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CPSI Announces Second Quarter 2021 Results Highlights for Second Quarter 2021 : Exhibit 99.1 • Revenues of $ 68.5 million ; • GAAP net income of $ 6.1 million and non - GAAP net income of $ 10.8 million ; • GAAP earnings per diluted share of $ 0.42 and non - GAAP earnings per diluted share of $ 0.75 ; • Adjusted EBITDA of $ 14.3 million ; Bookings of $ 16.6 million ; • • Cash provided by operations of $ 19.4 million ; and • Net debt of $ 97.0 million MOBILE , Ala .-- ( BUSINESS WIRE ) -- August 3 , 2021 -- CPSI ( NASDAQ : CPSI ) , a community healthcare solutions company , today announced results for the quarter ended June 30 , 2021 . Total revenues for the quarter ended June 30 , 2021 , were $ 68.5 million , compared with total revenues of $ 59.5 million for the prior - year second quarter . GAAP net income for the quarter ended June 30 , 2021 , was $ 6.1 million , or $ 0.42 per diluted share , compared with $ 1.8 million , or $ 0.12 per diluted share , for the quarter ended June 30 , 2020. Cash provided by operations for the second quarter of 2021 was $ 19.4 million , compared with $ 17.2 million for the prior - year quarter . Net debt at June 30 , 2021 , was $ 97.0 million . Total revenues for the six months ended June 30 , 2021 , were $ 136.5 million , compared with total revenues of $ 129.3 million for the prior - year period . GAAP net income for the six months ended June 30 , 2021 , was $ 10.3 million , or $ 0.70 per diluted share , compared with $ 5.9 million , or $ 0.41 per diluted share , for the six months ended June 30 , 2020. Cash provided by operations for the first six months of 2021 was $ 33.1 million , compared with $ 24.8 million for the prior - year period . Commenting on the Company's financial performance for the second quarter of 2021 , Matt Chambless , chief financial officer of CPSI , stated , " The results for the second quarter of 2021 were highlighted by a strong performance by TruBridge , as well as a modest improvement in system sales revenue compared with a year ago . The continued resiliency of our customer base , combined with the recent acquisition of TruCode LLC , a leading provider of medical coding software , resulted in yet another top - line record for TruBridge , up 31.2 percent over the second quarter of 2020. We also achieved record quarterly non - GAAP net income of $ 10.8 million , and solid growth in Adjusted EBITDA to $ 14.3 million , with Adjusted EBITDA margin only 30 basis points from a new high margin mark . Our focused initiatives on more efficient business process management and better labor capitalization were key drivers of our improved profitability . " The acquisition of TruCode , completed on May 12 , 2021 , reflects our disciplined efforts spanning multiple years to better position CPSI to opportunistically deploy capital . TruCode's cloud - based solutions complement our proven suite of TruBridge services and solutions and offer significant cross - selling opportunities within our acute and post - acute care customer bases . With leverage after the transaction still below our target limit of 2.5 times debt - to - EBITDA , we are well positioned to continue to pursue other M & A opportunities that fit our strategic profile and support further growth , " added Chambless .