , 2021 , were $ 68.0 million , compared with total revenues of $ 69.8 million for the prior - year first quarter . GAAP net income for the quarter ended March 31 , 2021 , was $ 4.1 million , or $ 0.28 per diluted share , compared with $ 4.1 million , or $ 0.28 per diluted share , for the quarter ended March 31 , 2020. Cash provided by operations for the first quarter of 2021 was $ 13.7 million , compared with $ 7.6 million for the prior - year quarter . Net debt at March 31 , 2021 , was $ 52.9 million . Commenting on the Company's financial performance for the first quarter of 2021 , Matt Chambless , chief financial officer of CPSI , stated , " The resiliency of our customers continues to result in incremental improvement in patient volumes , propelling TruBridge to another all - time high in quarterly revenues . Our commitment to develop a more predictable revenue model through expanded recurring revenue sources continues to transform our business , with recurring revenues growing 7 % from the first quarter of 2020 and making up roughly 90 % of our total revenue . These favorable dynamics , combined with business process improvements , resulted in revenue and profitability metrics that surpassed our expectations for the first quarter . " " We saw continued pressure on our hospital , nursing home and clinic customers to address the COVID pandemic as their focus turned to vaccinating their communities as quickly as possible while still treating those affected by the surge in COVID cases . These market dynamics and the strain on healthcare leaders in the communities we serve , are reflected in our first quarter bookings results of $ 8.7 million . However , our pipeline remains healthy , and we are laser focused on making up this ground and achieving our annual bookings goal by year end , " added Chambless . Boyd Douglas , president and chief executive officer of CPSI , stated , " We are in the early stages of executing on an aggressive , yet obtainable plan that is intended to enhance shareholder value over the next three years . With the transformation underway to drive long - term sustainability and exciting growth for CPSI , the first quarter of 2021 resulted in strong financial results . As we modernize our business by increasing efficiencies , we continue to see solid results in our margin optimization efforts , creating strong profitability and the ability to invest in additional growth opportunities .